Tesla opened up the order books for the long-promised $35,000 version of its Model 3 on Thursday, nearly three years after customers started placing the first reservations for the compact sedan. The new Standard Range model has a range of 220 miles per charge and cloth seats, while a Standard Range Plus version will also be offered with 240 miles of range, slightly better performance and an upgraded interior for $37,000. The lowest-priced cars are only available in black, with other colors costing from $1,500-$2,500. Tesla has also announced that it is switching to an all-online sales model, and will be closing many of its stores while increasing investment in its delivery and service system. Musk said the move to online sales was necessary to reduce the company's costs enough for it to offer the $35,000 car.

Source: Fox News February 28, 2019 22:10 UTC