Surprise, The Tesla Model 3 Is Launching At $44000 Not $35000

BUSINESS Tesla's Model 3 has'mass appeal' but that doesn't mean you can afford it 29 Jul 2017 11:05am 5 minutes to read Tesla Model 3

An initial batch of the "Model 3" cars that rolled out of the Tesla plant in Fremont, California late Friday were given to customers, most of whom were employees of the company.

Tesla already sells "S" and "X" model electric cars, but with a starting price of $80,000 they have been seen as wheels for the wealthy.

Tesla's share price has surged 54 per cent since January in anticipation of the Model 3 launch, and Tesla's pricey valuation now exceeds that of traditional rivals like General Motors Co and Ford Motor Co.

310 miles range for under $45,000 doesn't sound too bad, but once you start adding on options, the Model 3 can get pricey really fast.

There are more than 500,000 customers on the Model 3 waiting list, according to Musk, and he urged reservation holders to be patient as the automaker prepares to begin deliveries.

Hundreds of Tesla workers and fans whooped as Musk announced the arrival of what he called the world's first "great, affordable electric vehicle that's better than a gasoline auto".

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Along with the increase in Model 3 cars, Tesla will also increase the 10,000 supercharging stations by the end of 2017 and up those to 15,000 by the end of 2019 from the current 6,000.

He said the Model 3 would officially go on sale soon.

Success with the Model 3 could ease concerns about the ability of Tesla to grow significantly.

For Tesla, everything is riding on the Model 3. Yet one can not simply ignore the care which goes into the car's overall presentation - consisting of user experience, the interface, interiors, and the overall design.

"We're going to go through six months of production hell". The Enhanced Autopilot package with the Model 3 costs $5,000, as it now does for Tesla's other cars, and full autonomy will eventually cost another $3,000, when (or if) that ability is viable and deemed legal.

The Model 3 represents the most important step so far in the short history of Tesla, as the young electric auto company seeks to make the move from a niche, high-end product to the first mass-market electric-only vehicle.

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Musk described how the company went through "production hell" to deliver its first three models. A long-range battery that allows for up to 310 miles of travel on a single charge and a top speed of 140 mph will cost an extra $9,000.

The first run of Model 3s to go on sale will feature a standard battery pack that can drive for 220 miles on a single charge and is capable of going from 0 to 60 mph in 5.6 seconds. For comparison, Tesla produced less than less 84,000 vehicles during the whole of 2016.

The five-seat Model 3 starts from $35,000 in America, and is likely to cost £35,000 in the United Kingdom, when prices are announced.

Like its predecessors, the Model 3 is fully electric and on-board computers can handle driving tasks.

A big question for Tesla is whether it can ramp up production to meet demand and whether rivals will cut into the electric vehicle market.

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