Tesla CEO Elon Musk made it known long ago that 2017 was a major goal for the company, and that the year would see the release of the Tesla Model 3–the company’s first truly affordable electric car. People were hesitant to buy into those claims, and many still are. After all, the Model X was originally scheduled for late 2013 before a nearly two-year delay.
Will the Tesla Model 3 timeline be abandoned?
So far, there is hope that Tesla will stick to its initial schedule. Recent comments Musk recently made on Twitter indicate as much: “Model 3, our smaller and lower cost sedan, will start production in about 2 years. Fully operational Gigafactory needed.”
In order to fund the Gigafactory that Musk mentioned (not to mention help balance plummeting stock sales), Tesla decided it would need to sell off about $500 million worth of common stock in order to speed up the process. After the announcement and Elon Musk’s promise of a personal $20 million investment, Tesla stocks experienced a minor surge.
Musk also said that preorders for the new electric vehicle would begin in March of 2016. These should reveal consumer demand for the car, something expected to be high after interest in previous models and amid growing international sales.
These announcements seem to suggest that the company’s timeline has not been altered. The Model 3 is expected to be offered for $35,000.
For the moment, we can only hope the Tesla Model 3 is released soon. Other automakers are beginning to transition some of their vehicles to an electric model in order to appease those who would like to drive an affordable, environmentally friendly car. But rather than traditional automakers, we’d like to see Tesla achieve greater success–especially since Elon Musk always seems to have a futuristic new idea up his sleeve.
Would you purchase an affordable electric vehicle?