Tesla unveils its Model 3 sedan as pre-orders top 198,000

Tesla Motors CEO Elon Musk said Friday that “pre-orders” for the Model 3 electric car had hit 198,000, an encouraging sign a day after the novel vehicle aimed at a mass market was unveiled here to an enthusiastic crowd. The Model 3 drove onto a stage through a curtain of fog at a lavish ceremony in a converted hangar adjoining the SpaceX factory in this Los Angeles suburb. Tesla CEO Musk vowed that the car will seat five, hit the highest safety marks and have a range of at least 215 miles a charge. While its…

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Start Your Chargers: Tesla Model 3 Pre-Orders Begin March 31

Tesla’s entry-level $35,000 Model 3 electric car will be available for pre-order on March 31, chief executive Elon Musk announced Thursday on Twitter. The tweets by the billionaire followed a note in the company’s earnings release on Wednesday that the Model 3 is on schedule for deliveries in late 2017. Tesla plans to begin installing production machinery this year. In his tweets, Musk said consumers could begin pre-orders next month with a $1,000 deposit. He also confirmed the rumored $35,000 price tag. The Model 3 is Tesla’s entry-level offering, whereas…

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