Tesla Model 3 Set To Be Unveiled In March 2016

Never one to rush things, Tesla is scheduled to finally unveil its first all-electric midsized sedan model in March 2016.

Whether it will be called the ‘Model 3’ or the ‘Model III’ is unclear, but the preferred ‘Model E’ name has been all but ruled out following a threat from Ford to get the lawyers involved.

Tesla CEO Elon Musk announced the March date to a gathering of Tesla investors this week, but stressed that it was only a prediction at this stage.

And even when the covers are finally pulled from the new model, Musk said production was unlikely to begin until mid-to-late 2017, with ‘late 2017’ being the more likely starting time.

The Model 3 has long been touted as Tesla’s answer to the likes of BMW’s 3 Series, with pricing and features aiming to attract the attention of buyers seeking midsized models from BMW, Audi and Mercedes-Benz.

EV