Tesla Motors Inc (NASDAQ:TSLA) Announces A New Entry Level Car

The hype that Tesla Motors Inc (NASDAQ:TSLA) has got over the past few weeks in amazing. Be it the announcement of first self-driven car or the world or Elon Musk’s interview with leading publication, everything has worked for the company. In a series of the exciting announcement, the company has made public its plans to launch a new entry-level car called the 70D with eye-popping colors.

Do analyst foresee a double-top for TSLA?

Insights On The Announcement:

By far, the Model S sedan was the lowest priced model of Tesla Motors Inc (NASDAQ:TSLA). But with the announcement of its new model 70D, the company has made available an exciting option for all those car lovers who are tight on their budget. The announcement was made by Tesla through a public statement that stated that the new 70D would be available in the market for $67,500 after Federal Tax Credit. As per the reports, the new Model S 70D comprises of dual an EPA-rated 240 miles of range, motor all-wheel drive technology and a 0-60 speed in less than five seconds.

The company has replaced its non-all-wheel-drive Model S with this new 70D model at a time when the competition in the market has been growing with full flow. The Model S delivered close to 208 miles on one charge and grabbed the attention of car lovers from all around the globe. The Ex-Showroom price of Model S was $75,000, lowest among Tesla offerings before 70D was launched.

The newly launched 70D model comes with some of the latest features such as-

  • All-wheel drive Dual Motor
  • 0-60 mph acceleration in 5.2 second
  • 70 kWh battery with EPA-rated 240 mile range
  • 140 mph top speed
  • Navigation
  • Autopilot Hardware
  • Supercharging
  • Lane departure warning
  • Trip planner and range assurance
  • Parking sensors
  • Automatic Keyless Entry
  • Automatic emergency braking
  • GPS enabled HomeLink

The management of the company expects the sale of 70D goes up as the time progresses.

About the Author

John is a special projects and general assignment reporter, noted for breaking several exclusive stories.

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