No longer will you have to spend anywhere between $75,000 to $150,000 for a Tesla. Come March 31st, Tesla Motors will finally reveal the highly anticipated bargain Tesla, the Tesla Model 3. This is the most important vehicle in Tesla’s lineup as it’s starting price is $35,000 before tax breaks, placing it firmly square against the $30,000 Chevrolet Bolt (which is AFTER tax breaks). Both vehicles are anticipated to have over 200 mile ranges, which is far superior than the available pure electric vehicles available right now, with the Nissan Leaf at 84-107 miles and the BMW i3 at 80 miles and 160 miles if equipped with the Range Extender.
The much lower price range puts the Model 3 squarely within the budget of your average car buyer. Coupled with the fantastic range, the Model 3 (and the Chevrolet Bolt, to be released in 2017) will bring the pure electric vehicle more to the mainstream, potentially bringing about the next oil crisis sooner than expected. The $35,000 price range will be profitable for Tesla Motors assuming effective economies of scale and the full battery production output at its Gigafactory, which it aims to “produce more lithium ion batteries annually than were produced worldwide in 2013.”
— Tesla Motors (@TeslaMotors) March 15, 2016
The silhouette of the Model 3 that’s been teased on Twitter, shows a slightly squatter and narrower build, falling in line with expectation of a small sports sedan proportions. There’s no telling of its side profile yet, and the Model 3 being showcased later this month is only a preproduction model, so we may get something totally different whenever it comes out. The March 31st unveiling event is currently only open for existing Tesla owners who enter a drawing online.
When the Model 3 does become available, we are SERIOUSLY hoping for a P90D or a P100D trim to be made available. Ludicrous mode in a smaller (and lighter?) car will make a 0-60 time of 2.8 seconds or under, devastating other cars in that price range. Sports car battles between the BMW M3, C63 AMG, and the Audi RS4 would suddenly become a minor league game, when the Tesla shows up around the corner.
We have driven the Tesla Model S before and we LOVED it. We will patiently wait until we can test drive the Model 3. Meanwhile in Tesla’s HQ, the rest of the family is making room for their newest addition