The ‘Small’ Tesla Model 3 May Have Serious Cruising RangePosted: June 11, 2015
Sometimes you see something you know will be a game changer. While a lot of eyeballs have been on Apple’s WWDC this week, Elon Musk spoke at the Edison Electric Institute get together in New Orleans. According to bgr.com, Musk let it drop that the compact Model 3, which is 20% smaller than the pricey Model S, Will have a driving range of at least 250 miles. If Tesla holds to the $35,000 price point on the smaller car, they won’t be able to build these things fast enough, and other car makers will breathlessly be trying to play catch up. The Model 3 will be rolled out next March, and should be launching in late 2017.
On the subject of the aforementioned Apple, major supplier Foxconn is reportedly in talks to open a factory in India. Reuters says this would allow them to avoid the wage inflation in China, and in addition help them keep Apple business in a market Apple wants to develop. Foxconn is shooting for developing 10-12 facilities in India, between factories and data centers…all by 2020.