Newsy Business's video: Tesla Model 3 Preorders Are Already In The Hundreds Of Thousands - Newsy

Transcript: Say hello to Tesla's Model 3. CEO Elon Musk gave his new vehicle the movie-trailer treatment at its unveiling Thursday night at the company's design facility in Hawthorne, California. This is the car at least hundreds of thousands of people have been waiting for; we say that because hundreds of thousands of people have preordered the car since its unveiling. The Model 3 looks kinda like Tesla's Model S, besides the grill-less front-end and glass roof. It doesn't have the longest range-per-charge or the fastest zero-to-60 time, but there's one thing about the Model 3 that has some people in a tizzy: the price. At $35,000 before incentives, the Model 3 the least expensive of the bunch, by a lot. Musk says everything has been building to this. "The revenue from the S and the X is what's needed to develop the Model 3. ... The final step in the master plan, which is a mass-market, affordable car. It was only possible to do that after going through the prior steps," Musk said. With that sort of statement, you could argue there's a lot riding on this car. Tesla has struggled to turn a profit in its 13-year history, and a high volume of affordable cars could be the solution. Unfortunately, Tesla fans still have a long wait for the Model 3. The company expects to start delivering the cars in late 2017. Sources: Tesla Motors https://www.youtube.com/watch?v=Q4VGQPk2Dl8 Twitter https://twitter.com/TeslaMotors/status/715616667120697345 Twitter https://twitter.com/elonmusk/status/715952781895426048 Getty Images http://www.gettyimages.com/license/479833756 Tesla Motors https://www.youtube.com/watch?v=RqiXc-rPmbk ------------------------------------- Newsy is your source for concise, unbiased video news and analysis covering the top stories from around the world. With persistent curiosity and no agenda, we strive to fuel meaningful conversations by highlighting multiple sides of every story. Newsy delivers the news and perspective you need without the hype and bias common to many news sources. See more at http://www.newsy.com/ Like Newsy on Facebook: http://www.facebook.com/newsyvideos/