Tesla To Launch Model M3 In Los Angeles On March 31st

Tesla Motors is getting set to launch its newest model--the mass market, Model 3--at an event on March 31st in Los Angeles, in what is expected to be watershed moment for the electric car company. Tesla's new Model 3 is the first, mass market electric vehicle from Tesla, which until now has been only providing high end, luxury vehicles to the market. The new Model 3 is expected to cost around $35,000. Tesla maintains a small office in Hawthorne, right next to SpaceX, the space rocket company which is also headed by Elon Musk. Tesla has reportedly been inviting Tesla owners and the press to the launch event, which Tesla will also be webcasting live from its web site.