Tesla unveils $35,000 standard Model 3, shifts worldwide sales to online-only

Tesla unveils $35,000 standard Model 3, shifts worldwide sales to online-only

Tesla unveils $35,000 standard Model 3, shifts worldwide sales to online-only

Tesla also operates a network of 79 service centers in 26 states and Musk said the company plans to hire more service technicians. A tech-savvy generation that grew up ordering goods online from Amazon sight-unseen has reached car-buying age and is Tesla's target market.

Tesla opened the 100 Lake Destiny Drive dealership in 2015 after relocating from a smaller facility in Longwood.

For existing Tesla customers, maintenance would shift to mobile fix crews.

Gairns said: "Tesla's announcement that they are closing most of their retail outlets will force the whole industry to accelerate the move to online auto sales and is yet another example of where the industry is following behind other sectors such as finance, retail and electronics". All other new-car sellers in the US rely on independent dealerships to reach customers. The answer: people who understand civilization could easily collapse if climate change is not addressed in a timely fashion, and people who want the best vehicle ever made by many accounts.

The latest cut finally fulfills Musk's promise of offering the Model 3 at $35,000 before incentives.

Yep, the base Tesla Model 3 is now available for order... in the US. The company's shares were down about 3.6% after hours.

He said shifting to an online sales model, cutting jobs and reducing spending on marketing will allow Tesla to offer the lower vehicle price.


A U.S. consumer who places an order for the Model 3 at its new lower price will likely get it by the end of June before a tax credit for electric vehicles is scheduled to be reduced, Musk said.

Retailers from Amazon to Apple to traditional automakers have trumpeted the benefits of physical stores, and Apple and automakers also rely heavily on advertising, which Tesla has eschewed, making the electric carmaker an outlier in its dependence on the web. In 3-5 years, many Tesla vehicles are going to be needed as self-driving taxis. Tesla also said Thursday it now expects to record a loss in the first quarter.

"You can now buy a Tesla in North America via your phone in about one minute, and that capability will soon be extended worldwide", the statement said.

Still, the price drop could quell concerns from some analysts that demand for the higher-priced versions of the Model 3 was beginning to dry up in the United States, especially after a federal tax credit was cut in half this year.

Tesla debuted the $35,000 Model 3 almost five years after the firm first announced it would offer an affordable version of the luxury sedan.

When asked by a reporter whether he anticipated Tesla will turn a profit during the first quarter of 2019, Musk said it isn't likely - but Tesla could be in the black by Q2.

Although Musk corrected his mistake, the USA regulators slammed the Tesla CEO because he "once again published inaccurate and material information about Tesla to his over 24 million Twitter followers".

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