Elon Musk details Tesla Model 3 pricing, range

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Elon Musk details Tesla Model 3 pricing, range

Tesla's handover ceremony of the Model 3 tonight was an affecting moment for CEO Elon Musk, whose casual authenticity has emerged as a distinct tech keynote style. At this rate, Tesla will take quite a while to get through the backlog of a couple hundred thousand orders. "We're building the cars as fast as we can", Musk said.

The more Model 3s there are in driveways, the more inclined other folks in the neighborhood will be to buy an EV themselves.

"Anywhere on Earth (where) there is electricity, you can charge your vehicle", Musk said.

The glitzy ceremony marked a milestone in Tesla's campaign to produce an electric vehicle targeted at a mass market, with a base price as low as $35,000. The vehicle comes in two battery types: standard and extended range.

It's finally official: the Tesla Model 3 will feature two battery options, one with 220 miles of range and a second with 310 miles of range. One variant of the vehicle is priced at $35,000 and covers 220 miles (350 km) on a single charge.

But while 30 lucky people got their cars today, many will have to wait at least a year. If you get the bigger battery you can also launch from 0-60 quicker, 5.1 seconds with the bigger battery as opposed to 5.6 with the smaller.

We had the opportunity to sample The Tesla Model 3 with a passenger ride in the company's demonstrator and we can confirm that performance should be very impressive indeed. "I put down a deposit on day one". That may build an insurmountable wall for the prospects of General Motor Co.'s (NYSE: GM) own affordable electric vehicle, the Chevy Bolt, which has nowhere near the brand power or visibility of the Tesla 3. The glass-roofed interior feels like a mini-atrium, and the touch screen is bright and intuitively laid out. The scrolling dials on the steering wheel move in all four directions and allow you to adjust everything from the side windows to the music playlist.

SIZE: The Model 3 is 184.8 inches (15.3 ft./4.3 meters) long and 72.8 inches (6 ft./1.8 meters) wide, which is similar in size to a BMW 3 Series. Chief Technology Officer JB Straubel was the battery architect behind the original Tesla Roadster. It has a better price tag of $35, 000 which is a lot less than earlier models "S" and "X".

"It's the best vehicle for its cost, either electric or gasoline", he said. And what if you ordered a auto today?

"It was never our goal to make expensive cars".

Musk claims the company will be in "hell" at the start of production to meet the car's not insignificant global demand. "That "S" portion is us going through hell, basically". Musk said Tesla made 50 Model 3's during the first month of production, with 20 held back for engineering validation and the rest going to the first 30 customers.

No button, no knobs, no gauges.

. Musk says Tesla expects to build around 5,000 Model 3s a week this year. 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. The much-anticipated show is over.

The Model 3's dashboard design embodies the high-tech minimalism seen in the rest of the Tesla range.

Here's what we learned about the release and delivery dates during the July 28 event.

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