Tesla Model 3 to go into production in 2017: CEO Musk

Fri Apr 1, 2016 12:18am EDT
 
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HAWTHORNE, California (Reuters) - Tesla Motors (TSLA.O: Quote) gave a sneak preview Thursday of its $35,000 electric car that is critical to the Silicon Valley auto maker's growth plans and soaring stock value.

Chief Executive Elon Musk said the model 3, with a minimum range of 215 miles per charge, would go into production in 2017.

Musk said 115,000 pre-orders had already been taken for the car.

(Reporting by Alexandria Sage, Editing by Clarence Fernandez)

 
The Tesla logo of a parked vehicle is pictured as people wait in line near a Tesla Motors store to place deposits on the electric car company's mid-priced Model 3 which is expected to cost around $35,000 in Pasadena, California, March 31, 2016. REUTERS/Mario Anzuoni