Tesla's Model 3 is Here - But Elon Musk Predicts Short-term "Hell"

Tesla's Model 3 is Here - But Elon Musk Predicts Short-term

Tesla's Model 3 is Here - But Elon Musk Predicts Short-term "Hell"

What we do know, thanks first to a leaked internal company document but which has since been confirmed by the company, is that the Model 3 will offer a 5.6 second 0-60 time, 130MPH tops speed, 220 mile range, space for 5 adults, and 15 cubic feet of cargo storage. Some analysts believe that the average Model 3 will be in the mid-$40k range with the price going into the $60k range for a fully loaded version. Musk explained that its production includes the same sensor hardware as the Model S and Model X, despite other features and design elements being pared back considerably to help increase manufacturing efficiencies.

Tesla founder and chief Elon Musk proclaimed it a great day for the company, saying the goal was to make a terrific electric vehicle "that everyone can buy". "If you're trying to make a difference in the world, you also need to make cars people can afford".

The first batch of cars all went to Tesla employees, who will keep an eye out for any bugs or glitches that could mar the $35,000 sedan's rollout over the coming months. 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.

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One of the events that stunned the people all across the globe was the launch event of new Tesla 3 vehicle. Unlike the Model S and Model X, the tablet in the Model 3 is horizontal.

"Everything was focused on how we could move this through the assembly line faster and more efficient with great quality", said Doug Field who leads the Tesla vehicle programs. Musk told Business Insider that the company has learned from the challenge of rolling out previous vehicles and designed the Model 3 to be as minimalistic and easy to build as possible.

"We're going to go through six months of production hell". For another $3,000, the Model 3 will be ready for "full self-driving capability", an option that will become available in the future and makes the auto "capable of conducting trips with no action required by the person in the driver's seat", the company said. By the end of August, he expects Tesla to have another 100 units ready.

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The announcement was made by CEO Elon Musk at tonight's highly exclusive Tesla Model 3 Delivery event. But Musk was more specific on Friday night, when the company made its first deliveries of the new auto. The long-range version goes from 0-60 miles per hour (96.5 kph) in 5.1 seconds and has a top speed of 140 miles per hour (225 kph).

The five-seat Model 3 starts from $35,000 in America, and is likely to cost £35,000 in the United Kingdom, when prices are announced.

Abuelsamid said even if it doesn't meet its ambitious targets, Tesla has done more than anyone to promote electric vehicles. The progress he's made thus far in executing that vision has catapulted his company's market capitalization past carmakers that have been around more than a century, including Ford Motor Co. and General Motors Co.

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