Speed Reads

The future is (almost) now

Tesla delivers new economy model to select buyers

Tesla on Friday announced delivery of 30 of its new Model 3 cars to employee buyers, the first stage of the electric vehicle manufacturer's roll-out of its debut economy model. The Model 3 has a base price of $35,000, which is close to the average new car price in the United States and about one third of the base price on previous luxury Tesla models.

"It's an amazing car, but we're going to go through at least six months of manufacturing hell," said Tesla CEO Elon Musk, who reported the company has more than half a million reservations for the new model already.