Want the $35,000 Tesla Model 3? You'll have to wait until 2018

Elon Musk's dream of having everyone zip around in affordable electric cars has been delayed.

The Tesla Model 3 was expected to be unveiled as early as March 2016 and get a late 2017 launch date, but now it looks like it won't start production until 2018, according to documents obtained by electric-car news site Inside EVs.

The Model 3 will cost $35,000 before government subsidies, making it $40,000 less than the larger Model S, and putting it in line with the BMW's 3 Series.

Tesla is no stranger to production delays. Its Model X crossover was supposed to debut in 2013, but that date was pushed back to late 2015. At the time of this writing, Tesla has yet to debut a production version of the Model X. Read more...