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Tesla Launches Base Model 3 for $35,000, Electrek Says

Tesla’s shares had previously rallied 5.7 percent after a cryptic Twitter post in which Musk teased “Tesla news”.

Tesla Launches Base Model 3 for $35,000, Electrek Says
Tesla Model 3. (Source: Tesla)

(Bloomberg) -- Tesla is launching a long-promised standard Model 3 at a base price of $35,000, Electrek reported, citing an email sent to its retail stores.

  • New options will be available to order in the U.S. today
  • Details are expected to become available in the next hour
  • Tesla shares fell 0.9% in post-market trading
  • NOTE: The electric carmaker’s shares had previously rallied 5.7 percent after a cryptic Twitter post on Wednesday in which Musk teased “Tesla news”

To contact the reporter on this story: Nathan Crooks in Miami at ncrooks@bloomberg.net

To contact the editor responsible for this story: Clementine Fletcher at cfletcher5@bloomberg.net

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