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2017 A Big Year for Tesla Motors

Tesla Model 3 Hits the Road while Tesla Truck is Set to Unveil in September

SEATTLE, WA / ACCESSWIRE / April 20, 2017 / 2017 is going to be a monumental year for Tesla Motors. The pre-orders of the Model 3 are hitting the road and the recently announced Tesla semi-truck set is set to unveil in the fall. Elon Musk has positioned Tesla as a potential big-time player in automotive industry.

The Model 3 is an important component of Tesla's mission to fast-track the world's transition to sustainable energy. Tesla's mass-market vehicle, which will be priced at around $35,000 before tax incentives and serve up 200 miles of range on a single charge, is scheduled to launch in late 2017. There's skepticism about whether Tesla will be able to meet that goal, but the Model 3 should be far easier to build than the delayed Model X SUV was. This is said to be Tesla's most important execution point of the entire year. Bringing in the Model 3 on time will support Musk's promises and ambitions. The vehicle will also enable Tesla to start fulfilling the nearly 400,000 preorders that have come in for the vehicle. Interested buyers put down $1,000 each to reserve a Model 3.

Tesla aims to produce 500,000 cars per year by 2018 and one million vehicles by 2020. To put that into perspective, Tesla only produced about 76,000 vehicles in 2016. The Model 3, though, will be easier to produce than Tesla's current vehicles, the Model S and X, which should help the company reach its lofty goals, Musk has said.

"Model 3 is just a smaller, more affordable version of Model S with less range & power & fewer features," Elon Musk said via Twitter in March. "Model S has more advanced technology."

While that may be true, Musk has said that the Model 3 will also come equipped with Autopilot hardware that can be activated for a fee. Musk has also said that the new car could also come with the option of a solar roof.

Musk said via Twitter that the company will reveal an electric semi-truck in September and its first pick-up truck in 18 to 24 months. Shares of Tesla jumped nearly 3 percent on Thursday after Musk said the electric car company expects to unveil its planned commercial truck in September. Shares of Tesla have surged 41 percent to record highs this year, and the Silicon Valley company briefly became the largest U.S. car maker by market capitalization, temporarily surpassing General Motors.

Tesla has a big year ahead as they continue moving toward making electric cars more accessible to the public. As Tesla continues to become more affordable and diversify its cars, it may eventually outrank traditional car making companies. The future is looking more sustainable than ever.

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SOURCE: Emerald City Journal