Tesla reveals its $35000 car for the masses

The Model 3 will come with the firm's trademark AutoPilot self-driving features, and Musk said Tesla's development of electric cars was "very important to accelerate the transition to sustainable transport".

During the launch event in California, Elon Musk, Tesla's founder confirmed that the firm had taken 115,000 pre-orders for the vehicle within the first 24 hours. The Model 3 offers two storage compartments in the front and rear areas, and can comfortably fit up to five adults.

Like the larger Model S, the Model 3 has a trunk and a "frunk", meaning there are large storage areas at both ends of the auto.

The cars powertrain comes fitted with a total of 7,200 Superchargers, double the number available today, which can propel the vehicle to from 0-60 miles per hour (0-96km) in less than 6 seconds. "It could be the vehicle that finally makes electrics mainstream - or consumers could continue to be skeptical that electrics will work for everyday use".

The Tesla Motors Model 3 has been revealed. He said that the auto will deliver at least 215 miles of range beginning at just $35,000 and emphasized that deliveries will begin by the end of 2017.

Tesla's enormous new Nevada Gigafactory should also be able to produce more than enough lithium ion batteries to meet demand. Pre-orders of the Tesla Model 3 are now open for Indian customers. If you have not seen the 20 minute Model 3 unveil video, I recommend you do.

As for surprising features, the Tesla Model 3 also doesn't fail. The Gigafactory is key to allowing Tesla to meet its planned production of 500,000 cars a year out of its Fremont, Calif., assembly plant. Unlike the other Tesla cars (or other electric cars for that matter), the Model 3 sports a smooth, flowing design. Musk, however, affirmed his confidence in Tesla's ability to start the first set of deliveries of the new vehicle by 2017.

Thus far, the company has more than 130,000 preorders.

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