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Tesla announces an affordable 'Model 3' for everyone

Tesla announces an affordable 'Model 3' for everyone
Tesla

Who wouldn't want to own a new Tesla? It's the only car to score higher than a perfect 100 on Consumer Reports' ratings. Plus, you can imagine how sweet it would be to never pay for gas again. The only problem is they cost SO much money. If Tesla made an affordable car, it could finally make the dream of electric cars for everyone a reality.

Tesla starts delivering the Model X SUVs at the end of the month, but one of those will set you back at least $132,000. However, Tesla CEO Elon Musk announced the company will start taking preorders for its affordable Model 3 in March.

The tweet: @elonmusk Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.

@elonmusk $35k price, unveil in March, preorders start then.

The Model 3 will be smaller and run on a cheaper lithium-ion battery. Tesla is still building its Gigafactory manufacturing plant where the new batteries will be made, as mentioned in the tweet. Also, as mentioned, the Model 3 will start at $35,000, an altogether reasonable price for a Tesla. Currently the company expects deliveries of the Model 3 to begin in late 2017.

That gives you plenty of time to save a down payment for a $35,000 Tesla. Will you be one of the first to purchase a Model 3? Let us know in the comments below.

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