Consumers who have been anticipating the Tesla Model 3 can now put down their money on one as Tesla Motors CEO Elon Musk confirmed that the company will already be accepting reservations for $1000 in physical stores and online beginning March 31 and April 1, respectively.
Model 3 reservations (00 down) will be accepted in Tesla stores on March 31 and online April 1— Elon Musk (@elonmusk) 11 February 2016
Car enthusiasts have expressed their disappointment, however, with the lack of signature series for the upcoming electric car. Some are hoping they could get a red/maroon version of the Model 3.
No signature series for Model 3. Same reservation amount for all.— Elon Musk (@elonmusk) 11 February 2016
The Model 3 electric car, which is the company's first affordable offering to the public, is expected to be unveiled on March 31. It might not be a full reveal, though.
When Musk was asked during a Q&A at a Tesla event in Chambourcy, France of his plans of showing a glimpse of the car, he replied, "The first pictures of the Model 3 will be end of March. I'm being a little coy here. We're not going to show everything about the Model 3 until a lot closer to production time."
Tesla spokeswoman, Khobi Brooklyn, also confirmed to Bloomberg earlier this month that they are going to stick to their promised price tag of $35,000.
"We can confirm it's $35,000 before incentives. We haven't changed our minds," she said.
The car is said to be about 20 percent smaller than the Model S and will be powered by batteries that are going to be produced in Tesla's new Gigafactory located in Nevada. Moreover, it is expected to have a range of over 200 miles.
"We want people to fall in love with their car and look forward to driving it," Musk told Auto Express.
As with Tesla's other cars, Model S and the upcoming SUV Model X, the Model 3 will have a free use of the company's Supercharger network.
The Model 3 will go into production in 2017 and first deliveries may happen in the middle of the said year.