Newly unveiled Tesla Model 3 achieves 250,000 units bookings since launch

Tesla Model 3 Tesla Model 3 is a premium sedan that boasts real world range, performance and spaciousness, yet remains an affordable electric model at a listed price of USD35,000. Model 3 achieves 346 kilometers (215 miles) of range per charge.

Tesla’s Model 3 is a vehicle that would be expected to keep the company afloat, since the company posted a net loss of close to $890 million last year and had spent approximately 720 million on Research and Development over the period.

Tesla Model 3 is designed to attain the highest safety ratings in every category, with Supercharging capability. The electric car can perform a 0 – 100 km sprint in about 6 seconds. Obviously as a sedan, it seats 5 adults without an issue.

Having been introduced on 31 March, the Tesla Model 3 has accumulated some 250,000 units, thanks to an average price tag of $42,000. The basic model will start at $35,000 and have a range of at least 215 miles (346km) per charge.

The Model 3 takes up from the previous Model S and Model X, the two models that didn’t hit sales objectives. The two models, therefore, are put aside as Tesla put all its efforts and focus on the new Model 3, which is an affordable electric car. Tesla hopes that this high-volume vehicle is going to prove to become a hit with the U.S. market and selected global markets, and eventually turn the company around into a fully-fledged auto company. The goal is to be successful in the long-term rather than one that pumps out a few cool cars and then goes bust, as other electric car start-ups.

Tesla delivered 50,580 vehicles last year. Most of those were its Model S saloon, which overtook Nissan’s Leaf to become the world’s best selling pure-electric vehicle.

The first deliveries of the Tesla Model 3 are scheduled to start in late 2017, and it can be ordered in advance in dozens of countries, including the UK, Ireland, Brazil, India, China and New Zealand.

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