The first Tesla Model S will be delivered in 2018, a year later than expected, with the automaker offering a guaranteed second hand price of $28,000.
That means the Model S can now be bought for a third of the price of a similarly equipped Lexus ES 200.
And the cost per kWh is almost twice as high.
Tesla said that in 2019, it will deliver the Model 3, a car that will be the first to hit the market that can run on a Tesla battery and a plug-in hybrid battery, or plug-and-play gasoline engine.
Tesla has been slowly rolling out its cars, and this first car is the first of those.
The Model 3 will debut in the first quarter of 2020.
The company is expected to unveil more new cars later this year, but we’re likely to see the Model 4 by the end of the year.