Now that the car has officially launched, Tesla CEO Elon Musk revealed all the juicy details that the company has been reticent to divulging up until this point. For starters, there will be two battery options for the Model 3: Standard and Long Range:
- 220-mile driving range
- 0-60 time of 5.6 seconds
- Top speed of 130 mph
- 310-mile driving range
- 0-60 time of 5.1 seconds
- Top speed of 140 mph
310 miles range for under $45,000 doesn’t sound too bad, but once you start adding on options, the Model 3 can get pricey really fast. For starters, black exterior paint is standard. However, if you want to choose any other color (blue, silver, red, white, etc.), you’re looking at paying an extra $1,000. Want [limited] Autopilot functionality? That will cost you an extra $5,000. Do you want to have fully autonomous Autopilot when the software is ready for primetime? Well, you’ll need to pay an additional $3,000 for the extra sensors necessary to make that happen.
If the base wheels look too small for you, you can pony up $1,500 for the 19-inch wheel option. If you have another $5,000 to spend, you can upgrade to the Premium package which adds power and heated seats, LED lighting wood interior trim and a tinted glass roof. When all is said a done, a fully loaded Model 3 will cost you just shy of $60,000. For reference, a base Model S costs $68,000 and has a driving range of around 250 miles.
Tesla is looking to ramp up production quickly between now and the end of 2017, with 5,000 vehicles rolling off the assembly each week by December. At this rate, Tesla will take quite a while to get through the backlog of a couple hundred thousand orders. According to Musk, if you place an order today, you should have the vehicle in your driveway by the end of 2018.