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Tesla Delivers First Model 3s, Confirms Details

Tesla Delivers First Model 3s, Confirms Details

In several Twitter posts earlier this month, Musk said the California-based company will produce 100 cars in August and more than 1,500 in September. The standard vehicle sells for $35K and has a 0 to 60 miles per hour time of 5.6 seconds. The upshot of that is Model 3. And regarding demand, Musk said that while the number of reservations is a false indicator when it comes to measuring true demand (since Tesla does "everything we can to unsell the car"), it's now sitting at over half a million advance reservations in place.

The standard color will be black.

The $35k pricing is applicable only for the standard auto while Long Range model will be priced slightly higher because of the components used in it and the increase mile range it provides.

The Model 3 is equipped with eight cameras, forward radar and twelve ultrasonic sensors that assist the vehicle in avoiding collisions and performing automatic emergency braking. That includes $3,000 for "full self-driving capability", which Tesla promises sometime in the future. He pointed out the Model 3's glass roof, which is meant to give the Model 3 a more spacious feel. That display includes Global Positioning System mapping and the speedometer.

But one key aspect stuck out from the brief presentation: The revered, "more-affordable Tesla" isn't exactly coming out at the price point we've been hearing about for months. There is also a $7,500 federal income tax credit. If those reservations become actual sales, the Model 3 will be among the best-selling vehicles in the United States. This will be the first time many Tesla workers will be able to afford a Tesla.

Unlike the Model S sedan, which hit the market in 2012, and the Model X SUV, launched in 2015, the Model 3 will face substantial competition. Deliveries to that broader public are scheduled to start in the fall of 2017.

Meetings on eve of Parliament session
A beaming and pepped up Mr Modi later mingled freely with Opposition leaders in Lok Sabha. A total of 18 bills has been listed for passage in the Lok Sabha and the Rajya Sabha.


Potential customers could lose faith if Tesla doesn't meet its aggressive production schedule, or if the cars have quality problems that strain Tesla's small service network.

"Frankly, we're going to be in production hell", he told a crowd of Tesla employees. "As the saying goes, if you're going through Hell, keep going!" Currently, Musk said Tesla can make an estimated 250,000 Model 3 cars in the same space it takes to make 50,000 Model S cars, with the simplified process speeding up the manufacturing process, according to TechCrunch. The company, which built just under 84,000 cars a year ago, plans to make 500,000 in 2018 and 1 million in 2020.

"Tesla has burned through over $2 billion in cash so far this year ahead of the launch", Reuters reported. Tonight Tesla is going to deliver the first 30 Model 3 cars at a launch party tonight.

"You won't really need to look at an instrument panel all that often", Musk said during the Model 3 launching event. At $35,000 for the base model, the Model 3 is significantly cheaper than the Model S or the Model X, both of which were priced in the vicinity of $80,000 and $140,000 respectively. Musk said more than 500,000 people have put down a $1,000 deposit for the auto.

"We learned a significant amount of lessons with 3", he said.

For drivers outside of the US who need right hand driver cars, those are going to take longer.


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