Tesla Model 3 preorders reach extraordinary numbers

The opening weekend for Tesla’s new lower-priced EV was a massive success spawning over 270,000 preorders. The company’s CEO Elon Musk revealed in a tweet that he posted on Sunday that the number of global preorders for the Tesla Model 3 reached 276,000 by the end of Saturday of its opening weekend. While this is a huge number, it’s not entirely surprising because on the Thursday evening when the highly anticipated lower-cost electric vehicle (EV) was first unveiled in Los Angeles, California, the number of deposits then had already surpassed…

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New electric vehicles from Tesla could be more affordable than their predecessors

Tesla wants its new vehicle to compete with the BMW 3 series Tesla Motors has plans to develop a new electric vehicle that will compete with the BMW 3 series. Tesla’s Elon Musk has been quite vocal about these plans recently, but whether or not Tesla has the ability to compete with BMW is not the question. The question is whether or not the automaker will be able to produce a vehicle that can compete with others in terms of price. Batteries make clean vehicles more expensive than their conventional…

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