Tesla Model three'south Key Features That Could Assistance It Crack Into the Mass Market

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Source:   —  April 01, 2016, at 9:06 PM

Even before Elon Musk, CEO of Tesla Motors, showed off the mid-sized sedan Thursday night, more than 115.000 pre-orders -- carrying with them a $1.000 deposit -- were placed for the new vehicle.

Tesla Model three'south Key Features That Could Assistance It Crack Into the Mass Market

Tesla'south lower-priced Model three sedan is the car that could assistance the company turn the corner and become a key player in the burgeoning market for mid-priced electric vehicles, according to industry experts.

Even before Elon Musk, CEO of Tesla Motors, showed off the mid-sized sedan Thursday night, more than 115.000 pre-orders -- carrying with them a $1.000 deposit -- were placed for the new vehicle. During the unveiling interior a SpaceX hangar in Hawthorne, California, a ticker showed in real-time how many more orders were being placed by people anxious to be among the first to drive the $35.000 Model three.

"This is a critical vehicle for Tesla, much more critical vehicle than any vehicle that's arrive before," Jack Nerad, executive editorial director at Kelley Blue Book, told ABC News. "This is their effort to become more than a niche. A lot is riding on this."

The first challenge will be delivering vehicles on time. Musk said he feels "confident" the company will meet its goal of delivering the first Model three vehicles in late two thousand seventeen.

"The electric vehicle market is getting more and more crowded and as the months go by, there will be more contest from major manufacturers, so time is of the essence," Nerad said. "I think based on their history, they're not well-known for precisely hitting the tag right on the money in terms of delivery, so I think there are some concerns about that and some of those pre-orders will fall far because of that"

On the design front, the Model three fits into the Tesla family with sleek lines and boasts a roof area with a continuous pane of glass, giving the five adults it can seat additional headroom and the feeling of having more space, Musk said.

The key metric many people were waiting for was range per charge. The Model Model three can go two hundred fifteen miles on a single charge, which is around what Nerad said he expected from the vehicle. Musk also committed to doubling the no of Tesla'south public charging stations from 3.600 to 7.200.

It also includes semi-autonomous driving features, including automatic lane changing and lane keeping, and can speed up from zero to sixty in less than six seconds, Musk said.

"You'll not be able to purchase a better car, any better car, for less than that," he said.

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