Elon Musk has unveiled plans to build its first electric car on its own site and build it with Tesla’s engine in mind.
The announcement comes after Tesla last week unveiled plans for its next-generation EV platform.
The electric carmaker says the first of its next generation electric cars will be built on its site in California.
It will be powered by a “supercharger-driven” battery pack, similar to the one found in the Tesla Model S sedan, with a range of up to 200 miles.
“This is not an expensive project, and it will be an even more affordable project when it comes to the cost of ownership,” Musk said on Monday at a press conference.
The unveiling of the supercharger system comes amid increasing concern over the viability of electric vehicles.
“We need to have something to drive people,” said Musk, adding that Tesla will be building its own superchargers in the California desert.
“That will make it a more affordable vehicle, because it will go to the desert,” Musk added.
The Tesla electric car’s first test drive was on Sunday at the Nevada desert test site.
The company says it has now delivered its first test cars to a total of more than 10,000 people.
The superchargermobile will be connected to the company’s Supercharger network, which allows the car to be plugged into a superchargerbike or truck.
The electric vehicle can also be driven from a charging station to a destination with charging.
The company said the supercharging system will be ready for commercial and residential use within four years.
The new car will be the first model to be offered with an onboard electric powertrain.
Musk said it will have up to 600 horsepower and 750 lb-ft of torque.
The next generation Tesla, due in 2019, will have a “hyper-efficient” battery system.
The first production Tesla, which Musk called a “giant step forward” in power, will be based on a lithium-ion battery pack.
Tesla said the company has been “slow to move fast” with its electric cars, and that it has not yet achieved “the speed of a breakthrough car”.
The announcement follows the release of its first earnings report, which showed Tesla lost $2.6bn (£1.5bn) for the year ended March 31, compared with a loss of $1.3bn in the same period last year.
The report showed Tesla reported net income of $3.3m for the three months to March 31.
The automaker said it was on track to increase its total revenue by more than 15 per cent to $52.7bn by the end of the year.