Model 3, originally stylized as "Model ☰", was announced on Musk's Twitter account on July 16, 2014. An intended name of " Model E" was not used owing to Ford's trademark for an electric vehicle expected to be released by Ford in early 2019.
The Model 3 was codenamed Tesla "BlueStar" in the original business plan in 2007. Model naming ĭuring an interview recorded in 2006 Musk referred to "Model 2" (later Tesla Model S), and to "Model 3". Model 3 sales surpassed the Nissan Leaf in early 2020 to become the world's all-time top selling plug-in electric car. In February 2019, the Model 3 passed the Chevrolet Volt to become the all-time bestselling plug-in electric car in the U.S. Autopilot, previously a $3,000 option, was included in all versions of the Model 3 except for the Standard Range, while each version's price only increased by $2,000.
However, on April 12, 2019, Tesla announced that the Standard Range model would no longer be available for ordering online, but only over the phone or in stores. On February 28, 2019, Tesla announced the availability of the highly anticipated Standard Range trim priced at $35,000 (equivalent to $40,061 in 2022). On July 1, 2018, Elon Musk announced that Tesla had met its production goal of 5,000 cars in a week. On April 18, 2018, Tesla updated its production target to 6,000 vehicles per week by the end of June 2018, an increase from its previous target of 5,000 vehicles per week which was previously promised at earlier dates. The company plans for the Model 3 are part of Tesla's three-step strategy to start with a high-price vehicle and move progressively towards lower-cost vehicles, while the battery and electric drivetrain were improved and paid for through the sales of the Roadster, Model S, and Model X vehicles. In May 2016, Tesla issued US$2 billion in new shares to the stock market to finance the plan. As predicted, there were "production bottlenecks" and "production hell". Industry experts were dubious when, in May 2016, Tesla announced its decision to advance its 500,000-total-unit build plan (combined for Model S, Model X, and Model 3) to 2018, two years earlier than previously planned, in order to accelerate its target for Model 3 output. By August 2017, there were 455,000 net reservations. These reservations represented potential sales of over US$14 billion. Within a week of unveiling the Model 3 in 2016, Tesla revealed they had taken 325,000 reservations for the car. This is lower than the Tesla Model S drag coefficient of C d=0.24, which, in 2014, was the lowest among the production cars of the time. Tesla said it would have a 5-Star safety rating and have a drag coefficient of C d=0.225. In 2017 Tesla added that the Standard Range version of the all-electric car would have an estimated EPA-rated range of 215 miles (346 km), a five-passenger seating capacity, front and rear trunks, and promised sports-car levels of acceleration performance. In 2008 the car was stated to be a family car. In an interview for Wired Science recorded during 2006, Elon Musk presented the Model 3 as likely being affordable by most people able to purchase new cars. History 2019 Tesla Model 3 Performance, rear
A refresh of the Tesla Model 3 was introduced in 2023, offering a revised exterior and interior. In June 2021, the Model 3 became the first electric car to pass global sales of 1 million. The Model 3 was the world's top selling plug-in electric car for three years, from 2018 to 2020, before being knocked from the top spot by the Tesla Model Y, a crossover SUV based on the Model 3 chassis. The Model 3 was marketed as being more affordable to more people than previous models by Tesla. The Tesla Model 3 is a battery electric mid-size sedan with a fastback body style built by Tesla, Inc.
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