Tesla delivered the Model 3 small car to its first 30 customers — all employees — at a company party Friday night. In 2006, Musk said Tesla would eventually build "affordably priced family cars" after establishing itself with high-end vehicles like the Model S, which starts at $69,500. That could be a stretch for some buyers, especially since there are limits on the $7,500 U.S. tax credit for electric cars. Once an automaker sells 200,000 electric cars in the U.S., the credit phases out. But Musk says Tesla worked hard to make the Model 3 simpler and cheaper to make than Tesla's previous vehicles.

Source: Fox News July 29, 2017 07:07 UTC