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Tesla Model 3 Set To Replace Model S As The Cheapest Tesla Car

By Donna Bellevue , Mar 20, 2017 05:02 AM EDT
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LAS VEGAS, NV - JANUARY 03: A Tesla Model S P100D in Ludicrous Mode is shown during a speed test against Faraday Future's FF 91 prototype electric crossover vehicle (not shown) during the FF 91's unveiling at a press event for CES 2017 at The Pavilions at Las Vegas Market on January 3, 2017 in Las Vegas, Nevada. The 1,050-horsepower FF 91 features autonomous driving with 3D lidar and can go from 0 to 60 mph in 2.39 seconds. CES, the world's largest annual consumer technology trade show, runs from January 5-8 and is expected to feature 3,800 exhibitors showing off their latest products and services to more than 165,000 attendees. (Photo : Ethan Miller/Getty Images)

Tesla Motors have recently discussed in a conference call that Model 3s are already on the works, while production of Model S has been discontinued. So-called "release candidates" of the newest low-priced Tesla green car have also been introduced by CEO Elon Musk. The "investor-only" conference call also discussed the new $1.2 billion (approx.) capital raise announced this week.

It took Tesla a short time to introduce its newest cheap car. This makes people speculate that the popular electric car company is hitting quality targets faster than expected. Elon Musk explains that prototypes of the car being built now are “almost entirely built with production tooling”, that's why they call it “release candidates” instead of the expected beta prototypes.

Musk adds that the quality of the release Model 3 candidates is higher than it was for the Model S or X. Tesla's move to replace the cheap Model S, worth $68,000, with an even cheaper Model 3, at a price of $35,000, is part of Musks campaign of making green cars more easily available to the general consumer. According to Forbes, the electric-car maker have already sent emails to customers last week, informing potential customers interested in Model S that April 16 would be the last day to order the vehicle.

The move would help further distinguish the Model S as a higher-end option for customers, The Motley Fool reports. Musk have also described the feature of the company's newest cheapest car. He explains that the Model 3 only has one screen, whereas the Model S and Model X have two screens with two separate computers powering each screen.

Also, while Model S has three kilometers of wiring, Tesla simplified the wiring system considerably in Model 3 with only 1.5 kilometers of wiring. Several bells and whistles present on a Model S and Model X are also removed on Model 3. There aren't any self-presenting door handles, or falcon-wing doors to reduce the risk substantially in the ramp, and make it just easier to scale.

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