Affordable Model 3 is Tesla’s biggest test yet
DETROIT The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one.
After Tesla unveiled its Model 3 recently at its Los Angeles design studio, long lines, reminiscent of the crowds at Apple stores for early models of the iPhone, were reported from Hong Kong to Austin, Texas, to Washington. As of April 7, Tesla Motors says worldwide orders for its new lower-priced Model 3 electric car have hit 325,000. CEO Elon Musk says on Twitter Thursday that the number is still rising.
Customers must put down $1,000 to order the cars, which start at $35,000 and have a range of 215 miles per charge. The deposits are refundable.
TESLA 3 PROMISE. At a starting price of $35,000 — before federal and state government incentives — the Model 3 is less than half the cost of Tesla’s previous models.