First buyers of Tesla’s Model 3 get two options: color, wheel size

Buyers of Tesla’s upcoming Model 3 car will only get two options in configuration, a policy that will let the automaker quickly increase production of its mass-market car, CEO Elon Musk informed investors on Tuesday.

“You just have to decide what color you desire and what size wheels, a minimum of for the initial production,” Musk informed investors at an annual conference in Silicon Valley.

Few thousands of potential buyers put down refundable deposits on the Model 3. Buyers will have the ability to configure cars next month, Musk stated.

More option will become available, but he didn’t informed when.

By comparison, the Model S sedan has options of battery size, an optional sunroof, different interiors and a number of upgrades consisting of sound systems and limited self-driving.

Speculation has been widespread over exactly what requirements owners would be able to select for the upcoming Model 3, which will be priced at about $35,000.

Musk stated the Model 3 will initially be provided just with two-wheel drive. All-wheel drive likely will come early next year.

Musk spoke as investors fell in line with management, supporting the board’s view on 5 proposals, consisting of declining a bid to make directors represent re-election each year.

Connecticut Retirement Plans and Trust Funds had prompted fellow Tesla shareholders to elect a proposal targeted at the declassification of the company’s board, arguing that yearly accountability can cause increased company performance.