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Tesla Begins to Deliver Model 3 to Early Buyers

30 July 2017, 12:11 | Cedric Leonard

BUSINESS Tesla's Model 3 has'mass appeal' but that doesn't mean you can afford it 29 Jul 2017 11:05am 5 minutes to read Tesla Model 3

BUSINESS Tesla's Model 3 has'mass appeal' but that doesn't mean you can afford it 29 Jul 2017 11:05am 5 minutes to read Tesla Model 3

Tesla has revealed that its premium Model 3 will cost $44,000 before tax rebates, a $9,000 increase over its $35,000 base price. CEO Elon Musk said on Friday, July 28 that the Model 3 had racked up to more than 500,000 reservations - $1,000 apiece. As Bloomberg notes, Musk has hinted that some of the most exciting self-driving features, like automatic lane changing, would be available around the time that the Model 3 was ready for launch (aka now). "A troubled Model 3 launch could heighten the risks for the company, while a steady delivery of Model 3s could generate a stream of cash that would allow Tesla to avoid going again to the capital markets to fund its operations". That is still cheaper than the base price of the Model S and Model X.

Now with the Model 3, which starts at $35,000, Tesla is releasing a vehicle that could truly move the needle on electric auto adoption, according to Tesla founder and CEO Elon Musk. Only 30 customers will receive the first lot of cars from the production house. The compact Model 3 may not entice a global market that's increasingly shifting to SUVs, including all-electric SUVs from Audi and others going on sale soon. The stage was set, on the black floor with red curtains and a grey background with a white Tesla logo there was Elon Musk standing and welcoming the crowd, media and Tesla employees as his ambitious project turned reality. One of the best Model 3 estimators online is Troy's Model 3 Estimator, created by Redditor Teslike (TeslaMotorsClub member Troy.) You can access the estimator, which is a Google Doc, here. "Frankly, we're going to be in production hell", he laughs. "For at least 6 months, maybe longer", Musk said.

Tesla is looking to ramp up production quickly between now and the end of 2017, with 5,000 vehicles rolling off the assembly each week by December.

While Tesla is producing vehicles "as fast as we can", thousands of Model 3 parts come from all over the world and a single issue with a single part creates manufacturing delays, Musk said.

Recharging the battery via Tesla's high-speed superchargers will add 130 miles of range in 30 minutes.

Base Model 3 cars will have a 0-to-60-mph acceleration time of 5.6 seconds, the company said, and a top speed of 130 miles per hour. These options haven't yet been confirmed by the company and we'll likely have to wait until Tesla actually releases its order sheets before knowing exactly what sorts of bells and whistles the Model 3s will offer. But that may be easier said than done because about half a million cars have been reserved.

Tesla faces major hurdles in manufacturing, though, with the 500,000 vehicles projected for production next year - an increase of almost six times Tesla's 2016 production.

Musk claims the company will be in "hell" at the start of production to meet the car's not insignificant global demand.

The interior is extremely simple, with a single 15-inch touchscreen sitting proud of the dash that includes virtually all of the car's operating controls aside from the pedals and a couple of buttons on the steering wheel.

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