Elon Musk, the founder and CEO of Tesla, is on a mission to have his company launch more affordable electric cars. The next big project is to create a Model 3-based hatchback and it could be built at the firm's new plant near Berlin, in Germany, and be aimed at the European market.

Autocar quotes Musk when he spoke during a recent conference call with investors as saying

' We will not succeed in our mission if we don't make cars affordable", adding: "The thing that bugs me the most about where we are right now is that our cars aren't affordable enough. We need to fix that. '

No word on when this hatchback, as well as a possible larger vehicle are to be launched, though. They must surely be a good few years in the future, given the fact that Tesla still has to launch the Cybertruck, the Roadster and the Semi (as well as the fact that the pandemic has affected most automakers' plans and launch schedules).