On March 31st, Tesla’s CEO Elon Musk was on hand in Hawthorne, California, to unveil the newest model in their lineup, the Tesla Model 3. And, if the initial response from the discerning public is any indication of the future of the auto industry, Tesla just set the new standard.
The Tesla Model 3 has an entry-level price right around $35,000 and has seating for 5 adults. It boasts an astounding 0-60 mile-per-hour acceleration time of six seconds and has five-star safety ratings across all categories.
Above and beyond the numbers is a simple fact – the Tesla Model 3 is damn sexy. The four-door sedan has a long, sloping glass roof and back window that look very Porsche-like. The front of the car is smooth and sleek with no need for grille louvers. The Model 3’s lights, door handles, and exterior trim are angular, sharp, and aggressive, leaving no question about the car’s innate ability to take care of business on the road.
Inside the Model 3, you’ll be able to get a well-equipped base model or upgrade to more luxurious options. It’s reported that the first Model 3’s to roll off the line will likely sell for somewhere in the vicinity of $55-60,000 which will no doubt be stocked with higher level options and conveniences including a bigger battery pack for a longer driving range.
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Within twelve short hours after Tesla’s Model 3 unveil, the electric car company’s pre-orders have climbed to a staggering 150,000. That means 150,000 people have put a deposit of $1,000 on their very own Tesla Model 3. The car maker’s CEO, Elon Musk says he’s “fairly confident” the Model 3 will be released to its eagerly awaiting buyers by late 2017.
One of the factors for those waiting in line for a Model 3 is the federal tax credit of $7,500 for those who buy an electric vehicle. Once the tax credit is factored in, base Model 3’s comes in well under $30,000 making the initial purchase price much more attainable for the general public. That federal tax credit will disappear once sales of the Model 3 hit 200,000.
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