Elon Musk has announced that TESLA Is ready to release its newest and cheapest car yet! The product has been fast-tracked, and will soon be released for purchase to all the world’s consumers. Here’s everything you need to know about the car.
Tesla Debuts its Cheapest Model Yet
After more than a decade of promises, Tesla Motors Inc. has unveiled its cheapest model yet. The company began taking pre-orders on Thursday for its Model 3 sedan, which starts at $35,000 before federal or state incentives. That price makes it about half as expensive as Tesla’s previous models, like its $78,000 Model S P85D sedan or its $109,000 Roadster sports car. It’s also well below other electric vehicles on the market: General Motors Co.’s Chevy Bolt is expected to cost around $37,500 after government incentives when it begins production later in 2016. After months of anticipation and several delays.
Tesla finally unveiled its first mass-market vehicle at an event Thursday night near its headquarters in Palo Alto, California. The project that started years ago with a lofty goal — delivering thousands of electric cars with a long battery range at affordable prices — now seems within reach. Tesla founder Elon Musk says he expects to deliver between 100,000 and 200,000 cars next year. Those orders will come from people who already have placed refundable deposits on the cars; interested buyers can now place $1,000 deposits instead… This could be Tesla’s make-or-break moment—and not just because it needs to start making money selling all those cheaper batteries.
How Much Will it Cost?
According to Elon Musk, Tesla’s new car will cost around $25,000.
That’s less than half of what Tesla Model 3 sedans sell for right now. And it would make a Tesla much more affordable for millions of people who have so far been priced out of owning one. (Some estimates place that number as high as 40 percent.) One big reason why they can do that: The company won’t be selling all its cars directly anymore; it’ll be partnering with third-party dealerships too. We learned about that when Elon Musk was tweeting about how to fix distribution issues on Wednesday night—and then elaborated on his thinking in Thursday afternoon tweets.
But some fans aren’t happy with that approach, even though there are other reasons why bringing in more people might help Tesla reach its goal of putting 5 million electric vehicles on roads by 2022. To figure out whether Musk’s plan is good news or bad news, we spoke to experts at MIT Sloan School of Management and Stanford University. They told us what makes sense about going down this route … but also highlighted where things could get rocky.
When Can I Get One?
Demand for Tesla’s Model 3, which will start at $35,000—compared to $74,500 for its least expensive Model S—is through the roof.
And if you want to get your hands on one as soon as possible, you should probably hurry. Deliveries of Tesla’s newest model will begin in late 2022 and continue into 2023. But if you want a configuration outside of that range—say, an all-wheel-drive model with more battery storage capacity and cost—you may be waiting until 2023 or beyond. So don’t waste any time: Go configure yours now. The sooner you order, it seems, the sooner it gets delivered.
A little over two weeks ago Tesla Motors CEO Elon Musk stood onstage in Los Angeles next to his company’s biggest achievement so far—the rollout of the Tesla Model 3. This electric vehicle is meant to bring affordable electric vehicles to market and has won over legions of enthusiasts who have been anxiously awaiting it ever since Tesla first unveiled plans for a $35K EV back in early 2015. In fact, hundreds if not thousands are expected each day until now.
Where Can I Get One?
If you’re trying to figure out how to get your hands on one of Tesla’s newest cars, it may be a little bit harder than you’d expect. In late October, after tweeting that he would unveil his latest innovation on November 16, 2020, Elon Musk surprised many with a new announcement. He unveiled Tesla’s cheapest (and most accessible) car yet: an all-electric Model 3. With a base price of $35k USD, or $27k USD if customers finance their purchase through Tesla, these cars are an affordable option for those who want to join in on all that electric vehicle excitement. But where can you actually buy one?
And more importantly: When can you buy one? There is some good news, as shipping is expected to begin by December. Good luck! Tesla plans to create loads of Model 3s over time, but there will likely still be a waitlist when they first become available. This will depend largely on production rates—how much Tesla is able to produce per month—as well as sales rates. There has been some controversy surrounding what reservation holders have seen as long wait times compared to deliveries, but we hope things improve for them soon!
Why Does This Matter?
Elon Musk has been hinting at his newest master plan for a while now, but now we have some details on what to expect from Tesla. Apparently, Elon plans to produce more than just electric cars; he wants Tesla to be your full-service energy company. From charging stations for Tesla vehicles (and non-Tesla electric vehicles) to solar panels on your roof and home battery storage, it all adds up to what Elon is calling a smoothly integrated and beautiful system. The move toward a fully renewable future isn’t going to happen overnight—it’s going to take time, money, and a lot of support—but today marks an important step in that direction. Let’s hope investors have some faith in Elon. His vision is definitely one worth following! Now if only he’d finish those damn tunnels already.
A Look at the Competition
Elon Musk has announced that his Tesla electric car company will launch a new line of electric vehicles, with a price point as low as $25K.
