Tesla shutting stores to deliver a US$35k Model 3

Data by YCharts

Data by YCharts

Tesla has fulfilled its long awaited promise to start selling a $35,000 vehicle, as it announced it would be closing stores and moving all sales online. The base Model 3 has a range of 354km.

Although he said he didn't know for certain, Musk predicted there's enough pent-up demand to sell about 500,000 Model 3s annually at the starting price of $35,000.

"This is something we've been working on since we created the company, from the beginning this has been the goal", said chief executive Elon Musk. Because of the moves, it will lose money in the first quarter and "likely" be profitable in the second, he said.

That means job losses.

While demand for the Model 3 was never an issue, numerous folks with outstanding reservations were hoping to get their hands on a $35,000 model.

More than 400,000 customers signed up for the vehicle when it was first announced, but production issues, higher prices and other delays caused troubles following its launch.

Tesla has finally launched the $35,000 Model 3.

Tesla introduced the Model 3 in 2017 as a more affordable way for consumers to purchase its electric cars. The tweet said simply "2 pm" and was followed by another one that said "California", with Musk possibly opting for the laconic way in a bid to avoid further attention from SEC, which has made it perfectly clear it was not taking potentially price-moving tweets lightly.

The new sales strategy is a dramatic shift for the company that has prided itself on its boutique retail stores. At least, they don't make enough money for Tesla to keep them all open if it also wants to be able to afford to produce the $35,000 auto its investors (and many customers) have been desperately waiting for since it was announced way back in March 2016.

Previously, the lowest price for a Model 3 in Canada was $58,000, but it seems like Tesla has shaved a few thousand off that price for its new Standard Range Rear-Wheel Drive Model 3 offerings.

Pokemon "Sword" & "Shield" Announced With Reveal Trailer
They will not be alone, since the newly discovered Pokemon they choose to be their first partner will be by their side. Now, 807 Pocket Monsters later, the series has officially announced the next chapter: Pokemon Sword & Pokemon Shield .

It's been an eventful month for the wildly popular electric vehicle maker.

Here's a look at the bare bones Standard Model 3 specs.

Coupled with his SEC woes lingering overhead, Mr Musk hasn't exactly lost his investors' confidence, but he hasn't exactly filled them with it, either.

There's a press conference in the works, and we'll report on any developments as they happen.

The Model 3's new $35,000 version will have a 220-mile battery pack range.

Tesla's website said cars ordered now would be ready for delivery in two to four weeks.

Musk said last month that service and quality were two main priorities for the company.

Mr Musk said he was not anxious that a shift to online-only sales would put off customers.

The firm already has a much smaller physical presence in the United States than most vehicle companies, which work with dealerships.

The company also pledged to make test drives easier, allowing buyers to return a vehicle within seven days or 1,000 miles (1,600 kilometres) for a full refund.

Recommended News

  • North Korea's offer to dismantle nuclear plant declined by Trump

    North Korea's offer to dismantle nuclear plant declined by Trump

    Warmbier's parents have blamed North Korea for their son's death and said that he was tortured until he fell into a coma. Those unspecified United States measures appear to have been complete sanctions relief, which Mr Trump would not offer.
    Ellen Page Lets Stand Blaming Trump Administration For Hoax Hate Crime

    Ellen Page Lets Stand Blaming Trump Administration For Hoax Hate Crime

    One question is whether the pressures and anxieties of modern fame played any role in Smollett's seemingly inexplicable behavior. LGBTQ people, especially trans women of color, are at a greater risk as well. "This is the story that must be told ", Page said.
    Jets would

    Jets would "absolutely" consider trading down in draft

    The Jets assumed the Giants would have demanded their 2019 first-round pick, and they didn't want to part with it. The Jets traded up from No. 6 to No. 3 past year to select Sam Darnold .
  • Devil May Cry 5’s Final Trailer Reveals a Surprise Character

    Devil May Cry 5’s Final Trailer Reveals a Surprise Character

    Any and all support helps keep DualShockers as a standalone, independent platform for less-mainstream opinions and news coverage. If you're trying to avoid any spoilers before launch day, I'd suggest that you might just want to pass on watching this one.
    Northam's Wife Handed Out Cotton To Black Students As Lesson On Slavery

    Northam's Wife Handed Out Cotton To Black Students As Lesson On Slavery

    During that tour, Northam talked about how slaves used to grow cotton on the land around the mansion and handed out the raw cotton.
    Ferrari F8 Tributo: 488 Successor Revealed with 720hp!

    Ferrari F8 Tributo: 488 Successor Revealed with 720hp!

    Ferrari doesn't say it, but the F8 Tributo is obviously a comprehensive facelift of the 488 GTB rather than an all-new model. As well as a glovebox - missing from the Pista - the passenger now also gets a seven-inch touchscreen display.
  • As Measles Concern Rises, Lawmakers Mixed On What To Do About Vaccination

    As Measles Concern Rises, Lawmakers Mixed On What To Do About Vaccination

    In Montana, one representative is working to make it easier for parents to opt-out of vaccines for children in daycare. In the case of measles, the herd-immunity threshold is 95 per cent, but B.C.'s vaccination rate is lower than that.
    Sully HW Bush gets welcomed to the Walter Reed Medical Center

    Sully HW Bush gets welcomed to the Walter Reed Medical Center

    Bush became famous as canine caretaker and constant companion to the 41st USA president in the final stages of his life. He even received a new "military uniform", a vest to signify he is a member of the facility's dog team.
    EVO 2019 Drops Super Smash Bros. Melee

    EVO 2019 Drops Super Smash Bros. Melee

    Regardless of whether you think Melee needs EVO or vice versa, the news of its EVO 2019 departure signals the end of an era. Ultimate , which released this past December and would mark the game's first showing at the event.
  • Chiefs considering trading star pass rusher Justin Houston

    Chiefs considering trading star pass rusher Justin Houston

    Houston is 30-years-old and has missed 21 games over the last four years. "Obviously, I've seen it myself out there", Veach said. We'll kinda handle that information we get, what's real and not real. "It's a good problem to have, he's a great player".
    Panel approves subpoena for family separations

    Panel approves subpoena for family separations

    President Donald Trump's administration for documents related to the president's child separation policy. The House Committee on Oversight and Reform on Tuesday voted in favor of issuing subpoenas against U.S.

    Pain Drops Surprise New Album Same Day as 'Masked Singer' Victory

    TVLine readers gave the already renewed Fox hit's freshman finale an average grade of "B" (but not Bee). Gladys Knight , 74, finished in third place after performing in a Bee costume throughout the season.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.