History of the electric vehicle Model X, together with several variants of the Tesla Model S line-up. The Tesla Model 3 was unveiled on 31 March 2016. With pricing starting at and an all-electric range of , the Model 3 is Tesla Motors first vehicle aimed for the mass market. Before the unveiling event, over 115,000 people had reserved the Model 3. , one week after the event, Tesla Motors reported over 325,000 reservations, more than triple the 107,000 Model S cars Tesla had sold by the end of 2015. These reservations represent potential sales of over . , Tesla Motors has sold almost 125,000
Tesla Model S producing its electric cars domestically. Local production has the potential to reduce the sales prices of Tesla models by a third. Agreement for a production facility with capacity for up to 500,000 vehicles was formally announced in July 2018. The Model S exists in several versions, differing in energy capacity (battery size), power (motor size), and equipment. It is classified as a full-size luxury car in the US, or as a "Large Car" (120 cu ft or more) or "Luxury Sedan" by the EPA. The Euro Car Segment classification is S-segment (sports car), or "Oberklasse" (F-segment) in Germany. The 2012