We're here at the Tesla Design Studio in Los Angeles, where Elon Musk just unveiled his startup's third vehicle: an SUV it calls the Model X. It's party piece is a pair of double-hinged "Falcon Wing" rear doors which apparently make loading people and things easier, as you reach into the car not over it.
With Tesla having delivered more than 50,000 cars in 2015, reaching roughly a quarter million cars would see production increase fivefold by 2020. That means even with Jonas' conservative projection, the Model 3 will play a very substantial role in the company's future.The Model 3 will likely serve as a basis for several body styles.
Tesla will reveal its next vehicle, the mass-market, $35,000 Model 3, in March. The startup carmaker will only be showing us the sedan version, but last year CTO JB Straubel said the Model 3 will actually be a platform upon which a family of vehicles can be built.
Pre-orders of the Model 3 started today all over the globe. Potential customers lined up at Tesla dealerships and placed $1,000 deposits for a car ( limit two per person ) they might not take delivery of until 2018.
The Tesla Model X was the most eagerly anticipated new-car debut of 2015 — and maybe of the entire decade. This was the vehicle that would transformElon Musk's startup from the company making one car in one California factory into the first American car company to come along since Chrysler. Or just a company making ... two cars in one factory in California.
When Tesla was founded 13 years ago, its ambitions were never to be just a one-hit wonder. The electric car maker has always dreamed big, especially since CEO Elon Musk arrived and took over in 2008. What started with the peppy Roadster in 2006 evolved to include the luxurious Model S sedan, which hit the streets in 2012, and the Model X SUV, a 2015 arrival.
It's also quite clear that nearly all car buyers are completely uninterested in electric cars. There are critical reasons for this, not the least of which is that EVs require some home-infrastructure investment to be practical: fast-charging stations in garages mean you don't have to plug into a wall socket and wait 12 hours to re-juice your ride. But that requires a garage.
What could well be Tesla 's most important car, the Model 3, will be revealed on March 31 in Los Angeles, the company has said today. The electric car manufacturer sent out invites to press this afternoon, confirming the announcement date that had been revealed last month as part of the company's financials. It's an opportunity to see Tesla's vision of affordable electric motoring.
One of the cooler features for the Tesla Model X SUV that was announced when the vehicle launched last year is " Bioweapon Defense Mode ." Effectively, this turns cabin air filtration up to 11, according to Tesla.
To say the Tesla Model 3 has been hotly anticipated is an understatement, and last night's unveiling in Los Angeles reached Apple-levels of excitement. CEO Elon Musk is still playing many of the details close to his chest, but after taking a brief ride in one of the latest prototypes, I do know a little more about the $35k electric car that could give the auto industry a serious shake-up.
Shares of electric car maker Tesla aresurging Fridaymorning. The stockis up more than 7% in pre-market trading after CEO Elon Musk unveiled the prototype of the company's new Model 3 in a ceremony last night in Los Angeles. At the ceremony, Musk announced that the company has taken more than 115,000 pre-orders in just 24 hours for the car that's slated to reach customers by the end of 2017.
If Tesla is the Apple of the auto industry, then today's big reveal of the Model 3 is the equivalent of the iPhone 7 keynote. Elon Musk & Co.'s plans for an affordable electric car more suited to the needs - and bank balance - of the mass market have been ticking away in the background for some time now, but it's only today, at an event at its facility in Los Angeles, CA, that we'll get the first.
ased on the Model S P85D and the Model X launches last year, it's clearOnly within the realm of infotainment do mass-market cars meet their luxurious superiors in the automotive peeking order,Tesla will unveil its long-awaited, much-anticipated Model 3 mass-market vehicle in Los Angeles next week.
It hasn't even been 24 hours since we got our first glimpse of Tesla's $35,000 Model 3 electric vehicle , and the pre-orders are flying in. Despite, or possibly because of, a polarizing style and interesting cabin that ditches the usual gauges for a single flatscreen, CEO Elon Musk reports the vehicle has already notched 232,000 pre-orders.
You may have heard that Tesla is introducing a major new vehicle to its lineup on Thursday — the entry level Model 3. Much of the automotive world has been buzzing about the electric-car company's latest creation for one key reason — it's the first Tesla priced low enough to be considered a mass market vehicle. Buyers can expect a base sticker of about $35,000 for the Model 3.
This is it - the "mass market" electric car that Tesla has been promising and teasing since Elon Musk & Co. decided to shake up the auto industry. Undercutting the current Tesla line-up by tens of thousands, and opening the door to EV ownership with that coveted badge - and the promise of the rapidly-evolving technology behind it - to a whole new cohort of drivers, to say the Model 3 is.
By now you've likely heard that the latest Tesla vehicle, the Model 3 , has been in high demand almost immediately since its debut early this month . The first 24 hours saw more than 250,000 pre-orders, over double what Tesla CEO Elon Musk said they expected. Now, almost three weeks later, Musk has provided an updated number on pre-orders: nearly 400,000.
Tesla Motors fell as muchas 10% on Monday, adding to a slide that's brought the shares to their lowest level in two years. They arenow trading below $150 apiece, down about $90 from where they ended 2015. Investors are worried that production delays will put undue strain on the company's balance sheet. Morgan Stanley analyst Adam Jonas laid out his fears in a five-point note on Monday morning.
Tesla's big news today may have been the Model S refresh , but there's been a quiet shake-up in the Model X line, too, with a new entry-level car. The electric SUV now kicks off in the shape of the Model X 75D, an all-wheel drive truck with a 75 kWh battery. It replaces the previous Model X 70D , which Tesla Motors had announced was part of the line-up back in November 2015.