Tesla revealed some huge news ahead of its quarterly earnings call. The competitively priced Model 3 will make its global debut on March 31st, hitting the showrooms for sale in 2017.
The Tesla Model 3 is appealing to many potential buyers because it forgoes the high price tag of other models but delivers on the promise of an electric vehicle. The announcement specifically notes the car’s MSRP of $35,000, and CEO Elon Musk and team have been dedicated to bring the Model 3 at that very competitive price.
A popular, mass market vehicle could prove a hit for Tesla, which is already know and loved by people who can afford the current lineup of expensive cars. Furthermore, the final price could end up being around $25,000 due to federal credits and various incentives aiming at getting more electric cars on the road.
By having a model with such an affordable price, the company must also focus on the quality of the Model 3, as the car has huge potential to be the obvious choice for environmentally conscious people looking to buy a new car that won’t break the bank, but ticks all the right fiscal and environmental boxes.
There’s not long to wait now, so buckle up and wait for the announcement next month…
Larry Banks is a keen follower of technology and finance. He has worked for a variety of online publications, writing about a diverse range of topics including mobile networks, patents, and Internet video delivery technologies.