The Tesla Model 3, the American firm's third model and an all-electric rival for the BMW 3 Series, Mercedes-Benz C-Class and Audi A4, will be revealed early on Friday morning.
The Tesla Model 3 has now been unveiled. Click here to read about it.
The unveiling of the Model 3 will take place via a live stream event, which you can watch here. It is due to start at 4.30am UK time. Customers around the world have already begun queuing to place orders in such large numbers that Tesla boss Elon Musk has revealed that they have been capped at placing deposits for two cars. Some analysts are suggesting that first-day deposits could total 50,000 cars - an unprecedented level of interest for a new car, especially given the Model 3 is at least 12 months from production.
As Tesla's teaser images have shown, the Model 3 is about three quarters of the size of the current Model S and sits at the bottom of Tesla's range. It joins the Model S saloon and the recently revealed Model X SUV.
The Tesla Model 3 has now been unveiled. Click here to read about it.
Prices for the Model 3 have yet to be set, but in the US it's expected to cost around $35,000, which is equivalent to around £25,000. However, once the cost of bringing the car to the UK has been taken into account, prices are likely to rise to around £35,000.
Few details about the Tesla Model 3 have been revealed, but sources have indicated that performance up to 62mph could eclipse that of the BMW M3, which records a 0-62mph time of 4.1sec. Sources suggest the Model 3 will have a range of up to 300 miles on a single charge.
Initially, it was thought that Tesla's crucial third model would arrive late last year, but Tesla boss Elon Musk has since explained that his firm's Gigafactory - which will produce batteries for all Tesla vehicles - needed to be up and running before the car came out. The Gigafactory is currently being built with partner Panasonic and is due to open in 2017. It's claimed the Gigafactory will revolutionise the way in which batteries are produced for electric vehicles and bring crucial economies of scale for Tesla.
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joakimanden
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Looks good and nice and very good value.
Bullfinch
Wonder if they'll sell any in Cornwall?
xxxx
Pushing BMW
As this sector is where there's money to be made it should push BMW and others to bring out Electric/ range extenders a sooner rather than later. Just as well they linked uop with Toyota!
MasJohnson
A rival of BMW
With the features of these new Model S saloon truly it will bring rivalry to bmw , toyota, ford and other manufacturers of automotives that are producing electrically powered vehicles. But still it will be a tough competition among other auto manufacturers since quality would always be at stake and performance.
Daniel Joseph
SPAM SPAM SPAM SPAM SPAM SPAM!!!!!
xxxx
BMW etc
bol
I found the spam quite refreshing
Daniel Joseph
@bol
Campervan
Luddites
The considerable amount of energy you claim is used in refining and transporting petrol and diesel is 15%. About 10% of electricity generated is lost though transmission and transforming especially from small sources like wind and Solar power usually in remote paces.
I expect this Tesla will retail for £35k to £50k with a range of 150 miles up to about 230 for more expensive versions in real world use just like the bigger S model.
To compare Tesla with BMW is a joke, just look at the warranty problems with Tesla from US and Austrailian websites. Your typical BMW driving executive will not want to be limited to such a short range with very few charging points.
si73
price
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