Tesla Model 3

The Tesla Model III

by Derek Kubik on April 20, 2016

On March 31, 2016 Tesla Motors held the unveiling event for the Tesla Model III. Tesla feels it’s very important to speed up the transition to sustainable transport and the Model III is most affordable Tesla vehicle to date. Furthermore the Model III is a culmination of the Tesla master plan; start with a low volume high price vehicle (the Roadster), then make a medium volume not as high priced vehicle (the Model S) –  this platform also extended into the Model X. Finally with the revenue from the Model S and X, Tesla developed their high volume affordably priced vehicle – the Model III.

Tesla Model 3 front sideImages from: Teslamotors.com

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Tesla Model X

Photo Credit: Jeremy C. Owens/MarketWatch

The price of Tesla Motors Inc. shares dropped to the lowest point in the last two years in February. The share price dropped 9 percent to $147.99 on February 8th and hit a low of $143.67 on February 10th, which is the lowest that it has been since January 2014. The drop in the price is due to two main concerns: cheap gasoline in the United States and questions over whether Tesla can meet their production schedule for 2016.

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