First Tesla Model 3 rolls off production line ... into the hands of Elon Musk | Technology
The first of Teslaâs highly anticipated lower-cost electric cars, the Model 3, has rolled off the production line to its new owner, Tesla chief executive Elon Musk.
The one-man marketing machine, who also took on a large, high-profile battery project in Australia and a runs a privateer space company Space X, shared a couple of photos of the Model 3.
The Model 3 will cost $35,000 in the US, less than half the cost of its Model S saloon car, and can travel 215 miles on a single electric charge, but will be available for as little as $27,500 with a $7,500 federal tax credit for electric vehicles.
The design matches that of a pre-production car that was on display in front of the Tesla Gigafactory in Sparks, Nevada in July last year.
Tesla will hold a party to hand over the first 30 Model 3s to US customers on 28 July, much like it has done for launches of the Model S and Model X in the past, including the launch of the Model S in London in June 2014.
Tesla expects to produce 100 cars in August and more than 1,500 in September, according to Musk. A European launch is expected at a later date, although Tesla estimates delivery of vehicles for new reservations taking a year or longer.
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