Earlier today we heard that the new Tesla Model 3 would cost $35,000 before tax incentives and rebates, and now Tesla has confirmed that they will start taking reservations on their new EV from the 31st of March.
The news was announced by Tesla CEO, Elon Musk on Twitter, who confirmed that registrations will start on the 31st of March with a $1,000 deposit needed. The company will start taking online reservations from the 1st of April.
Model 3 reservations ($1000 down) will be accepted in Tesla stores on March 31 and online April 1
— Elon Musk (@elonmusk) February 11, 2016
Competing in the Luxury Sedan Market
The new Tesla Model 3 is designed to compete with the Mercedes C Class, Audi A4, and BMW 3 Series. These are well-established models in the luxury sedan market, known for their performance, comfort, and advanced technology. Tesla aims to bring its own unique advantages to this competitive segment, including cutting-edge electric vehicle technology, autonomous driving capabilities, and a minimalist yet high-tech interior design.
The Model 3 is expected to launch in 2017, and it represents Tesla’s most affordable vehicle to date. By offering a lower price point, Tesla hopes to make electric vehicles more accessible to a broader audience, thereby accelerating the transition to sustainable energy.
Cost and Incentives
The base price of the Tesla Model 3 is set at $35,000. However, the cost of the car should be around $30,000 on average after state rebates and federal tax incentives. These incentives are designed to encourage the adoption of electric vehicles by reducing the overall cost to consumers. It’s important to note that the actual cost will vary by state in the US, as different states offer different levels of rebates and incentives.
For example, in California, one of the largest markets for electric vehicles, buyers can benefit from both federal and state incentives, potentially reducing the cost of the Model 3 by several thousand dollars. Other states may offer additional incentives such as reduced registration fees, access to carpool lanes, and discounts on charging equipment.
Reservations and Production
Tesla’s decision to start taking reservations with a $1,000 deposit is a strategic move to gauge consumer interest and secure early commitments. This approach also helps Tesla manage its production planning and supply chain logistics more effectively. The company has a history of receiving a high volume of reservations for its new models, and the Model 3 is expected to be no different.
The reservation process will begin in Tesla stores on March 31 and will be available online starting April 1. This staggered approach allows Tesla to manage the initial rush of reservations more efficiently. Given the high level of interest in Tesla’s vehicles, it’s likely that the Model 3 will see a significant number of reservations within the first few days.
The Tesla Model 3 represents a significant step forward for the company and the electric vehicle market as a whole. By offering a more affordable electric vehicle with advanced features and competitive performance, Tesla aims to broaden its customer base and accelerate the adoption of sustainable transportation. With the reservation process set to begin soon, it will be interesting to see how the market responds to this highly anticipated vehicle.
Source @ElonMusk
Latest Geeky Gadgets Deals
Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
