While the bar is set high, Elon Musk is determined to get there.
Just one year after Tesla chief executive officer Elon Musk sent a tweet saying his car company had “wheel well into Tesla hardware” — a reference to its updated, more expensive Model 3, complete with a $35,000 factory upgrade to boost production — the billionaire is set to charge $25,000 for a fully customized 2019 Model 3.
The big question, of course, is: What will it cost when the March 2019 vehicle rolls out into the real world.
Mr. Musk notes that no comparable Model 3 will ever come into production. But as Consumer Reports recently asked, “Should the range anxiety of heavy, expensive vehicles be a harbinger of doom for the car industry?”
Luckily, the man most likely to sell a Model 3 is currently a competitor for Tesla as well. Way more than a year after Mr. Musk’s tweet, China is powering in on Tesla, also announcing production capacity expansions at a Model 3 factory in Shanghai and at a China-based factory for the Model S. And together, the company has worked with the Shanghai Public Security Bureau on the necessary code and certification to successfully start the final physical production of each car.That’s nice of Mr. Musk, but does it make you any less confident that he’ll keep the car company’s dream alive? READ MORE: 20 Insanely Awesome Elon Musk Ideas for a Startup READ MORE: Elon Musk: $0 Warrants Reforms, A Strategy For Europe Is Proactive And Prettified