Tesla debuts a pared-down version of its Model 3 sedan that costs $35,000. CEO Elon Musk also announced the company would be closing some of its stores.
) stock fell nearly 3% in after-hours trading on Thursday. But that was before the company finally revealed it was announcing that the $35K Tesla Model 3 is now available.Tesla's $35,000 Model 3 is finally available to orderThis is the car people have been waiting for since. For this money, you get 220 miles of driving range and a zero to 60 time of 5.6 seconds. You can also get a version with more speed and 240 miles of range for about $2,000 more.
In order preserve its profit margins, Tesla said that it's shifting all of its sales to online and closing"many" of its stores. But Tesla is also making it easier for people to return. Buyers will have 7 days or 1,000 miles during which they can return the car for a refund.There's an office pool and everybody here at CNN Business is in. The only thing we can be sure of is that somebody will buy doughnuts for the newsroom tomorrow.
There are two camps. The first is led by our resident car expert, Peter Valdes-Dapena, who thinks this will be an announcement about
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