BUSINESS, Commerce

New Tesla Model 3 Electric Car

Gets Large Buy In From Customers

Tesla CEO Elon Musk has finally decided to go mass market with a new line of electric car and the public is not only loving, but lapping it up.

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Musk boasted recently at an event in California that the soon to be launched Model 3 will get a minimum range of 215 miles on a single charge, powered by advanced lithium-ion batteries.

Also, the Model 3 will be a four-door compact sedan design with a $35,000 sticker price and will be the lowest price car Tesla has produced.

Unveiling the design of the Model 3 for the first time, Musk showed off red, white and grey versions of the car onstage, all of them looking a bit like a compact version of the Model S.

It will accelerate from zero to 60 miles an hour in less than six seconds, Musk told the cheering crowd at the event in California.

Musk, alluded to the fact that the Model 3, price tag could go as low as $25,000 for early adopters through a combination of federal and state incentives.

Musk said that within the first 12 hours of accepting $1,000 down payments, more than 115,000 reserved a Model 3.

The new line of car is expected to go on sale in late 2017.

Yvad Billings, Readers Bureau, Fellow

Edited by Jesus Chan

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