Tesla Delivers First Lower-Cost Model 3 Cars

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The new Tesla Model 3 is an entirely electric semi-autonomous vehicle made to be the accessible and groundbreaking.

These battery packs are expected to reduce the per-kilowatt-hour cost of its battery by more than 30%, which, in turn, allows the company to make a mass-market electric auto 50% cheaper than its luxury Model S.

CEO Elon Musk hosted the event and revealed details of the various versions of the vehicle and add ons that customers could buy.

Investors began to rally last week as the automaker prepared to hand over the first 30 Model 3 sedans during a splashy ceremony last Friday.

Musk opened up on Twitter after responding to a follower discussing his Instagram account, pointing out how the photos portray the Tesla and SpaceX founder's "amazing life". Musk spoke about how the following months are going to be hell after possible manufacturing problems. The compact Model 3 may not entice a global market that's increasingly shifting to SUVs, including all-electric SUVs from Audi and others going on sale soon. That makes the 3 a hugely significant vehicle, not just for the rest of the world, but for Bangladesh as well. Model 3 owners are likely to have only the Tesla to drive, so any quality issues could pose a serious headache, he added. The Model 3 is one of the most technological cars you can find.

An ample supply of battery packs will be crucial as Tesla goes from producing 100 Model 3 vehicles in August to 20,000 in December.

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Tesla's share price has surged 54 per cent since January in anticipation of the Model 3 launch, and Tesla's pricey valuation now exceeds that of traditional rivals like General Motors Co and Ford Motor Co.

Tesla appears to inspire the kind of enthusiasm Apple's iPhone generated among its fans and customers, Sacconaghi said.

A Reddit user claiming to work for robot making company Kuka posted the images of what he says are 467 robots being delivered to the car-making firm's California HQ.

'With years of experience, we are the master in the design of flexible and efficient production processes'.

The company's desire to move beyond its current position as a niche maker of luxury cars largely rests on the Model 3.

An S-shaped graph revealed their ambition to produce up to 5,000 Model 3s a week by the end of the year and 10,000 a week by the end of next year.