News - Tesla Motors Model S UK Launch

In a series of tweets, Elon Musk, CEO of Tesla Motors broke some news concerning the upcoming Model 3. Apparently, the Tesla Model 3 will be revealed early next year, sometime in March.

It will be priced at USD$35,000 (RM148,000) in the US, before any federal or state green-car incentives. That’s about half the price of a standard Model S. Pre-orders for the Tesla Model 3 will start then. In his tweets, Musk says that “the lower cost sedan will start production in about two years. Fully operational Gigafactory needed.”

Tesla’s Gigafactory will be in Reno, Nevada and the full construction of the plant will hover around the USD$4-5 billion (RM17-21bil) mark. This battery plant aims to produce 50 GWh in annual battery production by 2020, which should be enough for 500,000 Tesla cars.

As we reported earlier, the Tesla Model 3 will be offered as both a sedan and a crossover, in a move that will make the brand become more accessible to the masses. This vehicle will become an integral part of Tesla’s push to assemble over 500,000 cars a year too.

The fact that Musk places so much importance on a fully operational Gigafactory reveals that he’s got very ambitious plans for the Model 3. If Tesla gets it right for this model, it’s pretty much going to change the way we drive for a long time to come.