The electric car company Tesla Motors has announced the first-ever electric vehicle that it says will be the most efficient car on the road.
The “Polaris” electric vehicle will be able to go more than 600 miles (1,300km) on a single charge, which means it will be quicker than other models on the market.
The first electric car, the Tesla Model S, was launched in December 2014 and has since become a global sensation.
The car’s price was $70,000 (NZ$83,000), a lot cheaper than the other electric cars on the grid.
It also offers the most fuel efficiency of any car on sale.
The company’s CEO Elon Musk has said the company is planning to build 200,000 “polaris-powered” vehicles by 2020, and Tesla will be one of them.
Tesla has made the move to make the electric car affordable and mainstream by offering it in two versions: one with a 300kWh battery, and one with an 85kWh capacity battery.
The latter costs about $35,000 more than the 300kWH version, and can go as fast as 120mph (200km/h).
Tesla says it plans to produce the two models at a rate of about 400 a week by 2019, but the company has been reluctant to share its exact plans, and the numbers have not yet been released.
Elon Musk says Tesla has an advantage over rivals by offering an electric car for less than $35K (about NZ$40,000) per car.
It’s a competitive advantage that Tesla has tried to exploit with a range of other vehicles.
The Model X, for example, is a luxury car that costs more than $100,000 and offers a range from just over 50 miles (80km) to about 300 miles (465km).
It also has a range-extender that makes it possible to drive it further than the average driver.
Tesla’s latest announcement comes as the company faces growing competition from electric vehicles from rival companies.
Earlier this year, Ford announced it was buying battery maker Tesla, with the car maker announcing a plan to build an electric vehicle in 2018.
That announcement came a month after Tesla announced plans to develop its own battery technology and to begin building its own electric vehicles.
Tesla will make an electric version of the Model X SUV in 2018, but it will likely not be sold in the US.
Tesla said it would be making its own cars for “years” to come.
Tesla, however, will be competing with BMW and Audi, both of which offer electric vehicles, for the first time.