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Elon Musk tweets pictures of first mass-market Tesla Model 3 unit

It's a landmark in the move towards electrification of automobiles with new tech

Malavika Velayanikal | Tech in Asia 

Tesla Model 3: Elon Musk tweets pictures
Tesla Model 3: Elon Musk tweets pictures

has just tweeted pictures of the first production unit of the Model 3 which rolled out from its Fremont, USA, factory. It’s a landmark because the $35,000 long-range electric car is the first from aimed at the mainstream market – the Model X and Model S are priced three times higher.

The Model 3, therefore, could determine the viability of the company as an auto maker.

“If can satisfy the Model 3’s pent-up demand with a dependable and profitable vehicle it will finally justify a stock value that has it rivaling GM in capital value. If it can’t, will confirm many critic’s suspicions that it’s never had a truly sustainable business model,” Karl Brauer of Kelley Blue Book told The Verge. shares bounced back partially on Friday after tumbling earlier in the week.


It’s also a landmark in the move towards electrification of automobiles with new tech. Analysts predict that more than half of all vehicles sold in 2040 will be electric. has caught the world’s imagination in pushing the boundaries on battery-powered vehicles, but traditional automakers are also getting into the act.

Elon Musk tweets pictures of first mass-market Tesla Model 3 unit
Early last week, tweeted that the Model 3 had all regulatory requirements for production two weeks ahead of schedule and the handover party for the first 30 customers will be held on July 28. Going by the production schedule, 100 units of Model 3 would be out by August and 1,500 units by September, he said. He also revealed an ambitious goal of “20,000 Model 3 cars per month” by December.

This is an excerpt from the article published on Tech In Asia. You can read the full article here

First Published: Mon, July 10 2017. 12:24 IST
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