It’s the moment we have all been waiting for – Tesla is about to unveil the much anticipated Model 3, its most affordable electric vehicle to date. The automaker is expected to release details of the $35,000 car on March 31, 2016, ahead of the vehicle’s market debut in 2017. The Model 3 will appeal to a much larger audience with its 200+ mile driving range and more attainable price tag.
In its recent earnings release, Tesla announced it is still on target to release the Model 3 in late 2017 with a target price around $35,000 before the available tax incentives. If Tesla does manage to hit the $35k target price, that means that the Model 3’s price could drop to around $25k after the available federal and state tax incentives. While the $35,000 base model will make the Model 3 incredibly appealing to electric car buyers, Elon Musk has confirmed the initial production models will be “relatively highly optioned versions of the car.”
While Tesla is hoping to put the Model 3 in production sometime next year, the automaker has had launch difficulties with the Model S and Model X, which may mean it could miss its production target with the Model 3 as well.
All images @ Tesla