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Tesla is set to release a car for a price the masses might actually afford

Tesla's mass-market Model 3 sedan, its first attempt to reach a wide range of consumers, passed all regulatory requirements for production two weeks ahead of schedule, according to CEO Elon Musk. Lisa Bernhard reports – Jul 3, 2017

Tesla‘s CEO says the first Model 3 electric car for the masses should come off the assembly line Friday, with the first deliveries in late July.

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Elon Musk says on Twitter that the new car passed all regulatory requirements for production to begin two weeks ahead of schedule.

Coverage of Tesla on Globalnews.ca:

The company plans to hold a party to hand over the first 30 Model 3s to customers on July 28.

The Model 3 is to start around $35,000. With a $7,500 federal tax credit, it could cost $27,500. Tesla says the car can go 215 miles on a single charge and from zero to 60 in under six seconds. The car is Tesla’s first attempt at true mass production.

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READ MORE: All Tesla cars will now have self-driving hardware

The company has had trouble hitting production deadlines on previous cars.

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