Hope it is a success; he will need it.
Reports claim that the Tesla Model 3, the Palo Alto automaker’s long-awaited electric car for the masses, will be unveiled in March. Better yet, the company also has a Model Y compact crossover planned for the future, though details on this vehicle are largely limited to the type of vehicle it would be.
March’s Model 3 launch will focus exclusively on the new EV – an electric sedan like the Model S, but this time sold at a more affordable price point. Tesla CEO and founder Elon Musk called the vehicle “probably the most profound car that we make” and a “very compelling car at an affordable price,” and that only adds to the hype of a car that’s expected to drive Tesla sales to 500,000 in 2020, from a mere 50,000 in 2015.
Design-wise, Musk says it will be a “slightly smaller version of the Model S” with less “bells and whistles.” Storage should be quite ample for a smaller car, considering Tesla’s use of sub-floor batteries. The Model 3’s range is expected to be upwards of 200 miles on a single charge, putting it on similar ground as Chevrolet’s recently-unveiled Bolt EV.