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    What happened to the 'affordable' $35,000 Tesla Model 3?

    by Russ Mitchell, Los Angeles Times May 21, 2018 3 minutes

    SAN FRANCISCO - It's March 2016. Tesla Chief Executive Elon Musk is on stage for the dramatic unveiling of the Tesla Model 3.

    Tesla will make hundreds of thousands a year, he said. It will be fun to drive. It will be affordable. "In terms of price, of course, it'll be $35,000," he beamed, awash in thunderous applause.

    Now it's May 2018. You can't touch a Model 3 for under $49,000. No one's sure when the $35,000 version will be available.

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