Tesla Motors is finally helping materialize the electrical car dream. Here are five things you need to know about the Tesla Model 3.
It is the fourth electric car released by Tesla and what differentiates it from previous Tesla models is its price. It is available for $35,000. This model is important to Tesla because it is their first luxury offering to the masses. It would help the company financially by selling in a higher volume.
It has received great anticipation from the industry and the consumers, and have likened its release to that of an iPhone. An estimated 180,000 pre-orders were made in the first 24 hours. The launch has helped Tesla greatly bringing up its share price by 4.5%. Its trading volume had doubled the 30-day average. This model proves that people do want electric cars and that means heaps for the electric car industry.