Economy, Auto

Tesla Unveils Model 3

Tesla Unveils Model 3Tesla Unveils Model 3

After 10 years of waiting, Tesla has revealed Model 3, the vehicle that CEO Elon Musk hopes will take the electric car to the masses. At the unveiling of Model 3 at the company's design studio in Hawthorne, California, Musk said the car will deliver at least 215 miles of range beginning at just $35,000—that's a bold claim, and an important one for Tesla to meet, The Verge reported.  Musk is "fairly confident" that deliveries will begin by the end of 2017, and "you will not be able to buy a better car for $35,000, even with no options". And it will be one of the safest cars in the world, according to Musk. Tesla says more than 130,000 preorders—buyers need to put $1,000 down—have been placed and that number will continue to rise.