Why is Tesla Model 3 Making a Big Hit in the Market

3119

Future of Electric Cars Bright as Tesla Model 3 Unveiled

The greener car is making a big wave as orders for Tesla Model 3 reached 180,000 after 24 hours since unveiling the prototype for the first time on Thursday night. And even now, fans are still asking for reservations.

Elon Musk, a South African-born Canadian-American businessman, unveiled Tesla Motors Inc.’s Model 3 at the company’s Hawthorne, California, design studio. Tesla’s Model 3 is a ‘more affordable’ electric sedan car with a minimum 215 miles (346 kilometers) range.

According to Musk, 44, the new model is one of a kind and he’s ‘fairly confident’ deliveries will begin in 2017. And, it is affordable too. Model 3 pricing starts at $35,000.

“We have an amazing product. I think you’ll be blown away.” – Musk

In addition, the prominent investor said in a tweet:

“Future of electric cars looking bright!

Model 3: Faster, Cooler And Sexier.”

With its undeniable popularity in the market, there is no question about Tesla Model 3’s lovable and chic features.

Let’s have a peek at Model 3:

The four-door sedan will seat five adults. Its design features include one large, continuous piece of glass for the rear roof area to enhance visibility.

Adam Browning, 45, the executive director of Vote Solar in Oakland, California, a fan of the Model 3 said he had a notion that the new model is hot, especially with the matte finish. But he was wrong.

“The righteous future isn’t just good, it’s better. It’s faster, cooler and sexier.” – Mr. Browning

Mark Dilsizian, a doctoral student at New Jersey’s Rutgers University who also runs a software startup, said he waited 10 years to buy an electric car. And Model 3 is right on time.

“It’s safer, it’s greener, it’s better performing, it’s better designed.”

Tesla Model 3 Generates $150M in Zero-Cost Capital

Indeed, Tesla did an amazing job in promoting a greener car like the Model 3. Fans lined up for reservations with $1,000 down that enabled Tesla to generate $150 million in zero-cost capital from the deposits.

Musk says orders will reach an estimated value of about $7.5 billion.

A Bloomberg report says Andrea James, an Dougherty & Co. analyst, commended Tesla for generating at least 150,000+ reservations, representing an order book of $6 billion in revenue.

“Tesla has changed the game again.” – Ms. James

Electric car in supercharger station.
Electric car in supercharger station.

Supercharger Stations Will Double in Number

Tesla projected that more orders are coming. Thus, the car company plans to double the number of its Supercharger stations. Similarly, store count will increase by the end of 2017 as well.

Before Model 3

Tesla Motors, Inc. is a prominent American automotive and energy storage company that designs, manufactures, and sells luxury electric cars, electric vehicle powertrain components, and battery products.

In 2008, Tesla introduced the sporty Roadster. Then Tesla’s Model S was launched in 2012, and it was later accompanied by a similarly priced Model X SUV in 2015. The latest of course is Model 3 and it is Tesla’s lowest-cost car to-date.

Tesla Model 3
Tesla Model 3

Mina Fabulous follows the news, especially what is going on in the US State Department. Mina turns State Department waffle into plain English. Mina Fabulous is the pen name of Carmen Avalino, the NewsBlaze production editor. When she isn’t preparing stories for NewsBlaze writers, she writes stories, but to separate her editing and writing identities, she uses the name given by her family and friends.