Tesla CEO Elon Musk just introduced a 'lower-cost, mid-range' Model 3 via Twitter

11:24 AM ET Fri, 19 Oct 2018

Tesla CEO Elon Musk announced on Twitter that a new variant of the company's Model 3 electric sedan is going on sale today. He wrote, "Costs $35k after federal & state tax rebates in California, but true cost of ownership is closer to $31k after gas savings."