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Tesla Model 3 is the cheapest electric car by the company: India pre-order and other key details
1 / 9Tesla Motors' Model 3, the cheapest electric car yet from the company has been the most anticipated electric car ever. People wait in line to pre-order the new Tesla in South Lake Union, Thursday, March 31, 2016, in Seattle. The car doesn't go on sale until late 2017, but potential buyers could reserve one with a $1,000 deposit at Tesla stores starting Thursday morning. Tesla Model 3 is the fourth all-electric car from Tesla. It joins the stable of Tesla Roadster, Model S and Model X. (Source: AP)
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2 / 9Tesla Motors unveils its Model 3 car at the Tesla Motors design studio Thursday, March 31, 2016, in Hawthorne, Calif. The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one. At a starting price of $35,000 before federal and state government incentives the Model 3 is less than half the cost of Tesla's previous models. (Source: AP
3 / 9Tesla Motors Inc. CEO Elon Musk speaks at the unveiling of the Model 3 at the Tesla Motors design studio Thursday, March 31, 2016, in Hawthorne, Calif. The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one. At a starting price of $35,000 before federal and state government incentives the Model 3 is less than half the cost of Tesla's previous models. (Source: AP)
4 / 9Tesla Motors' mass-market Model 3 electric cars are seen in this handout picture from Tesla Motors on March 31, 2016.
5 / 9A Tesla Motors mass-market Model 3 electric car is seen in this handout picture from Tesla Motors on March 31, 2016. (Source: REUTERS/Tesla Motors/Handout)
6 / 9The Model 3 is critical to the Silicon Valley automaker’s growth plans and to sustaining its lofty stock price. Tesla shares have jumped in recent days in anticipation of the Model 3 launch. (Source: Reuters)
7 / 9Three Model 3s were driven onstage. The compact sleek four-door car with no grille features a roof that is a panoramic pane of glass from front to back. (Source: Reuters)
8 / 9Musk said that 115,000 pre-orders had already been taken on Thursday alone for the car. Within a half hour, that number reached 137,600 in a rolling scroll projected onto a screen. (Source: Reuters)
9 / 9The Model 3 is crucial for Tesla to reach its goal of selling 500,000 cars per year by 2020. The success of Tesla’s Gigafactory, its battery factory near completion in Nevada, is also contingent on the Model 3. (Source: Reuters)
