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posted by cmn32480 on Friday September 04 2015, @09:13AM   Printer-friendly
from the a-silent-vroom dept.

Tesla CEO Elon Musk has announced that his company's "mass market sedan", the Model 3, can be pre-ordered in March 2016 for $35,000. The cars will not be available until 2017 at the earliest. From CNBC:

What's taking so long, you ask? Right now, the batteries that would power the Model 3 would cost about as much as the car is slated to. Tesla is building an enormous lithium-ion battery manufacturing facility in Nevada to make its own batteries for far less money — the "Gigafactory" mentioned in Musk's tweet.

Not much more can be revealed about the Model 3 except that, as Musk mentioned cryptically during a Q&A session on Reddit, "It won't look like other cars." What does that mean, exactly? We'll find out in March.

In the meantime, you can order yourself a new Model X — if you have the cash. The entry level model will cost around $5,000 more than a Model S with the same options, Musk wrote in yet another tweet — though you can easily spend well into the six figure range for the "Signature" high-end series.

Tesla customers will begin receiving their Model X "all-electric SUVs" beginning on Sept. 29.


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  • (Score: 2, Interesting) by WalksOnDirt on Saturday September 05 2015, @12:54AM

    by WalksOnDirt (5854) on Saturday September 05 2015, @12:54AM (#232474) Journal

    The battery pack for the Model S has already gone down from $12,000 to around $8,500,

    The last news I have heard is that the battery cost is one quarter the selling price. That would put the 85 kWh battery at about $25,000. It might be a little less now, but not less than $20,000. This is why they need a new battery factory.

    It's been estimated in a very thorough analysis written by one Randy Carlson on SeekingAlpha.com...

    He's an insane optimist.

    ...the base Model 3 will get about 220 miles of range from a 44kWh battery pack (smaller, lighter vehicle).

    I expect it to take around 50 kWh to get that range. The weight of the vehicle has little to do with the highway range.

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