Tesla Launches Base Model 3 for $35900 in Canada "After Savings" [u]

Elon Musk Moves Tesla Shares With Cryptic Tweeting About News To Come

On Tuesday, in a string of vague tweets, Musk said: "Thursday 2pm", then "California", then "Some Tesla news".

Production issues, higher prices and other delays have blighted the delivery of the Tesla Model 3 since 40,000 customers pledged an interest to buy the auto following its official unveiling in 2016.

Some Tesla stores will be kept on as display showrooms, Musk said, without specifying how many stores would be permanently shuttered.

The online sales shift, Tesla said, will let it lower all vehicle prices by 6 percent on average.

Musk also backed off of earlier guidance that the company would be profitable in all future quarters.

When Gary Bornstein spent $52,000 for a Tesla Model 3 last summer, he did it without taking a test drive or even seeing the vehicle that he now owns.

Tesla is closing all of its stores in a cost-cutting measure, so it can lower the starting price of its Model 3 to $35,000 (£26,400).

To be clear, there are many version of this vehicle. Panoramic sunroofs are standard, as is all of the hardware necessary for Tesla's Autopilot and Full-Self Driving Capability features, which can be activated at the time of purchase for $3,000 and $5,000, respectively.

Musk says the upshot is it'll be possible to order a new Tesla this way in under one minute.

Kate Middleton reveals she is feeling "broody" during royal visit
The Duke and Duchess visited Windsor Park and heard about the Irish Football Associations community projects. This evening, the Duke and Duchess were greeted by cheering crowds at the Empire Music Hall in Belfast.

Tesla (TSLA) will begin selling a Model 3 sedan with a base price of $35,000, the company announced Thursday afternoon. As for test drives, Tesla will offer buyers a seven day, or 1,000 miles, return period after taking delivery. Once there is greater infrastructure for electric vehicles, other customers will feel comfortable buying them, knowing that the infrastructure, like charging stations, is there to support their investment.

Company boss Elon Musk has long promised that the electric saloon would eventually be offered in a Standard-spec, and it is now available to order on the company's website, along with a new mid-range "Standard Range Plus" model created to bridge the gap to the current mid-range, long-range and Performance models.

As Tesla winds down these stores, it will make purchasing its vehicles online much easier.

Tesla had $3.7 billion in cash and cash equivalents at the end of December.

The new $35,000 price tag will get you the standard Model 3, which boasts a 220 mile range on a single charge, top speed of 130mph and a 0-60mph time of 5.6 seconds.

His agreement with the SEC, which also saw him step down as chair of Tesla, mandates Musk must seek board approval for any social media posts containing information deemed material to shareholders.

The upside for Tesla customers is a significant reduction in cost.

"Last year featured a number of idiosyncratic events that shaped the Tesla narrative and, just 2 months into 2019, it seems to be another year of significant volatility, driven by both economic factors and company-specific factors", Jonas wrote in a research note, reaffirming his equal-weight rating.

Related news:

Hot News

isis-killer-beheading-video-story-top North Korea Counters Trump's Claims About No-Deal Summit
Mar 01, 2019 - 06:25
The North Koreans must be made to see that the US side has viable options other than accepting whatever Pyongyang offers up. Still, he says Kim assured him he'll continue to hold off on nuclear and missile tests.

isis-killer-beheading-video-story-top Pakistan to release captured Indian pilot as 'peace gesture'
Mar 01, 2019 - 06:10
India and Pakistan routinely trade fire and blame the other for starting skirmishes along the frontier. He did not elaborate. "The guard over there just said we have to go down to the basement to sleep.

isis-killer-beheading-video-story-top Kyler Murray NFL Combine: Height, Weight, Measurements Revealed
Mar 01, 2019 - 05:46
Then, they'll do their on-field work at Lucas Oil Stadium, which includes: 40-yard dash, vertical jump, receiving and passing drills.

