After holding 2 open beta tests, En Masse announced today that Tera would be launching on Xbox One and Playstation 4 on April 3, 2018. As with most game launches these days, En Masse will be selling founder's packs with the game's release ranging from $29.99 and up. The base game itself will be free to play though.
Given the action oriented controls I suspect Tera will be a success on consoles. It's unfortunate though that the PC version isn't cross platform compatible with consoles. Still, I suspect the game will gather a large enough audience on consoles to survive and thrive.
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