Tesla To Take Orders For Cheaper Car In March
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DETROIT (AP) - Tesla Motors says it will reveal its lower-cost Model 3 electric car in March and will start taking orders then.
In a tweet Wednesday, Tesla CEO Elon Musk says the car will start at $35,000, or about half the starting price of its current Model S sedan. Musk said the Model 3 will start production in about two years.
Musk also said deliveries of the Model X SUV — the company's third vehicle — will begin September 29. Tesla wouldn't reveal pricing details.
Musk said each trim level of the Model X will be around $5,000 more than the equivalent trim level of the Model S because of the SUV's greater size and complexity.
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