Many analysts consider the Model 3 to be a make-or-break product for Tesla, whose stock price has soared 60 percent since hitting a 12-month low in February.
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At a starting price of $35,000 before federal and state government incentives the Model 3 is less than half the cost of Tesla’s previous models.
CEO Elon Musk revealed the long-awaited Tesla Model 3 Thursday night.
Talking about the Model 3, Elon Musk stated that the vehicle will feature Tesla’s auto pilot feature and can easily cover 346km with a single charge.
One small concern is the Model 3 2017 delivery date, as Musk says that he has complete confidence. The bookings for the Model 3 were opened 24 hours prior to the unveiling of the vehicle, and even those who have booked the cars now will have to wait more than a year to get their hands on the Model 3.
The Model 3 is finally here and everyone seems to be very pleased. Preorders for the Model 3 reached over 115,000 during the event.
Since its inception, Tesla Motors has enjoyed some success with the Roadster, then with the Model S. Then the Model X came along late past year, arriving with the company’s usual brand of pomp and circumstance.
With a theoretical range of around 215 miles there won’t be too much need to be watching the energy gauge, and a 0-60mph time of under six seconds will give even the most adrenaline-seeking driver something to enjoy.
Musk said that the company’s Autopilot 3 self-driving feature will be available as standard, as will support for its Superchargers – which deliver enough power for 170 miles in 30 minutes.
The promise of an affordable electric vehicle from Tesla Motors had hundreds of people lining up to reserve one.
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Priced at $35,000 this vehicle is Tesla’s cheapest yet, and will mark its transition from a luxury auto manufacturer to a more general consumer company.