isis-killer-beheading-video-story-top Wilson-Raybould vs Trudeau: What political interference looks like
Mar 01, 2019 - 05:46
The prime minister said the federal ethics commissioner, Mario Dion, will settle disagreements over what happened. A conviction could bar the company from bidding on Canadian government business, potentially devastating it.

isis-killer-beheading-video-story-top Prime minister to be indicted for 'bribery, fraud'
Mar 01, 2019 - 05:41
Now we wait through months of pre-indictment hearings where Netanyahu's lawyers will try to convince Mandelblit to drop the case. President Donald Trump, with whom Netanyahu has forged a close connection, offered the Israeli leader a boost earlier Thursday.

isis-killer-beheading-video-story-top Khloé Kardashian throws shade at Jordyn Woods on Twitter
Feb 28, 2019 - 11:27
She has said on more than one occasion that she regrets what happened and that she values her relationship with the famous family. Some reports had Woods as completely drunk and blacked out during the alleged encounter with Thompson.

isis-killer-beheading-video-story-top Pochettino unrepentant in accepting misconduct charge
Feb 28, 2019 - 11:25
Though it is not our style to wish injury on a player, games of this magnitude are often decided by the fine margins. 'We didn't show the same energy as Burnley , the same attitude as Burnley , the same ambition as Burnley .

isis-killer-beheading-video-story-top Jürgen Klopp says Roberto Firmino injury not as bad as first thought
Feb 28, 2019 - 09:25
You know what was written and said about us. "It is not like this, and today we showed how smart and intelligent we are". It is not I go in the dressing room and someone tells me the [Man City] result and I have a heart attack.

isis-killer-beheading-video-story-top LeBron James was not calling out teammates in 'distractions' quote
Feb 28, 2019 - 08:30
The LA franchise are reeling in 11th place in the Western conference and have a tough run up for fixtures going into the playoffs. We do our job at a high level and that's not a distraction. "He's still - to me - I think he's pretty much still injured".

isis-killer-beheading-video-story-top US suffers setbacks in effort to ban Chinese tech company
Feb 28, 2019 - 07:43
The phone tries its best to tick all the right boxes and provide a complete experience which not very smartphones tend to achieve. The folks over at Nokia did, however, confirm the fact that the Nokia 9 isn't their flagship phone and a sort of experiment.

isis-killer-beheading-video-story-top Shoe business: NBA lifts Cousins' technical foul
Feb 28, 2019 - 07:27
In the fourth quarter, Cousins received a technical foul when he threw Jeremy Lamb's shoe, which had fallen off, out of the lane. Tonight was one of those games for Steph. "He got the technical, so I guess that's the rule".

isis-killer-beheading-video-story-top War clouds gather over Pakistan, India as other nations urge calm
Feb 28, 2019 - 06:25
Pakistan retaliated by shooting down an Indian MiG-21 aircraft and capturing a pilot, while India said it downed a Pakistani jet. The official says the incident occurred after at least three Pakistan combat jets entered India-administered Kashmir airspace.

isis-killer-beheading-video-story-top Man City's Fernandinho, Laporte out until mid-March with injuries
Feb 27, 2019 - 08:44
And it was that fact which most impressed Guardiola, who was asked about the extent of Sterling's potential. It looks set to be a strong match in South London on Wednesday.

isis-killer-beheading-video-story-top Vatican has 'utmost respect' for justice after Pell conviction
Feb 27, 2019 - 07:15
A jury in the County Court of Victoria in Melbourne had found Pell guilty on December 11 past year following a four-week trial. A jury found him guilty of sexually abusing two choirboys when he was archbishop of Melbourne in the late 1990s.

isis-killer-beheading-video-story-top Man Spends $540 on Cookies to Get Scouts Out of Cold
Feb 27, 2019 - 06:30
She said he bought $540 worth of cookies so they would "get out of this cold". "This man purchased 7 packs of cookies", the viral Facebook post read.