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Affordable Luxury Electric Vehicles

Tesla's Entry-Level Model 3 Brings Quality EVs to the Masses

— October 22, 2018 — Autos
Tesla vehicles generally come with a high price tag but the entry-level Model 3 is the automotive company's first attempt at bringing the electric car to the masses. According to Tesla founder Elon Musk, this new entry-level Model 3 will cost just $35,000 and will feature a midrange battery pack. The idea of a midrange battery may turn off some consumers but the vehicle is very capable and can deliver 220 miles of range.

The Model 3 will be available in five colors, will feature 18-inch wheels and the interior will come with what Tesla considers a "premium" interior. This means the car will come with 12-way powered and heated front seats, auto-dimming heated mirrors, LED fog lights, panoramic roof, an unbranded audio system, navigation with traffic and Tesla's usual wireless software updates that are valid for one year.


Image Credit: Tesla
Trend Themes
1. Affordable Luxury Electric Vehicles - Disruptive Innovation Opportunity: Explore ways to further lower the cost of luxury electric vehicles to make them more accessible to a wider consumer base.
2. Entry-level Electric Vehicles - Disruptive Innovation Opportunity: Develop entry-level electric vehicles that prioritize affordability without sacrificing quality and performance.
3. Midrange Battery Technology - Disruptive Innovation Opportunity: Advance midrange battery technology to improve range and performance of affordable electric vehicles.
Industry Implications
1. Automotive - Disruptive Innovation Opportunity: Revolutionize the automotive industry by producing affordable luxury electric vehicles that challenge traditional market leaders.
2. Electric Vehicle Manufacturing - Disruptive Innovation Opportunity: Drive innovation in the electric vehicle manufacturing industry by focusing on cost-effective production methods for entry-level models.
3. Battery Technology - Disruptive Innovation Opportunity: Lead the development of midrange battery technology to enhance performance and range capabilities across various industries, particularly in the automotive sector.
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