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Elon Musk spills new details about the most affordable Tesla ever

September 3rd, 2015 at 5:35 PM
Tesla Model 3 Price Release

Outspoken Tesla CEO Elon Musk took to Twitter on Wednesday to drop a few nuggets of information about the highly anticipated Model 3 and the soon-to-be-released Model X.

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As far as the Model 3 goes, Musk relayed that Tesla’s electric car for the masses will be formally unveiled in March of 2016, whereupon the company will begin taking pre-orders. And if pre-orders for the Model S and Model X are any indication, it’s a safe bet that the Tesla Model 3 — sized at about 80% of the Model S — is poised to be a runaway hit. The only looming question is whether or not Tesla’s Model 3 design resonates with consumers.

Price-wise, Musk reiterated a price point he’s trotted out before, namely that the base price on the Model 3 will check in at $35,000. As far as a release date is concerned, Musk said that production will begin in two years time. Musk explained that Tesla first has to wait until the Gigafactory is fully operational before kicking off Model 3 production.

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Moving our attention to the Model X, Tesla’s upcoming SUV was on the receiving end of some criticism this week after word spread that the base model Signature Series edition of the Model X starts at $132,000. Via Twitter, Musk clarified that Model X pricing, generally speaking, will only cost about $5,000 more than a corresponding Model S.

“With same options, Model X is $5k more than an S due to greater size & body complexity,” Musk explained. “Sig Series is fully loaded, hence high price.”

Musk also relayed that Tesla will hand over its first run of Model X SUVs to consumers with early pre-orders on September 29.

A life long Mac user and Apple enthusiast, Yoni Heisler has been writing about Apple and the tech industry at large for over 6 years. His writing has appeared in Edible Apple, Network World, MacLife, Macworld UK, and most recently, TUAW. When not writing about and analyzing the latest happenings with Apple, Yoni enjoys catching Improv shows in Chicago, playing soccer, and cultivating new TV show addictions, the most recent examples being The Walking Dead and Broad City.




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