The Tesla Model 3 has Arrived

After the long wait, Elon Musk’s crowning achievement is nigh: the arrival of an affordable, mass market fully electric car. And by all accounts, it is a stunning accomplishment. In his grand announcement in Fremont, California on July 29, Musk publicly delivered the first 30 cars to their new owners, mostly Tesla employees.

So, let’s break down some of the obvious points of interest for car enthusiast and would be Tesla owners. Clearly, the stick price and range top the list, with design and feature specifics coming after that. The Tesla Model 3 will have 2 versions, the ‘Standard’ battery with an estimated range of 220 miles for $35,000, and the ‘Long Range’ battery at 310 miles and $44,000. Look out Mercedes and BMW, your job just got a lot harder. I would include the Chevy Bolt here as well, but it just isn’t a fair fight. To be sure, the demand for the Model 3 will be significant, which will put a lot of pressure on the production schedule for the coming year, and any hiccups could quickly derail the party for Tesla. And new buyers are still going to have to wait a long time before they get their new Model 3, and American consumers are not a patient bunch.

Here is the rundown of the two versions:

 

Standard Battery

Long Range Battery

Cost

$35,000

$44,000

Range (Est.)

220 Miles

310 Miles

Charge Rate

130 miles in 30 minutes

170 miles in 30 minutes

0 to 60 MPH

5.6 seconds

5.1 seconds

 

Not surprisingly, the design is leek and smart, and will solicit the envy of just about everyone. There is a premium option for $5,000 that will include premium sound, premium display, and an all-glass roof.

Luxury Car?

Some people will balk at the all-in price of a fully loaded Tesla Model 3. A long range option with the premium package will bring you to $49,000, which is really competing with higher end BMWs and Volvos. And if zero emission and US car manufacturing isn’t all that important to you, you might not be as we were. The folks at The Verge were not.

Safety

A safety test with perennial safety stand out Volvo S60 also shows that the Tesla is a safe car to drive. The impact of car wrecks are coming under increasing pressure from critics and safety boards, and the Model 3 checks this box. Expect some of the advertising and marketing to contain messaging about safety contained in this review by Bloomberg

While we have not yet driven the Model 3, we’re pretty sure people are going to love it and pay up for a place in line for a late 2018 delivery. The next batch doesn’t come out until later this year.

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