Tesla unveils new Model 3 with more affordable price

This undated photo provided by Tesla Motors shows the Model 3 car. The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one. At a starting price of $35,000 — before federal and state government incentives — the Model 3 is less than half the cost of Tesla's previous models. (Tesla Motors via AP)

LOS ANGELES (AP) — Tesla Motors says buyers reserved more than 115,000 Model 3 sedans on Thursday, the first day orders were taken.

With a starting price of $35,000, the Model 3 is the lowest-priced car Tesla has ever made. It’s scheduled to go on sale at the end of 2017.

Tesla CEO Elon Musk introduced prototype versions of the car Thursday night at the company’s Los Angeles design studio.

It has a panoramic glass roof and semi-autonomous features like automatic lane changing and lane-keeping. Musk says it will go at least 215 miles on an electric charge.

To support Model 3 sales, Musk says Tesla plans to double the number of stores it has worldwide to 441 by the end of next year. It also plans to double its fast-charging stations to 7,200.

KRON’s Jeff Bush will have a live report at 11 p.m. on KRON.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s