Tesla Motors has finally become more forthcoming about the release of their highly anticipated Tesla Model 3 electric sedan. Elon Musk, Tesla CEO, has officially confirmed that initial unveiling of the vehicle will begin in March of this year. The company will begin accepting reservations in their physical stores on March 31 for the grand down payment of $1,000. Online reservations will open on April 1. This deposit price is much lower than that asked for the Model S and X previously, respectively at $2500 and $5000.
The Tesla Model 3 is the company's first affordable offering to the general public with a price tag projected to run right around $35,000 before incentives.
According to Ecumenical News, when questioned about photos of the electric automobile during a Q&A session at a Tesla event in Chambourcy, France, Musk kept an aura of mystery around his reply.
"The first pictures of the Model 3 will be end of March. I'm being a little coy here. We're not going to show everything about the Model 3 until a lot closer to production time."
It is anticipated that the Model 3 will be about 20 percent smaller than the Model S.
Happy Birthday to me! Confirmed: The $35,000 Tesla Model III Will Be Unveiled in March 2016 https://t.co/iuz6ZpvQ8c
— Dustin Meyer (@dustinmeyer) February 24, 2016
Tesla estimates that production for the Model 3 will begin in 2017, and final deliveries will be made around the middle of the year.
Some anticipated buyers took their disappointment to social media over the fact that no signature series has been presented for the automobile. Many were hoping to purchase it in the popular red/maroon color option often offered by the company on its vehicles.
As reported by The Motley Fool, Tesla CTO J.B. Straubel announced that the Tesla Model 3 will come loaded with "next generation" Tesla technology. He also mentioned that the vehicle will be similar in size to Audi's A4.
Some analysts are speculating that the "next generation" technology mentioned may involve the use of a new suite of cameras and sensors that will help to facilitate the vehicle's ability to function as a self-driving car. Others project that Straubel simply may have been referring to the fact that Tesla has mentioned in the past that the Model 3 will be built on a different platform from the Model S and Model X.
Tesla is hoping that the introduction of the Tesla Model 3 will boost its sales significantly, from roughly 80,000 to 90,000 in 2016 to a whopping 500,000 by 2020.
Tesla Motors is an American-based company that specializes in a combined technology of automotive design and energy storage. Tesla cars run on electrical energy. They are well known for their current three popular offerings: the Tesla Roadster (their first all-electric sports car), the Model S (an all-electric luxury sedan), and the Model X (their electric crossover).
According to Wikipedia, in 2015, the Model S became the world's best-selling plug-in electric vehicle. It held that position until December 2015 when it became second only to the Nissan Leaf.
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— The Tesla Channel (@TheTeslaChannel) February 28, 2016
Company CEO Elon Musk has stated that he eventually sees the company positioned as an independent automaker that will have the capability of offering electric cars that will be priced in such a manner that they will be affordable to the average consumer. It seems that this vision will begin its fruition in the production and sales of the new Tesla Model 3.
As news of the unveiling circulates, prospective buyers are already taking to the Internet to express their enthusiasm and excitement. If their comments hold any truth, Tesla continues to command its position as the industry leader in producing some of the most energy-efficient, technology-laden, and forward-moving vehicles in the world.
[Image via Asif Islam/Shutterstock.com ]
Source: Tesla Model 3: Company To Unveil Electric Car In March
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