Tesla Model 3
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After what you might call a pretty eventful twelve months, Tesla has now turned its first profit in years, as demand and delivery of its Model 3 sedan continues to rise.
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Billed as its first electric sedan for the masses, Tesla’s Model 3 has attracted huge interest since it was announced, resulting in hundreds of thousands of pre-orders. The company is now, for the first time, taking orders for shorter range, rear-wheel drive versions starting at US$45,000.
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A new round of crash testing by the US National Highway Traffic Safety Administration (NHTSA) put the Tesla Model 3 sedan through its paces, finding it performed impressively across all categories.
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To say Tesla’s production of its much-hyped Model 3 was slow out of the blocks could be putting it mildly, but it looks like things are starting to pick up for the company's debut mass market sedan.
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Tesla's Summon feature, which allows owners to have their vehicles autonomously pull in and out of parking spaces, has made its way to the company's first mass market sedan, the all-electric Model 3.
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Tesla’s mid-priced Model 3 may be aimed at the masses, but that doesn’t mean it won’t offer something for those after a little more oomph. CEO Elon Musk has now shared the specs for a couple of souped-up versions of the all-electric sedan.
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The baby steps that were the start of the Tesla Model 3's production life have evolved into the strides of a toddler, with the company revealing it shipped five times as many sedans in Q1 as it did in Q4 last year.
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While its higher end Teslas were produced in record numbers during the fourth quarter of 2017, the company has announced its biggest quarterly loss, with the mass market Model 3 lagging well behind in production.
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With hundreds of thousands of customers awaiting the hotly anticipated Model 3, Tesla was never expected to keep up with demand right off the bat. The company is a little further behind than expected, however, with its Q3 production numbers falling well short of its expectations.
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The Tesla Model 3 launched with much fanfare during the week, but it isn't the only entry-level electric vehicle on the market. The Chevy Bolt packs almost as much range and a price to match the Tesla. How do the two electric Americans compare?
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Elon Musk has unveiled the production Tesla Model 3, delivering on his promise to develop an EV for the masses. With over 200 mi of range in base form and the cool factor associated with buying a Tesla, the Model 3 looks good on paper. But hitting the promised US$35,000 price is going to be tricky.
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Since first announcing the Model 3 in 2014, Elon Musk and Tesla have allowed plenty of time for the hype to build, but the company has now wrapped up production on the first units, and offered the first official glimpse of its first mass market electric sedan.
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