Hyperdrive

Tesla’s $35,000 Model 3 Feels Like a Fever Dream

The car may have reached the mass market, but it keeps moving further away from a much-hyped price point.

Why Tesla's Cheapest Model Is Now $46,990
Lock
This article is for subscribers only.

Stay on top of the electric car revolution by signing up to our Hyperdrive newsletter here.

Six years ago, I was in Hawthorne, California, when Elon Musk first unveiled Tesla’s Model 3. The sedan was central to Tesla’s plan to reach less-affluent consumers with a mass market $35,000 car. Scores of people stood in line for hours to plunk down deposits, giving Musk a moment reminiscent of whenever Apple releases its latest iPhone.