A Tesla For The Rest Of Us? Cheaper Model 3 Planned

Tesla Motors has shown it can take on established premium-luxury brands with its Model S sedan, but the real test will come when it launches an all-new mainstream electric vehicle at roughly half the price. CEO and founder Elon Musk has long made clear his plans to go down-market, and the new Model 3 sedan, confirmed this week, is expected to come in somewhere around $35,000 — or between one-half and one-third of the price of the bigger Model S, depending on equipment and range.

Related Videos


  • Tesla's Elon Musk Expects NHTSA to Clear Model S In Fires

    It's been a bumpy few months for electric car maker, Tesla Motors. While enjoying the highs of high customer satisfaction and continued praise for the Model S electric sedan, the company has also endured high scrutiny for a trio of accident-related fires in its vehicles. CEO Elon Musk doesn't seem worried, though, despite an National Highway Traffic Safety Administration investigation into the fires.

  • Elon Musk: Ford Is 'Killing Sex'

    Even in the dry world of trademark enforcement, sometimes jokes just write themselves. At Tuesday’s Tesla shareholders meeting,Elon Musk joked that Ford is “killing sex.” But Tesla’s billionaire founder and CEO didn’t mean the Detroit automobile behemoth is literally putting a halt to lovemaking. He was talking about the name of his next-generation electric vehicle. First came the Model S, the sexy sedan which Tesla can’t manufacture fast enough. Musk is also CEO at rocket company SpaceX.

  • Daily Digit: Tesla's Musk $13 Bln Pay Day

    The Daily Digit is 13 billion dollars. Tesla CEO Elon Musk is that much richer on paper thanks to a surge in his company's share price. The stock has been energized by a surprise quarterly profit when analysts were predicting a loss. Underlying that surprise, better-than-expected sales of its Model S sedan, the best selling electric vehicle, even though it carries a hefty $70,000 price tag and has faced resistance from traditional dealer networks.

  • Tesla Goes Open Source: Elon Musk Releases Patents To "Good Faith" Use

    Tesla’s taking an unprecedented step of opening all its electric car patents to outside use. In a blog post on Thusday, Elon Musk said, Tesla has removed the patents decorating the wall of the company’s Palo Alto headquarters a symbolic move to coincide with this announcement. Tesla’s billionaire cofounder and CEO writes that the company “will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology.”

  • Tesla Motors Frees Electric Car Patents For Competitors

    CEO Elon Musk says the company won't sue anyone who wants to use Tesla's technology in good faith. What's he thinking?

  • Tesla Motors To Share Patents To Spur Electric Car Development

    Tesla Motors Inc on Thursday said it would allow others to use its intellectual property in hopes of speeding up development of electric cars by all manufacturers. Tesla co-founder and Chief Executive Officer Elon Musk said the company would not take legal action against anyone who "in good faith, wants to use our technology." Musk said on the company's website that the industry would benefit from open-source sharing of technologies.

  • Tesla Motors Says CEO Musk Took $1 In Salary Last Year

    Tesla CEO Elon Musk was paid about $70,000 in 2013 in salary and stock options, only a fragment of what he stands to eventually receive in company stock, Tesla said in a filing on Thursday with U.S. securities regulators. Musk's total cash compensation in 2013 officially was $33,280 which is aligned with the minimum wage in California, but he only takes $1 per year in pay.

  • Tesla CEO Elon Musk Confirms Meetings with Apple

    Tesla founder and CEO Elon Musk confirmed to Bloomberg TV that he indeed held discussions with Apple. Whether the two Silicon Valley giants explored some kind of a deal, Musk won't say. "I can't comment on whether those revolved around any kind of acquisition," he told Bloomberg TV's Betty Liu who asked him to respond to an exclusive report in Sunday's San Francisco Chronicle that Tesla met with Apple's mergers and acquisitions chief Adrian Perica in Cupertino last spring.

  • Tesla Makes Improvements To Model S Electric Car

    Tesla Motors, caught in a lull between product launches, is going to try to keep the Model S electric car feeling fresh by improving upon it. CEO Telo Musk told his shareholders at the annual meeting last week, "There aren't many products that give people joy, and we want this to be one of those products." This year, Tesla is offering only the single model, the Model S that is EPA rated at up to 265 miles on a single charge, the most of any electric car.

