Nine things to know about the new Tesla Model 3

Nine things to know about the new Tesla Model 3

A new study from Bernstein Research, helmed by A.M. Sacconaghi, Jr., and Max Warburton, polled 286 Tesla owners on a variety of things from brand enjoyment to service experiences, even touching briefly on the Model 3.

These battery packs are expected to reduce the per-kilowatt-hour cost of its battery by more than 30%, which, in turn, allows the company to make a mass-market electric vehicle 50% cheaper than its luxury Model S.

Musk said around 500,000 people worldwide have already put down a $1,000 deposit to reserve a Model 3.

Musk said the demands for the Tesla Model 3 has surpassed supply, which he said will take till 2018. Tesla is aiming to produce 500,000 total cars next year, after producing only 84,000 last year.

'We're going to go through at least six months of manufacturing hell, ' Musk said.

Tesla has beat analysts' revenue expectations in the past fours quarters.

The Model 3 is hot and this is a big part of the design.

Panasonic wants to make electric vehicle batteries and other automotive products a bigger part of its business.

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Later that year the Dual-Motor All Wheel Drive Model 3 will begin to be shipped.

The Tesla Model 3 has finally been launched and the few people who witnessed this momentous event in Fremont, California, may have just witnessed a new chapter in history. This will be the first time many Tesla workers will be able to afford a Tesla. Panasonic's close involvement with Tesla makes it a major player in batteries, but Korean firms LG and Samsung have more automaker clients.

Electric cars are seen by many as the cars of the future and Tesla agrees. A study released in May by the labor advocacy group Worksafe claimed that the automaker has experienced workplace injuries at a 31 percent higher rate than that of the US auto industry overall.

Potential customers could lose faith if Tesla doesn't meet its aggressive production schedule, or if the cars have quality problems that strain Tesla's small service network.

But Musk says Tesla worked hard to make the Model 3 simpler and cheaper to make than Tesla's previous vehicles.

Tesla appears to inspire the kind of enthusiasm Apple's iPhone generated among its fans and customers, Sacconaghi said.

Tesla starts production of the Model 3 in later this week.

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