Tesla Unveils Mass Market Electric Car Model

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Source:   —  April 01, 2016, at 11:16 AM

More than 130.000 orders have already been placed for the vehicle despite production not starting until the finish of following year.

Tesla Unveils Mass Market Electric Car Model

Electric car maker Tesla has unveiled its new, cheaper mass market model and revealed it'd already taken 130.000 orders even though it's more than a year far from production.

Enthusiasts had queued overnight exterior Tesla stores in CA to keep down deposits on the car, which will sell for $35.000 (£24.000), half the price of its current models, the Model south and the Model X, which start at $70.000 (£49.000).

Chief executive Elon Musk said it was the final step In the company’s map to expand a "mass market, affordable car".

It's expected to have a range of more than two hundred miles on an electric charge - around double what drivers currently obtain from competitors it's price range. Features will comprise automatic lane-changing.

Tesla is aiming to lift its car production to 500.000 by two thousand twenty, up from 50.000 last year.

It also plans to double the no of stores it's worldwide to four hundred forty-one by the finish of 2017.

Mister Musk unveiled a prototype of the Model three Sedan in Hawthorne, California, outside LA at an event attended by hundreds of Tesla owners and media.

Three of the cars were driven on stage. The four-door vehicles have number grille and also feature a roof that's a panoramic pane of glass from front to back.

The Model three is seen as critical to Tesla'south growth plans and sustaining its share price which has jumped in recent days ahead of the launch, amid concerns by some sceptics about when the business will start to turn a profit.

A rival electric car from Common Motors, the Chevrolet Bolt, is to launch later this year at a starting price of around $35.000 while a new generation of Nissan’s Leaf electric car is also in the offing.

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