Tesla Takes Orders for Cheaper Model 3

Model 3 is a mid-range electric car which is able to go about 260 miles (418 kilometers) between charges


Photo from Ukrinform–UATV

Tesla has started taking orders for a mid-range battery Model 3 that goes about 260 miles or 418 kilometers between charges, Bloomberg reports.

The sedans cost $45 thousand, which is about $4 thousand less than the starting price of the sedan, that went on sale last year, excluding incentives or options.

Elon Musk, 47, first unveiled the Model 3 in March 2016, pledging that it would start at $35 thousand before incentives. Within days, the company had more than a quarter million reservations. While he has yet to deliver on that sticker price two and a half years later, demand has been strong.

When Musk announced a performance version of the Model 3 in May that cost around $80 thousand, he said the company needed to reach higher levels of production and reduce costs. Shipping a $35 thousand version of the sedan right away would “cause Tesla to lose money & die,” he tweeted.

Source Bloomberg
date 21.10.2018
categories Technologies
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