Tesla's newest, the Model 3, was supposed to be the mass-market model, moderately priced at $35,000. Now in just its second year of full production, the price ranges from $45k to $65k depending on the options you choose. It's been pricier than expected.
Of all vehicles sold in America last year, only 1.2% of them were electric vehicles (EV). So EV's make up only a small number of all vehicles sold.
Despite all of this, "The Tesla Model 3, an electric sedan with a starting price that just got reduced to $42,900, was the best-selling luxury vehicle of any kind last year."
Over the next couple of years, other brands like Audi and Porsche will introduce their own EV's - more direct competition in the luxury class.
(cont'd tomorrow)
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