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Tesla Reveals Affordable Model 3 EV

Tesla Reveals Affordable Model 3 EV

By Philly Murtha, April 01, 2016

Last night, visionary Elon Musk, CEO of Tesla Motors, held a press event at the automaker’s design studio near Los Angeles to unveil the new “affordable” Model 3 electric car that will launch in late 2017 at a starting price of $35,000—one-third the sticker price of the premium Model S. The announcement created so much excitement that more than 115,000 consumers reserved the car with a $1,000 deposit in the first 24 hours when the order banks were open.

Model 3, the fourth Tesla eco-friendly model, will seat 5 adults when it launches and will be available in rear-wheel (RWD) or all-wheel drive (AWD). The new electric car will include two trunks in the front and rear like its higher-end sibling, the Model S. The cabin is large enough to stow a 7-ft. long surfboard, according to Musk. Tesla’s CEO also said that the new electric car has been engineered to earn 5-star safety ratings across the board and that the new Model 3 will come with all of the automaker’s “Autopilot” safety features as standard equipment.

2018 Tesla Model 3 front quarter photoMusk said the Model 3 will have a driving range of at least 215 miles before requiring a recharge. Performance won’t be sacrificed with affordability as the Model 3 will accelerate from 0-60 mph in less than 6 seconds, Musk said. Like the Model S, the Model 3 will have connectors so it can be charged in as little as 30 minutes through Tesla’s network of 613 Supercharger stations, with more than 3,500 Superchargers that are located along well-traveled highways and in U.S. city centers. By the time the Model 3 launches, the number of superchargers will have doubled, Musk said.

Interested consumers can go to TeslaMotors.com or visit one of the 200+ Tesla stores to personally make a reservation. Musk said that there will be more opportunities to shop for a Tesla Model 3 with retail locations expanding to 441 outlets globally. The Model 3 is the next element in developing the company’s “Master Plan” to advance sustainable transportation and lower CO2 emissions.

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