The company’s chief executive Elon Musk dramatically revealed a red, silver and matte black model of the electric car after a lengthy talk that covered the company’s dedication to the environment and journey to affordability, stating that the five-seater Tesla Model 3 would start at $35,000 (£24,423) and have a range of at least 215 miles (346km) per charge.
He added that his goal was to produce about 500,000 vehicles a year once production got up to full speed.
He also revealed the Model 3 will be able to go zero to 60mph in less than six seconds, saying: ‘At Tesla, we don’t make slow cars’.
The first deliveries of the vehicle are scheduled to start in late 2017, and it can be ordered in advance in dozens of countries, including the UK, Ireland, Brazil, India, China and New Zealand.
- Model 3 is 20 per cent smaller than Tesla’s Model S and has a continuous pane of glass in the roof for ‘openness’
- It fits five adults ‘comfortably’ and has more cargo room than similar sized, petrol-powered vehicles
- More than 115,000 Model 3s were pre-ordered in the first 24 hours and they will begin shipping at the end of 2017
- The car is half the baseline price of the Model S and goes 0 to 60mph in less than six seconds