Hyperdrive

Tesla to Start Deliveries of Dual-Motor Model 3 in July

  • Model 3 performance version to cost $78,000, Musk says
  • Tesla owners will be able to request ranger service via phone

Tesla Sets $78,000 Price Tag on Mass-Market Model 3

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Tesla Inc. Chief Executive Officer Elon Musk has revealed the specifications for two new versions of the Model 3, the car that is intended to be the company’s first high-volume vehicle.

The performance version, and a less expensive dual-motor, all-wheel-drive option for the company’s Model 3 sedan come as Musk faces pressure from investors to reform Tesla’s nine-member board in the wake of production delays for the model. Deliveries will begin in July, he said in tweets posted Sunday.