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Transportation

Tesla To Unveil Its $35,000 Model 3 In March 2016 318

An anonymous reader with the news, as reported by Ars Technica, BGR, the WSJ, and more, that Tesla, in the course of the company's most recent earnings call, has announced plans to show off its much-anticipated Model 3 in March, 2016, and somewhat more tentative plans for actual availability; "late 2017" might be optimistic, but it's a start. You can listen to the whole earnings call here. Other bits gleaned from this call include a "late summer" planned delivery for the Model X SUV, and the fact that the PowerWall household battery is sold out until the middle of next year.
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Tesla To Unveil Its $35,000 Model 3 In March 2016

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  • by TWX ( 665546 ) on Thursday May 07, 2015 @12:12PM (#49640037)
    Maybe they need more factory capacity. I suggest adding 21% more to the Gigafactory...
    • Why? You want to go back in time to buy cheap Bitcoins?

  • by kheldan ( 1460303 ) on Thursday May 07, 2015 @12:27PM (#49640227) Journal
    Come up with a Tesla motorcycle and a Tesla light pickup truck, and then we'll have a conversation. Especially a motorcycle.
  • by WillAdams ( 45638 ) on Thursday May 07, 2015 @12:30PM (#49640251) Homepage

    Here's to hoping that they actually go into production:

    http://www.eliomotors.com/ [eliomotors.com]

  • Can't wait to see what this game-changer look like. If the car can live up to my expectation (including a drop in the price of battery pack), I'll certainly be more than interested.

    And also think the success of this new model 3 will be necessary if Tesla ever want to enter the major league. With they business model of prepaid and get your car later (closely similar to how aircraft maker operate), Tesla depend on a huge cash entry to be able to multiply their assembly line and manufacture an decent number of

  • by xeno ( 2667 ) on Thursday May 07, 2015 @12:42PM (#49640383)

    Ok, ok, I know Ford would sue the bejezus out of Tesla if they did it, but... I so hoped that after the Roadster ("Model R") and the Model S (...well...), the affordable car for the masses would be the Tesla Model T. Can they at least spell out "Three" on the nameplate, with a big capital "T"??? Please ?? :)

    • by danlip ( 737336 )

      Could they sue? My understanding is that trademarks are only valid as long as you are actively using them, and Ford hasn't made a Model T in decades.

  • Only difference is the guys camping out the day before release at the mall entrances are millionaires ;-)
    • When the iPhone first came out, it was revolutionary and we talked about it. Now, Apple is just a consumer electronics manufacturing company where their products last two to three years and then end up in the scrap heap. Electric cars are *huge*. They will reshape our lives and our environment. In some ways we will be better, in others worse. Transportation uses up *huge* amounts of our time and resources. It's one of the reasons that many people like to live and work in urban cores. But what if we h
      • by PRMan ( 959735 ) on Thursday May 07, 2015 @02:03PM (#49641325)
        No. It wasn't. I had various smartphones for years before the iPhone came out. It didn't even have apps (at first). You fell for Apple's marketing, which wasn't remotely true.
        • Apple turned a niche product into a mass-market good. That's a hard thing to do. You may argue that I fell for Apple marketing (I tried to buy an iPhone when they were announced, but they wouldn't let me pre-order one so I got a Blackberry instead). But what's less relevant is that people like my dad who never even had a mobile phone went out and bought the iPhone. Were the technology advances massive? No but they were non-zero. Now, if you don't have a smart phone people look at you funny. So it was
        • Re: (Score:3, Insightful)

          by Anonymous Coward

          Are you shitting me? I have never had an iPhone, but I was supporting Palms and Blackberries when the iPhone came out. The first time I played with iOS, I could see they had nailed it. It was a way better interface than any other "smart" phone out there at the time.
          I would rather have my Moto X than my wife's iPhone 5s, but I would never deny that when it came out, iOS was a game changer. Hell, it's the reason I even have a nice touchscreen android phone rather than a Blackberry-by-Google like they had init

  • Tesla had announced some time ago that they wanted to work towards an electric sedan in the $30-40k MSRP range. You could argue that has been a large component of their general strategy for some time, really. There have been photos of the model X SUV on the web for some time as well.
    • by Eloking ( 877834 )

      The news here is the date for the unveiling of the new model 3. We knew they would unveil it during 2015-2016 but now we have a specific date. There's a lot of interest in the new Tesla model because it's huge potential for the future of the company (or in other word, prepare yourself to buy a lot of TLSA shares February 2016).

      The part about the model X (the SUV) is about the date of the first delivery which is late summer. This is also important because it mark the start of another source of revenue for th

  • Just wondering, since I've been waiting for this model to finally come out, now that I've switched to 100 percent green power and bought four solar panels through Seattle City Light.

    Be great to know if it can cope with the winters in the Rocky Mountains of Montana, Idaho, BC, and Alberta.

    • by crow ( 16139 )

      I have a friend who raced in the Iditarod this year. (For the clueless, that's a 1000+ mile dog sled race in Alaska.) Temperatures were consistently -50F (-43C), and his Lithium Ion batteries for his light worked flawlessly. I would be more worried with the 12v lead acid battery (yes, it still has one for accessories) than the L-ion battery pack.

      Oh, and one of his dogs was named Tesla.

  • Market changer (Score:5, Interesting)

    by crow ( 16139 ) on Thursday May 07, 2015 @03:25PM (#49641987) Homepage Journal

    The 3 will be a market changer for the low-end of electric vehicles. If they hit $35K with 200+ mile range, it means all the other electric vehicles in that range, such as the Nissan Leaf, will also have to hit 200+ miles or drop below $25K.

    Right now there are a number of cars with 80-100 mile ranges in the $30K-$35K range. They won't be able to compete with the 3 without some major improvements.

    This also will shake up the used market. Right now 80%+ of Leafs are leased, so about the time the Model 3 comes online all the Leafs on the road today will be for sale. That's a lot of cars, all with 80-mile-ish ranges. Now if new cars at $35K have over double the range, the price of the used cars will be much lower. So if a 80-mile range is sufficient (perhaps for your second or third car in the family), then you'll be able to go electric at a fairly reasonable price in two or three years.

    I think the long-term impact will be that most people who have a good place to charge their cars at home will consider electric cars after the Model 3 has had a couple of years to shake up the market. I would guess in five years it will be typical for families with more than one car to have at least one electric, and in ten years the majority of new cars will be electric.

  • by TsuruchiBrian ( 2731979 ) on Thursday May 07, 2015 @03:42PM (#49642145)
    I would buy an affordable tesla just to avoid dealing with car dealerships.

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