The Palo Alto, Calif., automaker Tesla Motors has unveiled the highly anticipated Tesla Model 3 at the press event today. Tesla CEO Elon Musk unveiled the new Model 3 at their design studio in Hawthorne, California. It has a range of 215 miles per charge and is priced at $35,000 as we reported earlier. Elon Musk is confident about ensuring deliveries take place by end of 2017.
Update: Tesla Model 3 has been unveiled.
The base variant of the car is likely to exceed the performance figures but at the very least it will do as Elon Musk claimed at the press event. But the final car is expected to cross these numbers and with optional equipment the Model 3 can accelerate even faster. The good news is that Tesla hopes to have a total of 7,200 Superchargers by the time Model 3 is released into the market. That’s twice as many as today. Model 3 will also include support for Tesla’s high-speed Supercharging network completely. According to Elon Musk, “It’s about going where you want to go with the Tesla Model 3.”
Tesla Model 3 has contemporary design and looks great! It will come with ‘autopilot hardware’ as standard and all safety features is active on its cars. It will seat 5 adults comfortably. It will have front and rear storage space similar to the Model S. That’s more storage area than any ICE car we have on the market today. Musk said, “You can even fit a 7-foot long surfboard inside.” They were able to do it by moving the front seats a bit forward which allowed them to increase the storage area without increasing the size of the car. The front to rear roof area is one continuous piece of glass — that’s an area from the front windshield to the rear boot — we wonder about the safety aspect of this design but Tesla cars are amongst the safest of the lot. Should be just fine!
Tesla Model 3 Waiting Period:
If you love EVs then I’m sure you are celebrating at home but keep in mind that you will still have to wait more than 18 months to get your hands on the car. The Model 3 is expected to go into production in late 2017 but you can reserve it for just $1,000. In the meantime, Tesla plans to double its dealers and service network worldwide to ensure it can cater to all its new and existing customers.
Tesla Model 3 Price:
Tesla Model 3 with its $35,000 price tag for base variant without optional equipment is excellent. From the looks of it, it feels like another quality product from Tesla. Elon Musk seemed confident when he said, “you will not be able to buy a better car for $35,000, even with no options.” And we’re pretty sure there can’t be a better EV at this price. At the end of the press event Elon said that Tesla Motors has received a total of over 115,000 worldwide reservations for the Model 3 in the past 24 hours.
Tesla Model 3 Rival:
The Chevy Bolt is the only direct competition to the Model 3. According to GM, the Bolt will have a range of 200 miles and the price after tax incentives is $30,000. That’s good new for Chevy fans however it seems like Tesla has struck a chord with its customers and it seems like the lines are only at the Tesla dealerships! We hope that Elon Musk and Tesla Motors continue to innovate and in the next few years we’ll see more incredible EV products. Tesla Model 3 is the result of dedicated work spread over a decade and Elon Musk is betting heavily on the new car.
— Tesla Motors (@TeslaMotors) March 31, 2016
Undoubtedly, the new Tesla Model 3 is the future of the company. It’s the car that will drive volumes necessary for Tesla Motors to take things to the next level. In the past few years Tesla has leveraged their expensive products (Tesla Roadster, Model S and Model X) to build a vehicle that can reach the masses. With the Model 3 they seemed to have accomplished the first step towards to increasing their EV marketshare.