Tesla Motors to Ramp up Production of its Model 3 Electric Car to Meet Growing Demands

The Mode 3 of Tesla Motors is a new venture in electric car, and may come at an affordable price, for which hundreds of people are already lining up to reserve a purchase sport. The beginning cost of the vehicle is $35,000 that is said to be without state and federal government incentives. As per market research reports, it is definitely a lot cheaper by half the cost of previous models launched by Tesla. The CEO, Elon Musk says there are positive future prospects in electric vehicles (EV) for automotive industry.

This California-based giant is now full with only few vehicles on road unlike General Motors and Ford. But, Model 3 of Tesla has huge scope in the market. The production is set closer to the end of 2017 year. Here are 6 things that will inform you better about this budget-friendly electric car, which you can plug to your wall.

·         Base model cost of the car is $35,000 (USD).

·         It can accommodate five adults seating.

·         Acceleration rate will be 0 to 100 km/h in less than 6 seconds.

·         Front and back trunks available.

·         Autopilot capacities for ease of drivers.

·         Travel capability of 345 kilometers per charge.

Charging Points to Fuel the Vehicle

The company has also released the look of the vehicle, so we get the idea that road trips would be much funnier and adventurous with EV. On a full battery, Model 3 can give a run to its competitors for the traveling distance. People will be able to drive back from home to work and perform daily errands in a jiffy without having to re-charge the battery again and again. The charging mechanism would be simply, a plug inserted on the wall, no noise and no pollution.

People can handle a day’s drive for regular routine in Model 3, and they can always route to ‘Superchargers’ station for feeding the car with electric fuel.  As per the SWOT analysis, Tesla will hold the advantage of hosting free-of-cost power stations across various regions of the world, which can perk the car within minutes that is 40 minutes of drive on 80 percent charge and 75 minutes of road journey on 100 percent charge.

Grand Features and Mileage Facts

In Canada there are 17 such power stations compared to 9 and 8 for Alberta, B.C. and Ontario, Quebec respectively. There would be addition to these supercharging points in 2016. As per analysis, trips from Toronto to Montreal or Vancouver to Calgary can be done in one day. As there is hundreds of charging sports spread over the U.S. traveling from coast to coast will be easier if heading south to the border.

Tesla Mode 3 has some awe-inspiring features:

Clean Air Inside: The EV can go Bioweapon Defense Mode, as it will be packed with air filtration system, which can eliminate air pollutants. The system engages complex mechanism with high concentration of airway particulate element. After two minutes from engaging this facility, the air quality in the vehicle became breathable and good from being hazardous. The methodology will scrub away 40 percent of external pollution from reaching the car.

Faster Acceleration: The electric car will also have option facility named ‘Ludicrous Mode’, which will allow the vehicle to accelerate faster than available Tesla models or at the same level. However, it may increase the cost, but decrease travel time by 10 to 60 percent. So, if anyone wants to navigate faster on a non-busy road, then Tesla Motors has got the right thing to offer.

Revenues and Losses in Question

The EV giant will also earn great revenues from the car, with a week of preorder reserve amounting 1,000, and above $300 million cash already, not forgetting 325,000 people who have already pre-ordered the vehicle. If the base models are followed, then each will cost $42,000 USD, grossing more sales more than $11 billion pretty soon. However, profit-making is not the concept of the automaker, who says it took a decade to first run into quarterly profit, as the firm loses $4,000 on every car.

A lot of money the company earned from selling their Model X and Model S were reinvested in Gigafactory in Nevada project, which in 2013 produced more lithium ion batteries than what is manufactured worldwide. But, Tesla Motors are gung-ho about increasing their EV production fivefold to satisfy their customers.

The Arrival of Model 3 into Market

The car will hit the market in 2017, though people are already allowed to pre-order the vehicle. This holds true for early orders only, and for others, it can be until 2018 or end of this decade until the delivery is made. The company is escalating the production by half a million per year by the 2018. However, the goal seems to be big for Tesla Motors, who churned out only 50, 000 vehicles in the year of 2015. So, if anyone wants to ride this fantastic car, they better hurry and pre-order it soon.