Sorry, that $35,000 Tesla Model 3 isn't coming anytime soon

Elon Musk knows you want Tesla's Model 3, but it's just too expensive.

Tesla was able to sell nearly 140,000 Model 3s last year — and it hopes to make 7,000 of the sedans per week by the end of 2019. But don't expect to see the price drop by much.

Right now, the problem isn't ramping up Model 3 production, but getting the price down. Years ago, Tesla promised a $35,000 base model. Previously Musk said the cheaper model would get here around April or May, but that now seems unlikely. During Wednesday's fourth-quarter earnings call, Musk sounded content with the current price of $45,000 (and that's with a smaller battery). Read more...

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