Model 3 Orders & Ferrari SUV
Tesla is taking orders for the new Model 3 and revealing more about the timeline for delivery. In his second quarter update, CEO Elon Musk says they’re averaging over 1,800 Model 3 reservations per day. The first 30 of the compact electric cars were handed over to employee buyers on Friday. The first production vehicles are rear-wheel drive with a long-range battery starting at $44,000. The report says the standard Model 3, starting at $35,000 should be available in the U.S. in November. Musk says non-employee customers will soon get the chance to order their cars. First priority goes to existing Tesla owners. The report says deliveries to non-employees will begin during the final months of this year.
Looking for another option in the luxury SUV market? Bloomberg is reporting Ferrari is planning a four-seat utility vehicle. They quote Chief Executive Officer Sergio Marchionne saying, "It will probably happen but it will happen in Ferrari’s style”. He also pointed out in the report no decision about an SUV has been made by the company’s board. The company’s new strategy will be unveiled next year.