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Tesla receives over 400,000 advance orders for new 'mass market' Model 3

Sat 02 April 2016 | Back to news list

Tesla Motors, the US electric vehicle manufacturer, has received more than 400,000 international advance orders (115,000 in the first 24 hours) for its new Model 3 electric car. Tesla is taking a £1,000 customer deposit to secure later delivery of the car, which is expected to be priced at around £30,000.

The Model 3, planned for sale in the UK from 2018, is expected to have a range of more than 200 miles on an electric charge - around double what drivers currently get from competitors in its price range. Features will include automatic lane-changing.

Tesla's Chief Executive Elon Musk said it was the final step In the company’s plan to develop a "mass market, affordable car". 

Tesla says it plans increase its total car production to 500,000 units by 2020, up from 50,000 last year, as well as doubling the number of retail outlets it has worldwide to 441 by the end of 2017.

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