Tesla’s 3 Series competitor, Model 3 to be unveiled in March 2016

Rumors | July 26th, 2015 by 9
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Tesla’s 3 Series competitor, the new Model 3 sedan, is set to be unveiled in March 2016. According to Autocar, Tesla is planning a bespoke event to reveal the car.

Not many details have been unveiled about the new Model 3, but sources have indicated that performance up to 62 mph could eclipse that of the BMW M3, better than 4.1 seconds officially reported by BMW.

Latest Tesla Model S P90D with its  Ludicrous Mode runs to 62 mph in just 2.8 seconds.

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Batteries for the Model 3 will come from Tesla’s so-called Gigafactory in Nevada, and sources suggest it will have a range of up to 300 miles on a single charge.

Same sources say Tesla will use bespoke underpinnings because it is will be around three-quarters of the size of the Model S, therefore significantly lower in price.

Chris Porritt, Tesla’s vice-president of engineering, previously told Autocar: “I expect there will be very little carry-over [from the Model S]. We’ve got to be cost-effective. We can’t use aluminum for all the [small car’s] components.”

Tesla could offer an estate and coupe version if the market will demand.

The Tesla Model 3 will compete in an increasingly crowded segment, taking on the likes of the Alfa Romeo Giulia, Audi A4, BMW 3 Series, Jaguar XE, Lexus IS and Mercedes C-Class.