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by Tim Beissmann

Telsa’s upcoming C-Class rival, the Tesla Model 3, could cost as little as US$27,500 ($33,800) after federal tax incentives in its domestic market when it launches in 2017.

Tesla CEO Elon Musk clarified earlier comments this week, revealing that the company’s planned mid-sized luxury model would cost US$35,000 ($43,000) before the US Federal Government’s rebate of up to US$7500 ($9200) on electric vehicles.

Musk’s confirmation of approximate pricing for the Tesla Model 3 followed General Motors’ Detroit motor show unveiling of the Australian-designed and -built Chevrolet Bolt concept.

Chevrolet announced it intends to bring a production version of the compact Bolt MPV to market from US$30,000 ($36,800), though Chevrolet’s quoted figure was after federal tax incentives, meaning Tesla’s premium sedan will actually undercut it by about US$2500 ($3100).

chevrolet-bolt

Though Tesla is still hard at work readying the twice-delayed Model X SUV for its mid-year launch, Musk shed some more light on the Model 3.

“[It] will be way different from any other car on the road,” Jalopnik reports, “in a way that’s really useful and just doesn’t feel like a weird-mobile.”

The more mainstream Model 3 will play a key role in Tesla reaching Musk’s ambitious sales targets, which he has set at 500,000 by 2020, and “at least a few million a year” by 2025.

Tesla sold approximately 33,000 Model S sedans around the world last year, though demand for both it and the Model X is strong.

Model S customers are currently forced to wait up to four months to take delivery of their vehicles, while Tesla has already presold every Model X it plans to build in 2015.

Tesla this week announced a new rear executive seating option for the Model S, allowing customers to swap the standard three-seat bench for twin chairs with added technology features and enhanced comfort.




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