Tesla has achieved one of its biggest goals by delivering the long-awaited, $35,000 Model 3 — but the company has been oddly quiet about it

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The beginning of standard-range Model 3 deliveries is a landmark for Tesla, but the company has been unusually quiet about it.

described one of the company's primary, long-term goals as using the proceeds from high-end electric cars to fund the development of affordable models. Musk would later frame the Model 3 as the fulfillment of that goal and a turning point for Tesla from a luxury automaker to a mass-market one. The

Tesla received for the Model 3 suggested demand for electric vehicles extended beyond early-adopters willing to pay luxury prices.high-end versions of the Model 3 in July 2017, but struggled to hit production targets for the next year due to excessive automation at its Fremont, California, assembly plant. As the company smoothed out its production process, Musk said it needed more time to make the standard-range Model 3 profitably.

In February, the company began allowing customers to order the standard-range Model 3, but less than two months later, itfrom its online-order page, saying customers could only order it by phone or in one of the company's stores. Tesla said demand for the standard-range trim was much lower than for the standard-range-plus trim, which starts at $39,500, and said removing the standard-range trim from the online menu would increase efficiency and lower costs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines