Tuesday, 17 July, 2018

EVs now affordable with first Tesla Model 3 delivered to…

EVs now affordable with first Tesla Model 3 delivered to… EVs now affordable with first Tesla Model 3 delivered to…
Preston Stone | 30 July, 2017, 00:12

Musk handed over the first Model 3 off the production line to a Tesla employee buyer on Friday outside Tesla's factory in Fremont, California. The auto has a range of 220 miles to 310 miles and has been created to "have the highest safety ratings in every category", the company said. While the first 30 cars are likely going to people that actually work for Tesla, what we're really hoping for is more details about the Model 3 and Tesla's launch plan. As the first rumors and photos of the Model 3 started to leak out, customers and fans started to obsess over the vehicle's strangely sparse interior. He designed the company's three most raved vehicles: Models X, S, and the 3. Tesla also just proved that it's not just your average electric vehicle company.

Bear in mind that we're talking about the standard Model 3 that boasts a range of 220 miles and does 0-60 in 5.6 seconds.

Potential customers also could lose faith if Tesla doesn't meet its aggressive production schedule, or if the cars have quality problems that strain Tesla's small service network.

After months and months of anticipation, Elon Musk has finally answered nearly all of our questions about the Model 3. Unlike the Model S and Model X, the tablet in the Model 3 is horizontal.

"It was never our goal to make expensive cars". It's the culmination of Tesla's decade-long quest to build that more affordable electric vehicle.

"We're going to go through at least six months of manufacturing hell", said Musk. In August, Tesla is planning to roll out 100 units of Model 3 and it will be increased to over 1,500 units by September-end.

The company has taken more than 500,000 deposits for the Model 3, Musk said at a press conference early Friday, although he pleaded with reporters not to read too much into that number. However, even with those sorts of production numbers, it'll still take almost two years to deliver Model 3s to all 400,000 people who've laid down $1,000 deposits since the program launched last March.

Over the time, there will be more optional systems that will be offered with the Model 3.

Maybe we're nitpicking a bit, but Musk said at a press conference earlier Friday that Tesla now has more than 500,000 reservations for the Model 3.

Base Model 3 cars will have a 0-to-60-mph acceleration time of 5.6 seconds, the company said, and a top speed of 130 miles per hour. However, for the next few months Tesla will be producing only a $44,000 version with 310 miles of range and zippier acceleration.

The second version is dubbed "Long Range", and is a $9,000 option over the base car's $35k (so $44k in total), and this is where it gets interesting.

The base Model 3 will face off against a fierce competitive set of entry-level luxury sedans from the likes of Audi, BMW, Lexus and Mercedes.

The CEO believes that the company already has a big enough backlog to last them through late 2018 if they can reach their production targets.

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