Elon Musk Unveils 'Cheap' Tesla Model 3

Tesla Motors gave a sneak preview Thursday (March 31) of its Model 3 sedan, saying more than 130,000 people had ordered the car, even though it is more than a year away from production.

Tesla Chief Executive Elon Musk unveiled a prototype of the Model 3 in Hawthorne, California outside Los Angeles to hundreds of Tesla owners and the media, saying the vehicle will go into production in 2017 at a starting price of $35,000.

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