$35,000 Tesla Model 3 is Finally Available, at Long Last

Muriel Colon
March 2, 2019

The majority, though, will be closed down, which CEO Elon Musk conceded would mean layoffs.

'Over the next few months, we will be winding down many of our stores, with a small number of stores in high-traffic locations remaining as galleries, showcases and Tesla information centers'.

The closures will help the company realize the goal of selling its Model 3 all-electric vehicles at a $35,000 price point, the letter said. In some states where Tesla has showrooms, such as Texas, final sales contracts are executed online as out-of-state transactions to skirt prohibitions.

With the more affordable price point finally reached, Tesla made another announcement: all auto sales will now happen online.

Musk also backed off of earlier guidance that the company would be profitable in all future quarters.

The long-awaited "entry-level" Tesla Model 3 has now gone on sale in the United States of America, with a U.S. $35,000 (£26,000) starting price and a 220-mile range - at the same time as the firm has moved all of its sales online only. A Model 3 owner could sell/trade it back to Tesla, or the owner can add their vehicle to the Tesla taxi fleet and share the revenue with Tesla.

Musk has been striving to lower the price of Tesla's Model 3 in order to appeal to more consumers and generate the sales the Silicon Valley company needs to survive.

It was no surprise that big news came out of Tesla today, with Elon Musk vague tweeting about a big announcement earlier in the week.

Last night, Tesla announced that it's finally making its much-awaited $35,000 Tesla 3 sedan available for purchase.

In a blog post, Tesla said a test drive was not needed because you can return a vehicle within seven days, or after driving 1,000 miles, and get a full refund.

Tesla stunned the automotive world after its reservations list for the promised $US35,000 Model 3 ballooned to over half a million orders in 2017.

What is the Model 3?

Tesla opened up the order books for the long-promised $35,000 version of its Model 3 on Thursday, almost three years after customers started placing the first reservations for the compact sedan.

Tesla's website on Thursday briefly halted online orders for its Model X, Model S and Model 3 vehicles.

Tesla also said that it's introducing a new version, called the "Model 3 Standard Range Plus", which will give an extra 20 miles of range and an additional 10 mph to the top speed.

"Electric vehicles now make up only about 2 per cent of global sales, and while we believe that number is likely to grow, we believe there is an education process that is crucial for new customers around charging, range, and other features that are unique to Tesla that will not be as readily available without the in-store experience".

Musk initially wrote that Tesla would produce 500,000 vehicles in 2019, a bold prediction given that the company only made 350,000 a year ago. The next step up is the existing Mid Range Model 3 with a 264-mile range and a $40,000 price tag.

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