Just a month after Tesla Inc. (NASDAQ: TSLA) shipped its first moderately priced (starting at $35,000) all-electric vehicle — the Model 3 — Japan-based car maker Nissan will reveal its 2018 version of its all-electric (EV) Nissan Leaf. The release event is scheduled for 6:00 p.m. PT Tuesday.
The car maker has been quiet about some of the most important features of the new Leaf, including its expected range and its price. The 2017 Leaf has a driving range of 107 miles and a sticker price of $31,000.
Most analysts are expecting a modest upgrade to the mileage rating with little to no change in the price. Karl Brauer at Kelley Blue Book told MarketWatch that he thinks the battery range will rise to around 150 miles.
The Tesla Model 3 has a base range of at least 220 miles. The Chevy Bolt from General Motors Co. (NYSE: GM) has a range of 238 miles and a starting price of $38,000.
For the month of August, the Chevy Bolt sold 2,107 units (its best sales month ever), compared with 70 for the Model 3. Tesla’s Model S was the second-best seller for the month with an estimated total of 2,100. The Model X crossover sold an estimated 1,700 units in August. The current Nissan Leaf was the fourth most popular seller with 1,154 units sold last month.
For the year to date, the Model S has sold 14,700 units, the Model X has sold 12,200 and the Bolt has sold 11,670 compared with the Leaf’s 9,685 units.
The 2018 version of the Nissan Leaf will be available in dealer showrooms early next year, so sales of the current model are likely to begin tapering off following tonight’s announcement.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.