Tesla Model 3 News

By Brad Berman ·
October 16, 2017

Tesla Fires Hundreds of Workers, Amid a Shortfall in Model 3 Production

News sources reported today that Tesla fired hundreds of workers on Friday. The dismissals come as the company is falling behind on production targets for the Tesla Model 3, its all-important mass-market affordable long-range small electric car. Tesla encountered missed deadlines and production delays for its previous models, only to turn things around and produce award-winning vehicles credited for pushing the entire auto industry toward electric vehicles.

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By Brad Berman ·
September 15, 2017

When Will Your Tesla Model 3 Be Delivered? It Depends

The first deliveries of the Tesla Model 3 occurred in late July 2017, when 30 employees received the keys to company’s new small electric car. Yet, for the nearly half-million reservation-holders who are eager to take ownership of their own Model 3, there will be months of waiting. The most flexible buyers—those who placed early reservations and who are willing to compromise on desired features—could wait only a couple months. On the other hand, if you aren’t at the top of the waiting list and if insist on buying a specific model such as the 220-mile $35,000 variant (or if dual-motor all-wheel-drive is a must), you might not get your Model 3 until late 2018.

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By Brad Berman ·
August 01, 2017

First Drivers of Model 3 Rave Mostly About Minimalist Interior

Tesla achieved a major milestone in its corporate strategy on Friday night when it handed keys over to the first 30 drivers of its so-called first affordable electric car, the Model 3. While the company has perhaps as many as a half-million customers waiting to complete a purchase—and therefore doesn’t need to garner more publicity or sales—a number of fans and journalists were granted their first few minutes of seat time last week. The chorus of feedback focused on the minimalist interior that uses a single 15-inch touchscreen instead of any buttons, knobs, dials, or gauges on the dashboard.

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By Brad Berman ·
July 25, 2017

Reservation-Holders for Tesla Model 3 Hope for an Update on Friday

Tesla is set to begin delivering the first Model 3 cars to customers at an event on Friday, July 28. Thirty lucky EV fans will become the first Model 3 drivers. They will bask in the limelight of the hand-over ceremony and immediately start reporting on the performance of the much-anticipated Model 3. Meanwhile, hundreds of thousands of reservation-holders who put down a $1,000 deposit more than a year ago will be anxiously awaiting details about key questions.

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By Brad Berman ·
July 05, 2017

It’s Crunch Time for Tesla as First Model 3 Units Hit Production

The much-anticipated Tesla Model 3 will start rolling off the production line this week, about two weeks earlier than planned. That marks an important milestone for the company—and for the electric vehicle industry—as Tesla gets closer to its goal of becoming a producer of mass-market electric cars.

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By Brad Berman ·
May 25, 2017

One Week Before Unveiling, Tesla Model 3 Specs Are Revealed

With one week to go before Tesla unveils a production version of the Tesla Model 3, more details are emerging about the company’s upcoming $35,000 EV. The unveiling will take place at a VIP event at Tesla’s Fremont factory on June 2 and 3. Regarding performance, we now know via leaked internal company documents that the Model 3 will accelerate to 60 mph in a brisk 5.6 seconds—right in line with the 75-kWh version of the Model S.

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By Brad Berman ·
April 27, 2017

Tesla Prepares for Model 3 With Expanded Charging and Service

Tesla announced this week that it plans to double its charging network by the end of 2017. It will add new locations in city centers while expanding existing highway sites so drivers don’t have to wait for access to a charger. The company said that it’s taking these steps to prepare for sales of the Model 3, its first mass-market car.

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By Brad Berman ·
April 12, 2017

The Chevy Bolt Rolls Out Nationwide with a $329 Monthly Lease

Starting on April 1, GM began offering a national lease on the entry-level LT trim of the Chevy Bolt EV—starting at $329 for 36 months with $3,809 due at signing. While the Bolt lease deal is attractive, there are other EVs offered with even more enticing lease prices. Meanwhile, the wait continues on the Tesla Model 3, which might prove to be significantly more expensive than the Bolt.

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By Brad Berman ·
March 08, 2017

Will the Tesla Model 3 Be On Time? Here’s What We Know

It’s been nearly a year since Tesla revealed the Tesla Model 3, its upcoming affordable small electric car. The company said it would begin Model 3 production by July and ramp up to producing 5,000 cars by the end of 2017. Eager shoppers on the Model 3 waiting list celebrated in late February when Tesla management said it was on track. “We're still in great shape,” said Tesla CFO Jason Wheeler, in an earnings call.

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By Brad Berman ·
June 10, 2016

Model 3 Owners Will Pay for Access to Tesla Superchargers

Elon Musk, Tesla's chief executive, announced at a shareholder meeting last week that Model 3 owners will be required to pay to access the company’s Supercharger network. For the Model 3 to succeed in the long run, Tesla needs to slice off as much starting cost from the car as possible without compromising the brand’s luxury credentials.

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