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You can pre-order a Tesla Model 3 for $1,000
(Kevork Djansezian/Getty Images)
Elon Musk
By now, you may have heard that Tesla's entry-level vehicle, the $35,000 Model 3, will have its worldwide debut next month.
Tesla CEO Elon Musk just passed off a bit more information about the upcoming launch; pre-orders will begin on March 31, the same day as the reveal, and you can reserve one for $1,000.
There won't be a "signature series" for this entry-level EV. That option was offered on the Model S and Model X when they went on pre-order years ago.
Signature models were among the first to roll off the assembly line, and they were loaded — in features and in price.
A signature series Model X costs over $130,000 new.
But, according to Musk's tweets, there won't be any of that for the Model 3. He also notes that reservations for the Model 3 can be made at Tesla dealers on March 31, and online beginning April 1.
Here's what Musk tweeted late Wednesday:
No signature series for Model 3. Same reservation amount for all.
— Elon Musk (@elonmusk) February 11, 2016
Model 3 is an important platform for the electric-car company that's best known for its Model S sedan and Model X SUV. The S and X are both immensely capable luxury automobiles to be sure, but their respective sticker prices put them out of reach for the average car buyer.
(Screenshot via YouTube)
The Model 3 line, which will yield a sedan and a small crossover SUV, is Tesla's most-anticipated offering for reasons that Business Insider's transportation team has laid out in great detail.
In short, the Model 3's $35,000 price tag opens Tesla up to more people, which could mean greater sales volume, and ultimately help Tesla become a mass-market carmaker.
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