The Tesla Model 3 Is Here, and Here to Stay

Last Friday, Elon Musk and the Tesla team held a handover party for the first 30 official Model 3 owners. The event, however, was much more than a party. Elon fired back at the disbelievers, and let the world know his team is ready to change the world. Here is everything the world learned about the Model 3 last Friday.

| Source: Tesla's Youtube Channel -(https://www.youtube.com/channel/UC5WjFrtBdufl6CZojX3D8dQ) |

| Source: Tesla | A closer look at the Model 3.

| Source: Tesla | A closer look at the Model 3.

There was one key idea that Musk wanted, not only the audience, but the world to know. The Model 3 is the best car that you can buy for $35,000. Keeping in mind, that the car is completely electric, and has, so far, filled or surpassed all of the team’s promises, Musk is not wrong. The car delivers on that “Tesla” look and feel, with over 10,000 unique components.

Musk announced two different models that customers would be able to order, a Standard and a Long-Range Model 3. The Standard Model 3 will start at $35,000, will do 0-60 MPH in 5.6 seconds, and will have a range of 220 miles. The Long-Range Model 3 will start at $44,000, do 5.1 second 0-60 MPH time, and will have a range of 310 miles. Keep in mind, those prices are before any tax breaks or credits are applied, meaning the Model 3 could (and most likely will) be even cheaper. It appears as if Tesla is moving away from the kWH naming scheme for the Model 3, however, some suspect the Standard Model 3 to have a ~50 kWH battery, and the Long-Range Model 3 to have a ~70kWH battery. With the Model 3 being smaller, and lighter, a smaller battery will be able to accomplish more than a battery of the same capacity in a Model S or X.

| Source: Tesla | A closer look at the Model 3's interior.

| Source: Tesla | A closer look at the Model 3's interior.

Currently, Tesla has around 6,100 Superchargers around the world. By this time next year, the team plans to have over 15,000. Along with making charging easier and more efficient, Musk continued to push that, just like the Model S and X, the Model 3 will be capable of full autonomy, not anytime soon though. He even went as far to say, owners would be able to have their cars services, in their garage.

| Source: Tesla | A closer look at the Model 3's interior.

| Source: Tesla | A closer look at the Model 3's interior.

The other main topic of the night, was production. Musk sounded confident in the team’s goal to make 500,000 cars a year, starting in 2018. Musk proved the team could accomplish the feat because, “We have simplified the manufacturing process dramatically. In the same amount of space to build 50,000 cars, we can build 250,000 Model 3s.” Musk did reference to an S-Chart (below) that worked to show the team’s goal of creating exponential production. The chart could be changed, maybe drastically, if anything were to interrupt Tesla’s supply chain (such as floods, fires, tornadoes, etc.). Musk was confident that by the end of September, the company would be making at least 20,000 cars per month.

| Source: Tesla | The S-Curve, representing the goal of creating exponential production of the Model 3. 

| Source: Tesla | The S-Curve, representing the goal of creating exponential production of the Model 3. 

The Model 3 has already had some amazing reviews from the press that was on hand for the event. All of the press that got to either drive the Model 3, or take be in the car for a test drive, everyone has said the car felt like a Tesla in every aspect, had plenty of room, and still had plenty of power to push you back in your seat. Musk acknowledged that not everyone could afford the Model S or X, but he did say, “If you’re going to make a difference in the world, you’ve got to make cars people can afford.” And that is exactly what Musk and Tesla have achieved with the Model 3.

| Source: Tesla | A closer look at the Model 3's interior.

| Source: Tesla | A closer look at the Model 3's interior.

| Source: Tesla | A closer look at the Model 3's interior.

| Source: Tesla | A closer look at the Model 3's interior.

| Source: Tesla | A closer look at the Model 3's exterior.

| Source: Tesla | A closer look at the Model 3's exterior.

| Source: Tesla | A closer look at the Model 3's exterior.

| Source: Tesla | A closer look at the Model 3's exterior.

Source: https://www.tesla.com/model3