Electric Cars Tesla’s Elon Musk sets March 2016 for affordable new electric car pre-orders debut at $35,000
Electric Cars Tesla CEO Elon Musk announced via Twitter Wednesday, September 3, 2015, that the Model 3, Tesla’s mass marketed electric car will be unveiled next March 2016 with a competitive price of approximately $35,000.
He says the Model 3, “our smaller and lower cost sedan,” will start production in two years. He says it can’t be built until the company’s giant battery Gigafactory, as Tesla calls it, is ready. Musk has said that the car needs lower-cost batteries in order for the cost to be feasible around the $35,000 price point. The Model 3 the smaller and lower cost electric car Tesla will use the lower – cost batteries. Pre-orders will begin in March 2016.
Also on Twitter, Musk also sought to dispel reports that the Model X electric luxury crossover, Tesla’s latest vehicle, could be overly pricey. He says the Model X will be priced $5,000 more than the current Model S sedan “due to greater size and body complexity.”
Musk says the Model X “Signature Series,” the first version being offered to those who placed early reservations, is priced high because it’s loaded with all the options. Reports put the price at $132,000, making the crossover with its distinctive “falcon doors” over the second row one of the pricest crossovers out there.
