SAN FRANCISCO - Tesla says it is now taking orders for the long-awaited $35,000 Model 3, will close stores and move to online orders.
Tesla says it is now taking orders for the long-awaited $35,000 Model 3, a car for the masses that is essential for the company to survive.
The company says to reach the lower price, it's shifting all sales worldwide from stores to online only. Some high-traffic stores, however, will remain open.
The company will offer the standard base model, which can go 220 miles (350 kilometers) per charge. It also will offer a $37,000 version with a premium interior that accelerates faster and can go 240 miles (385 kilometers) per charge.
Tesla started taking orders for the Model 3 in March of 2016, but until now hasn't been able to cut costs enough to sell them for $35,000 and make a profit.
The cheapest one that could be ordered until Thursday started at $42,900.