This Is the First Production Tesla Model 3

Tesla CEO Elon Musk unveils his latest possession the Model 3						
						Enterprise						Tech															By:				CIOL Writers

Besides offering the residential energy storage units known as the "Powerwall" to customers, Tesla is making much larger-scale energy storage systems known as "Powerpacks" for commercial businesses and the world's utilities.

For Musk, the Model 3 represents the apex of a vision he laid out in 2006. One historical issue with them is price.

The first production Model 3 is a black, all-electric four-door compact executive auto sedan.The Model 3 will have more color options, but Tesla is limiting these options as of now so as to ease the production process.

The regular Volkswagen Up is one of our favourite city cars, and this electric version is just as practical and good to drive; it feels nearly entirely uncompromised by its conversion to electric power. The change in price in Hong Kong effectively doubled the price of a Tesla; now, a Tesla Model S in Hong Kong costs $130,000-a far cry from its cost of below $75,000 with the previous tax breaks. Consumers should consider how they will use the auto and the average number of miles they'll be putting on it before purchasing an electric vehicle, Mooney said. The door handles, for example, look like the handles of any modern vehicle until you move closer and realize they lay flat against the sides of the auto, a design cue taken from the Model S and Model X. Tesla has a one year low of $178.19 and a one year high of $386.99.

This is of course a major milestone for the hundreds of thousands of Model 3 reservation holders - but it turns out this particular example is actually belonging to Musk. This vehicle only costs $35,000. The striking similarity between the Model S and Model 3 when viewed at a right angle has caught the attention of many. If this sort of trend continues -though it would not be halved each time as that is unsustainable-, their next iteration may very well be in the grasp of lower income households as well. SRS Capital Advisors Inc. increased its stake in Tesla by 1,213.3% in the first quarter.

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"A great PR and morale booster would be to have a lottery of factory workers who have reserved the model 3 and deliver their cars". This puts it in the range of mass-consumer cars.

This is not some weak motor barely capable of going 30 miles per hour. Despite being mass-market, the auto is fast and accelerates from zero to 60 miles within six seconds. It can seat 5 people comfortably. One of those additions, an advanced cruise-control technology marketed as Autopilot, seemed to promise drivers a taste of a future where vehicles can drive themselves.

"You will not be able to buy a better auto for $35,000, even with no options", he said at the time.

The popularity and hype around this vehicle does mean any new buyers will have to wait though. Ehrenpreis will have the second vehicle off the line for himself instead, but although both cars will be significant due to their chassis numbers, they certainly won't be rare cars once production is ramped up to where Tesla intends it to be.