The announcement comes amid rising criticism about high-priced vehicles; Tesla’s first vehicle cost $100K to build, a cost which put it out of reach for many consumers. This time around, however, it looks like Tesla is ready to deliver on its promise of a mass-market vehicle. We’ll have to wait until 2022 for its release; in the meantime, analysts predict that other major manufacturers will be forced to follow suit or risk going under. It’s also worth noting that Tesla stock skyrocketed following Musk’s announcement.
Analysts see Musk’s push toward lower prices as a smart move—but they warn against taking any predictions too seriously: lithium-ion batteries are notoriously volatile, and no one knows what technologies might become available over the next few years. Plus, one analyst wonders how well Tesla can hold up to competition from more established automakers (General Motors recently unveiled plans for its own all-electric Chevrolet Bolt). Still, even pessimists agree that if anyone can figure out how to make affordable cars possible it’s probably Elon Musk! After all, he did say he wants Tesla to be bigger than Apple…so here’s hoping there are some exciting announcements coming soon! And remember: pay close attention to battery life when shopping for an electric vehicle – your success depends upon it!
The Tesla Model 3, like all Teslas, is electric. But more importantly than that, it could help usher in a cheap and environmentally friendly transportation revolution for everyone. The Model 3 was launched with a pre-order price of $35,000. Its top speed is limited to 130 km/h but it does have an optional Ludicrous mode which will boost its top speed to 250 km/h. It will also come with Tesla’s Autopilot technology as standard. Although you’ll have to wait until 2022 before you can place an order – because of high demand – that price makes it at least 40% cheaper than most other fully electric cars on sale today. And Tesla has said that, unlike those other vehicles, its base model comes equipped with everything you need to drive it off the lot without having to shell out extra money for features like heated seats or a bigger battery.
In fact, Tesla founder Elon Musk says he would prefer if people didn’t add any options: I think probably we put too many kinds of silly expensive things on there… We’d rather do fewer things well. That’s great news considering those other manufacturers haven’t been able to deliver their base models when they said they would…but we digress. What does Tesla say about itself? Imagine traveling from San Francisco to Los Angeles without recharging your car—or even seeing an oil pump along Route 101. Imagine traveling from San Francisco to Los Angeles without recharging your car—or even seeing an oil pump along Route 101. A fully electric road trip, made possible by Tesla. It sounds like something straight out of a science fiction movie, but a little over 10 years ago that was exactly what Tesla was setting out to achieve with its first-ever car, Tesla Roadster. The fact that we’re driving around in electric cars today is because of that ambition.
And now, Elon Musk has done it again with his latest creation, the Model 3. This time though he’s hoping to do something more than change how we travel:
he wants to change how we power our lives. The Tesla Model 3 will be priced at US$35,000 before incentives for its base model after deliveries begin. That price point would make it a much cheaper alternative to luxury offerings from other major manufacturers such as BMW and Mercedes-Benz. It’s really going to send a great message, says Musk on stage during Tesla’s launch event Thursday night (early Friday morning IST). By making [the pricing] compelling I think we can actually be successful in introducing Electric Vehicles (EVs) across the world. What sets Tesla apart? Like all Tesla vehicles, there are no gears or shifters inside the Model 3.
In place of those manual controls are two touch screens on either side of a single vertical center console. One controls navigation and media playback while the other is an instrument cluster that includes vehicle speed, range information, and trip statistics. There are very few physical buttons throughout—but everything you need is only a tap away. The 15-inch touchscreen display at the center of it all also acts as your key to start up and unlock your car with a tap; Tesla even wants you to eventually give up your keys entirely for its upcoming ‘master plan’ for cars that drive themselves with software updates alone. Since those updates will happen over-the-air (OTA), why not simply let someone else’s Tesla drive itself to wherever you need to go when that day comes?
And now it’s finally here. Just like Tesla’s last few vehicles, Model 3—which is expected to come to India early next year—is an all-electric vehicle designed to promote sustainable transport. With a driving range of 345 kilometers on a single charge, Tesla says the Model 3 has the longest range of any electric vehicle available in India today. That would make it one of our most powerful choices too—going from 0 to 100 mph in less than six seconds with the top speed pegged at 200 kmph. If you want more power though, Tesla will be launching two performance variants later: The model P100D Ludicrous that gets from 0 to 60 mph in 2.5 seconds (the same as a Porsche 911 Turbo S) and can reach 250 miles per hour; and the P100D with an insane mode for those who think Ludicrous isn’t ridiculous enough yet, which can go 310 miles per hour. All versions have autopilot hardware as standard but delivery will only begin after regulatory clearances are given by respective agencies — so don’t expect them anytime soon in India! As always, every purchase of Tesla’s Model 3 comes with free access to its Supercharger network forever.
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