  • MarketWatch CEO of the Year: Tesla’s Elon Musk

    It’s not just the 300% surge in shares, the vanquishment of short sellers or the brand devotion. Rather, it’s the drive with which he pursues his vision of the future that has made Elon Musk MarketWatch’s 2013 CEO of the Year.

  • U.S. Regulator Closes Investigation Into Tesla Model S Sedan Fires

    U.S. safety regulators said they had closed an investigation into electric sports car maker Tesla Motors Inc's ( TSLA ) popular Model S sedans. The U.S. National Highway Traffic Safety Administration began investigations into the company's Model S luxury electric cars in November after three cars caught fire. "A defect trend has not been identified," the regulator said on its website.

  • Tesla Raises Warranty On Model S Sedan To Eight Years

    Electric carmaker Tesla said the drive unit warranty for its Model S sedan has been increased to match that of the battery pack and will now be covered for eight years and "infinite" miles. The company also said the warranty extension will have a "moderately negative" effect on its earnings in the short term. The warranty extension will apply to all Model S cars produced till date.

Other Advice Videos


  • Ramsey Pryor on Why to Avoid Giving Prescriptive Advice

    In Chapter 11 of 16 in his 2014 Capture Your Flag interview, product management executive Ramsey Pryor answers "How Have You Learned to Give Better Advice When People Ask You for Help?" With time, Pryor learns to give less prescriptive advice. He learns from his children to give advice is more to be a sounding board and help others make a decision rather than to make a decision for others. Pryor is a product management executive at IBM focused on cloud-based collaboration.

  • Bryan Law on Seeking Advice to Make Better Decisions in Your 30s

    In Chapter 23 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "At This Point in Your Life, Where Are You Seeking Advice and Coaching?" Now in his thirties, Law shares how he gets advice from a network of people to make more informed decisions. From teacher mentors from Georgetown to an inspiring Angolan friend to his parents to his spouse, Law finds willing people to support him as he faces key life decisions.

  • Louise Langheier on Two Ways to Give Better Career Advice

    In Chapter 7 of 21 in her 2014 Capture Your Flag interview, social entrepreneur Louise Langheier answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Langheier shares two ways she has learned to give better advice. The first is honing in on the specific question the person seeking advice is really trying to answer. The second is appreciating the learning experience that comes with being asked to give advice.

  • Rihanna's Creative Director Got Career Advice From a Horse

    Think of the best career advice you ever received. Who gave it to you? Your mom? Your mentor? Ahem, your favorite website? Well, Ciarra Pardo, best known as Rihanna's creative director, got her best advice ever from her horse.

  • Conrad Doucette on Giving Better Advice When Asked for Help

    In Chapter 17 of 17 in his 2013 Capture Your Flag interview, musician and digital strategist Conrad Doucette answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Doucette puts himself in the shoes of the person asking for advice. In his younger years he would have dispensed advice based on his point of view rather than the perspective of the person asking for advice. Conrad Doucette is a Brooklyn musician and the drummer for the band Takka Takka.

  • Most Advisers Aren't Afraid of "Robo" Advice

    Online investment services aren't just for young clients and low-balance accounts; "robo" advice can help any wealth advisory firm grow, says Bernie Clark, the head of Schwab Adviser Services. "Robo" advice is complementary and an opportunity, Mr. Clark says.

  • The Making of Me: Life Advice from Successful and Inspiring Women

    5 remarkable women share their stories in Glamour’s new series, “The Making of Me.” Whether you’re starting over or starting your own business, trying to balance work and motherhood, or searching to uncover your true passion in live, you’ll find inspiration and advice as these women reveal their journey to becoming who they are today.

  • Mark Graham on Essential Advice Every Intern Needs to Know

    In Chapter 14 of 15 in his 2013 Capture Your Flag interview, media executive Mark Graham answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Graham shares what he does to counsel interns on how to build career skills in an internship and get a full-time job working in media and entertainment. He shares the importance of making connections and keeping in touch with your professional network. Additionally, he shares the importance of saying yes and taking initiative.