Tesla Model 3 launch
Tesla, the makers of the famous Model T car and famous for the brilliant and eccentric founder – Elon Musk is coming out with its variant – Tesla Model 3. The new Tesla 3 is slated to be launched around the same time as Volvo’s Polestar 2. This has created much-anticipated hype as Volvo’s electric hatch-back has generated much interest.
The interesting news from Polestar 2 is that it is revealed to have a 310-mile electric range. The company admits seeing Tesla as its premium competitor. It is in a similar price range as the Model 3 of Tesla. It will be available at €39,900 (around £34,100) but the “launch model” will cost more with €59,900 (£51,100).
Telsa model 3 vs Jaguar XF vs BMW 5
This price is equivalent to the price you would pay to purchase a Jaguar XF which is fully equipped or a BMW 5 Series where you can even get a five-door fastback body powered by a 78kWh battery to go along with an engine that gives out 402 bhp.
Tesla Model 3 performance
This should be enough to go from 0 to 62 mph in a time of fewer than five seconds.
This has to be the biggest competition for Tesla news today. Polestar has confirmed that its focus is not just the racing circuit but with the issue of making “connected digital solutions” with partnerships with charging companies across the globe. The car will stay as hi-tech as possible. It will be one of the first cars to use an Android-based infotainment system and the system is solid and adaptable due to its use. Vehicle functions have been adapted with Google services such as Maps and Assistant.
Competing Elon Musk
Just in yesterday around the same time with Volvo’s trending news – Elon Must tweeted announced in high-anticipated news that the Model 3 was available for order at a price tag of $35,000. This is considerably cheaper than the other competing car models in the market. However, many analysts feel this might have been a little late move by the legendary company Tesla where people have been waiting for an affordable version of the electric car. The tax credit of $7,500 has been pared down to $3,750.
Exact Tesla Model 3 in my profile pic costs $35k before incentives & takes 1 minute to buy online at https://t.co/46TXqRrsdr
— Elon Musk (@elonmusk) March 1, 2019
Tesla still faces the operational challenges of meeting production volumes and demand while maintaining timely service for a rapidly-expanding customer fleet. If Tesla can do this it will have successfully transitioned from a boutique automaker with a niche audience to mainstream brand serving mainstream consumers.
Another shocker the company the company has come out with is the lowering of all vehicle prices by Tesla by 6% and along with the closure of some stores, many people from Tesla will also lose their jobs. To make up for the new online-only purchase policy Tesla is also making it easier for people to return their cars. Buyers will have 7 days or 1,000 miles during which they can return the car for a refund.
However, there has been a hold on this lower price tag as apparently, Elon Musk was only teasing people with this price tag.