Pursuits
Model 3 ‘Hell’ Is Burning Tesla’s Other Projects
While consumers must wait until 2018 for a $35,000 electric car, efforts to fix bottlenecks are sapping resources elsewhere in Elon Musk’s empire.
There will be no $35,000 Teslas in 2017.
The electric carmaker updated its website for customer reservations on Wednesday, including a table that shows the base Model 3 won’t be available until some time next year. That follows a painful earnings call for Chief Executive Officer Elon Musk, who described the company as being in the “eighth level of hell” (there are nine, in case you’re counting). The stock price fell 8.9 percent on Thursday, the most in more than 16 months.