Tesla Chief Executive: That intense interest, fanned in part by a steady stream of tweets by Musk, could help boost Tesla stock price, which closed Friday at $237.59, up 3.4 percent, according to Euro News. The stock has soared more than 60 percent since hitting a 12-month low in February. Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000, including the price of options and additional features, which would give the initial flurry of orders an estimated retail value of $10.6 billion. The car average selling price projected by Musk is well above the $35,000 base price. Tesla has undertaken a costly expansion of the Fremont plant, aiming to boost annual capacity to 500,000 by 2020, with production of the Model 3, the company first mass-market car, ramping up slowly through 2019. Analysts earlier had estimated the first Model 3s off the factory line in Fremont, California, could be loaded with extra equipment and sell for $50,000 to$60,000.
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