Tesla Model 3 Unveiled on Thursday March 31,2016

Tesla Model 3 announced: release set for 2017, price starts at $35,000 

 

After ten years of waiting, Tesla has revealed the Model 3, the vehicle that CEO Elon Musk hopes will take the electric car to the masses.

At the unveiling of the Model 3 on Thursday March 31,2016 at the company's design studio in Hawthorne, California, Tesla CEO Elon Musk said the car will deliver at least 215 miles of range beginning at just $35,000 — that's a bold claim, and an important one for Tesla to meet. Musk is "fairly confident" that deliveries will begin by the end of 2017, and "you will not be able to buy a better car for $35,000, even with no options." And it will be one of the safest cars in the world, according to Musk

 

Right now, Tesla sells two vehicles: The Model S sedan, which starts at $71,000, and the Model X SUV, which starts around $80,000.

Model 3 has been Tesla's ultimate goal for a long time. The reserving price for India is the same - US$1,000 (INR 66,510).

The Model 3 is meant to be the company's first attempt at a people's auto.

One factor that may have convinced some people in the U.S.to place a Model 3 reservation is the federal tax credit of $7,500 for buying an electric vehicle.