Elon Musk reveals launch dates, prices of next Tesla models

Bypassing the convention of a carefully worded press release, serial entrepreneur and Tesla Motors CEO, Elon Musk, revealed the projected delivery dates and MSRPs for the California-based electric vehicle company’s next two car models through his Twitter account on Wednesday.

“With same options, Model X is $5k more than an S due to greater size & body complexity. Sig Series is fully loaded, hence high price,” Musk tweeted of the company’s Model X SUV crossover that will carry a hefty US$132,000 price tag fully loaded. “First production cars will be handed over on Sept 29 at our Fremont factory.”

As to the Model 3, Musk suggested that Tesla’s planned entry-level EV would start production in 2017 and carry a substantially lower sticker price provided the company’s Reno, Nevada-based Giga-factory is producing batteries in quantity.

“Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed,” Musk tweeted. “$35k price, unveil in March, preorders start then.”

While the announcements make clear that two of Tesla’s three electric cars will demand six-figures, the company’s latest model S P85D luxury sedan reportedly broke Consumer Reports‘ quality test with a rating of 103 on a 100 point scale. It will be interesting to see if Tesla’s next two models can match or exceed it.
www.teslamotors.com