Tesla unveiled a new, cheaper model of its electric vehicle Model 3 aimed at the mass market, taking more than 1,15,000 orders in the past 24 hours – almost three times the number of cars it produced in all of a year ago.
Advertisement
Tesla has revealed the Model 3, its first truly mainstream electric vehicle, and claimed it has already taken 150,000 pre-orders for the auto.
Tesla had at an event on Thursday in California announced that the Model 3 will be available in 2017 with a starting price of $35,000 or roughly Rs23 lakh (See: Tesla flooded with pre-orders as it unveils Model 3).
The Model 3 will come with the firm’s trademark AutoPilot self-driving features, and Musk said Tesla’s development of electric cars was “very important to accelerate the transition to sustainable transport”.
The Model 3 looks like a squished Model S with both a smaller front and rear end of the vehicle.
Finally, the profits from Model S were used to develop the Model 3, which the company aims to bring to the working classes.
“More cargo capacity than any gasoline vehicle of the same external dimensions”, says Musk-enough to fit a 7-foot long surfboard.
December 2017, that’s the month you can expect your Tesla 3.
Internally, the Tesla Model 3 will be appreciably futuristic and minimalistic, with a single 15-inch landscape touchscreen display accounting for all dashboard functions.
The Model 3 is critical to Tesla’s growth plans, but will enter a crowded field of luxury and electric cars that includes petrol-powered models such as the Audi A4 and BMW 3 Series, and electrics such as the upcoming Chevrolet Bolt. But even if the price of Model 3 goes up, it will still be an affordable buy for people to get their hands on it.
When Will Model 3 Hit the Roads?
Advertisement
The Model 3 will support a range of at least 215 miles, and will work with the company’s high-speed Supercharging network. The company said once the production starts, deliveries will begin in North America.
