Tesla Model 3 Revealed

Elon Musk’s EV vision, laid out nearly Ten years ago, is finally here. At an event in Hawthorne, California on Thursday, the CEO officially unveiled what Tesla has been working toward all along, the Model 3, easily the automaker’s most important car yet.

This information is key if Tesla really does want to become a household name outside of the 1 percent. So far, Tesla vehicles have only been attainable for the affluent, but with the Model 3, the automaker is promising to deliver a car that anyone can buy. And it won’t compromise on features to attain that base price.

Tesla’s new car will hit the market as its bigger rivals begin to launch cars that could more directly compete. General Motors Co. aims to launch an electric small car later this year, capable of 200 miles on a charge, and Volkswagen AG’s Audi brand is planning an electric sport utility.