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With its long-awaited Roadster now heading into production, Tesla is lifting its gaze to the horizon, which may not be all that distant. In a recent interview with CNET, Tesla co-founder Elon Musk revealed that the company will have the design for the anticipated Whitestar electric sedan finalized within this year's second quarter, and have a functional prototype ready before the end of the year.

Musk also confirmed that the electric sedan, whose name could very well change (probably to something that sounds less like a Ford minivan) before it hits the market, will be priced in the $50-60k range, and be produced – likely in Albuquerque, New Mexico – in annual runs of 10,000-20,000 units.

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[Source: CNET via AutoblogGreen]