New Tesla Model 3 Will Cost $35,000
PALO ALTO (CBS/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.
Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.
— Elon Musk (@elonmusk) September 2, 2015
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Musk also said deliveries of the Model X SUV -- the company's third vehicle -- will begin Sept. 29. Online configurations list it between $132,000 and $143,700 depending on the options.
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.
With same options, Model X is $5k more than an S due to greater size & body complexity. Sig Series is fully loaded, hence high price.
— Elon Musk (@elonmusk) September 2, 2015
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Travel down the Model S production line https://t.co/xkNg24NVLR
— Tesla Motors (@TeslaMotors) August 13, 2015
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