X

First Look at Tesla's Model 3 Is Here

The most affordable Tesla to date carries a $35,000 price tag
By Newser Editors and Wire Services
Posted Jul 9, 2017 4:00 PM CDT

(Newser) – Electric automaker Tesla has produced its first Model 3 sedan, a highly anticipated car because it carries a relatively low sticker price. CEO Elon Musk late Saturday tweeted pictures of the car, which will cost $35,000 and can travel 215 miles on a single electric charge. A $7,500 federal tax credit for electric vehicles would lower the cost to $27,500, reports the AP. The new model comes after a bad week for Tesla's stock price. Shares fell roughly 14% after Musk tweeted that deliveries of the company's other two models—the Model S sedan and Model X SUV—were at the low-end of the company's projections in the first half of this year. (Read more Tesla stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X