Tesla has had a limited release for its new electric car model. The car is titled the 'Model 3' and it is newly available in Australia, Hong Kong, Japan, New Zeland, Ireland, and Macau. The car was originally offered in 2016 and owners are now able to expect their vehicle by August of 2019, with some countries getting earlier access. The car was also available for order in the United States in 2016, however, Tesla has not stated when the United States car will change hands.
Tesla has revealed the price point for its new electric car model in Chinese markets and it is the equivalent of $47,529 USD. The brand has also made a variant to the Model 3 available in China and delivery for this model will take anywhere from 6-10 months.
Image Credit: Tesla
What's Driving This Trend
- New-edition Electric Cars
- Opportunity for vehicle manufacturers to develop and release new electric car models in various global markets
- Limited Release
- Opportunity for companies to create buzz and generate demand by offering limited released products
- Price Point in Chinese Markets
- Opportunity for businesses to enter Chinese electric car market at an affordable price point
Who This Affects Most
- Automotive Manufacturing
- Opportunity for automotive manufacturers to innovate and produce new electric car models
- Marketing and Advertising
- Opportunity for marketing and advertising agencies to develop strategies for limited release products
- Electric Car Industry
- Opportunity for companies to tap into the growing Chinese electric car market with competitively priced models
