Press. voanews.com
Electric car maker Tesla says its much-ballyhooed Model 3 car for the
masses will go on sale on Friday. CEO Elon Musk made the announcement Monday on
Twitter. The car is to start around $35,000 and with a $7,500 federal electric
car tax credit, could cost $27,500. Tesla says the five-seat car will be able
to go 215 miles (133 kilometers) on a single charge and will be sporty,
accelerating from zero to 60 miles per hour in under six seconds.
Musk had said that production was on track to start in July, but Tesla
has often faced delays in getting vehicles to market. The Palo Alto,
California-based company aims to make 5,000 Model 3 sedans per week by the end
of this year and 10,000 per week in 2018.
Tesla hasn't said how many people have put down $1,000 refundable
deposits for the Model 3, but Musk has said people who put down a deposit now
won't get a car until the end of 2018, suggesting it could be close to 500,000.
Whether Tesla can meet its production goals is an open question. Its
last new vehicle, the Model X SUV, was delayed nearly 18 months. Musk says the
Model 3 is much simpler to make, but 14-year-old Tesla has no experience
producing and selling vehicles in high volumes. Tesla made just 84,000 cars
last year. Bigger rivals like General Motors, Volkswagen and Toyota routinely
sell around 10 million vehicles per year.
Even if the Model 3 is on time, servicing all those vehicles will still
be a challenge. Model S and Model X owners are already worried about having to
share Tesla's company-owned charging stations with an influx of new cars. And
while Tesla is promising to increase its network of stores and service centers
by 30 percent this year, it began 2017 with just 250 service centers worldwide.
That leaves many potential owners miles from a service center.
Musk has said a new fleet of mobile service trucks will be deployed to
help customers who are far from service centers. Tesla also plans to double its
global high-speed charging points to 10,000 by the end of this year and
increase them by another 50 percent-100 percent in 2018.
Until recently, Tesla owned the market for fully-electric vehicles that
can go 200 miles (324 kilometers) or more on a charge. But that's changing. GM
beat Tesla to the mass market with the Chevrolet Bolt, a $36,000 car that goes
238 miles (about 200 kilometers) per charge. Audi plans to introduce an
electric SUV with 300 miles (486 kilometers) of range next year; Ford will have
one by 2020. Volkswagen plans more than 30 electric vehicle models by 2025.
Automotive competitors like Mercedes and Volvo - not to mention tech
companies like Google and Uber - can also match Tesla's efforts to develop
self-driving vehicles. And they have deeper pockets. Tesla has had only two
profitable quarters in its seven years as a public company.