A $35,000 Model 3 doesn’t come cheapElon Musk long promised that Tesla would offer a low-cost Model 3 electric car. Yesterday, he finally made good on that promise — but Tesla is making big sacrifices to offer the vehicle. The announcement led Mr. Musk to raise production estimates to 600,000 cars in 2019. Mr. Musk wouldn’t reveal what kind of margins the company would make on its lowest-priced Model 3. But he admitted, “Given that a lot is happening in Q1, we do not expect to be profitable in the first quarter.”

Source: New York Times March 01, 2019 11:48 UTC