Tesla Model 3 Overview Updated June 16, 2018

Tesla Model 3

Tesla's third generation and least expensive vehicle to date

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682 'Tesla Model 3' stories

December 2014 - June 2018


The Tesla Model 3 is the first vehicle built on Tesla’s third-generation platform. It aims to reduce the entry price for electric vehicles while not making any compromise on range and performance.

The Model 3 starts at $35,000 in the US and deliveries to employees and company insiders began in mid-2017 – customer deliveries begin in late 2017.

You can read our latest stories on the Model 3 below:

Tesla Model 3 Stories June 16

A month after unveiling the new dual motor and dual motor performance versions of the Model 3, Elon Musk confirmed that the first Tesla Model 3 Dual Motor Performance rolled off the company’s new assembly line in Fremont today. expand full story

Tesla is currently pushing for Model 3 production to reach 5,000 units by the end of the quarter.

CEO Elon Musk gave a status update to employees. He said that all parts of the production process are now operating at over 3,500 units per week and he will stay “almost 24/7” at the Fremont factory to help fix the last few bottlenecks to bring the production to ~700 units per day. expand full story

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Tesla Model 3 Stories June 15

Tesla managed to accumulate over 450,000 Model 3 reservations and most of the people who did reserve, they did it without ever seeing the car in person.

They will soon have the opportunity as Tesla significantly expands its Model 3 display fleet with 17 new stores today and more to come soon.  expand full story

Tesla Model 3 Stories June 12

Tesla’s (TSLA) stock is surging today with an increase of 4% after the market opened following a note from a Wall Street analyst showing increasing optimism on Model 3 deliveries. expand full story

Tesla Model 3 Stories June 8

Tesla CEO Elon Musk said that they made the mistake of being over ambitious when it comes to the automation of the Model 3 production line.

It contributed to a lot of issues with the early production ramp, but now Tesla is gradually going back to automation across various parts of the Model 3 production process, including the Model 3 body line, which is now almost completely automated, according to the automaker. expand full story

Tesla Model 3 Stories June 5

The Model 3 production ramp is chugging along, with all production lines demonstrating the capability to produce 500 cars per day, according to CEO Elon Musk in today’s Tesla shareholder meeting.  So now that the supply of cars coming out of the factory isn’t so scarce, the next question is: when will stores get them? expand full story

Tesla released new data during its shareholder meeting today and claims that after the ramp up in Model 3 deliveries over the last month, the new electric vehicle is now the best-selling mid-sized premium sedan in the US.

CEO Elon Musk also gave a small update on the state of Model 3 production. expand full story

Tesla Model 3 Stories June 4

Tesla has an incredible amount of Model 3 reservations, but the delays and unavailability of the less expensive version of the vehicle have resulted in some cancellations.

A report is now attempting to quantify the number of cancellation and claims that as many as 23% of Model 3 reservations were refunded by Tesla, but people are still reserving the Model 3 at a high pace. expand full story

Currently, the only way to buy a Tesla Model 3 is to have a reservation and then buy the car outright or with a loan.

A lease is currently not available for the highly popular electric vehicle, but it could change next year, says Elon Musk. expand full story

Tesla Model 3 Stories June 2

Elon Musk recently mentioned that Tesla has made some updates to the Model 3 for ride comfort, including some suspension upgrades, but they also updated the backseat.

Today, we get a first quick look at the upgraded backseat cushions. expand full story

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