For Tesla, everything is riding on the Model 3.
The electric car company’s newest vehicle was delivered to its first 30 customers, all Tesla employees, Friday evening. Its $35,000 starting price, half the cost of Tesla’s previous models, and range of up to 310 miles (498 km) could bring hundreds of thousands of customers into the automaker’s fold, taking it from a niche luxury brand to the mainstream. Around 500,000 people worldwide have reserved a Model 3.
Those higher sales could finally make Tesla profitable and accelerate its plans for future products like SUVs and pickups.
Or the Model 3 could dash Tesla’s …read more