Panasonic and Tesla Poised for Battery Fight in Europe

3 Sep 2015 | Author: | No comments yet »

Tesla CEO Musk plans Model X deliveries this month, Model 3 orders in March.

Tesla’s long-awaited mass-market car, the Model 3, now has a price and debut plan courtesy of the company’s founder, Elon Musk, who posted the details to Twitter on Wednesday. Tesla this week began letting some early reservations holders of the SUVs begin picking such things as paint colors, wheel size and whether they want the $10,000 “Ludicrous Speed Update.” The Model X was revealed as a concept in February 2012 and had previously been targeted to go on sale in 2013 and then by the end of 2014. The rear-wheel-drive base model of the S with a 70-kWh battery and 230-mile range starts at $70,000 before any federal and state incentives for electric cars. Tesla is building an enormous lithium-ion battery manufacturing facility in Nevada to make its own batteries for far less money — the “Gigafactory” mentioned in Musk’s tweet.

The entry level model will cost around $5,000 more than a Model S with the same options, Musk wrote in yet another tweet — though you can easily spend well into the six figure range for the “Signature” high-end series. Tesla is counting on the battery manufacturing cost reductions and efficiencies it expects from the plant to help keep down the cost of the lower-priced sedan.

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