Tesla produced the Model 3, one of the world’s best-selling electric cars.
Tesla unveiled the Model 3 in 2016 and began customer deliveries in 2017. It was designed as a lower-priced, higher-volume vehicle than Tesla’s earlier Model S and Model X, making the brand accessible to a broader group of buyers.
The Model 3 helped Tesla increase production and became an important driver of the company’s sales and market narrative. Its compact-sedan format, long-range versions, over-the-air software updates, and access to Tesla’s charging network supported its popularity.
The Model 3 is sometimes confused with the Model Y because both target mass-market buyers. The Model 3 is a sedan, while the Model Y is a crossover SUV based on related technology. Tesla’s stock-market value reflects expectations about vehicles, energy storage, software, and future production—not just Model 3 deliveries.