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Tesla Model 3 Revealed

This means Tesla will be at a $7,500 cost disadvantage to their competitors from that point on. Who wrote the law giving out tax credits? it looks like they are playing games.
 
COINTELPRO said:
This means Tesla will be at a $7,500 cost disadvantage to their competitors from that point on. Who wrote the law giving out tax credits? it looks like they are playing games.
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It was to create an incentive for people to get used to an uncoventional technology and to save gas.
 
A commercial shoot maybe?


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Tesla hasn't actually shown us the Model 3's real interior
The excitement surrounding the upcoming Tesla Motors [NSDQ:TSLA] Model 3 electric sedan is, well, electric. The Silicon Valley automaker started taking pre-orders for its next electric vehicle last Thursday, and there are likely well over 300,000 already placed by this time.

The inside of the Model 3s shown last week featured no gauge cluster, no head-up display, no buttons on the dashboard, a funky two-spoke steering wheel, and a single 15-inch horizontal tablet-like touchscreen. It makes for a unique look, but it appears that we haven't seen the Model 3's actual interior yet.

The cars we saw certainly didn't have a typical dashboard. The speed is displayed in the upper left-hand corner of that massive screen, and basically all controls are executed via that massive touchscreen interface. But the final interior could be even more futuristic.

Tesla said it all plays into how it views the future of driving, and how you'll interact with your car. Specifically in terms of its Autopilot technology, aka self-driving cars.

Because, you know, in the near future we aren't even going to drive vehicles anymore. We are going to just be passengers and watch movies while the vehicle shuttles us to our destinations.

People took to Twitter to comment on the weird steering wheel and lack of a gauge cluster or HUD. Company CEO Elon Musk responded, and had some interesting words regarding what we saw last week. Among those words were, "that's not the real steering system."

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This seems weird as the engineers giving auto journalists (including us) rides in Model 3s last week said they were basically representative of what we'll see when it launches. Suddenly, this almost feels like a game of Who's On First.

Jalopnik notes that most automakers talk about how a vehicle isn't representative of the production model, or how it's just a prototype. Nope, not Elon. As you can see in his tweets, he's using words that are much stronger, like "not real."

Musk has already said that last week's press conference was simply part one of the Model 3 reveal, and we'll learn much more in part two.

Ah, the slow drip tease reveal tactic. One might assume this is necessary because the car definitely won't hit the streets until late next year. And, given Tesla's track record when it comes to product launches, it could realistically be two full years, or more.

Time will tell. Stay tuned for more information as we receive it regarding the Model 3.
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Tesla CEO Clarifies Model 3 Features, Reservation Tally Via Twitter; We Explain What Happens to All That Deposit Money
At the splashy reveal event for the Model 3 EV, Tesla Motors unveiled the car but little other information about it. Having outlined the basics—that the car will start at $35,000, seat five, and offer two- or all-wheel drive—details about the car’s battery pack, power system, and more were held back for release at a later date. As it turns out, that later date was this past Sunday afternoon, two days after the official Model 3 reveal, when Tesla CEO Elon Musk took a few moments to respond to the public’s questions on Twitter.

In multiple tweets, Musk clarified both the Model 3’s standard and optional drive systems, as well as how many pre-orders the company already has for the car. Speaking to the Model 3’s standard drive configuration, Musk said it will use a single electric motor (as does the Model S sedan) powering the rear wheels; the optional setup will also mimic that on the Model S, which is to say it’ll use an extra electric motor to also power the front wheels. Horsepower and torque figures, alas, remain elusive, and Musk made several bizarre statements regarding the Model 3’s steering system, describing the production unit as “feeling like a spaceship.” The outlook is rosier (and more down to earth) on the order bank side of things, where Elon claims Tesla has received more than 276,000 pre-orders for the Model 3 globally.

Naturally, online (where not everyone with an opinion has studied Business Accounting 101, or even basic arithmetic) there has been some confusion as to the monetary value of those orders. Allow us to clear that up. Each pre-order customer puts down a $1000, refundable deposit to reserve a Model 3. Simple math returns an immediate yield for Tesla of $276 million, not the billions of dollars that some—including Mr. Musk, again via Twitter—have touted. Any figure using the “b” word counts the value of those orders as final sales. (Multiplying the Model 3’s $35K base price by the current number of reservations nets Tesla a still-theoretical $9.6 billion, although Musk tweeted $7.5 billion, assuming a $42K average transaction price and an earlier, smaller, figure for the total number of reservations.) Some have breathlessly described such billions as a windfall for Tesla before it has delivered a single Model 3. However, neither we nor Tesla see its deposit money that way. The automaker is adamant that the $1000 deposits aren’t counted as revenue until after a customer actually takes delivery of a car (the deposit represents an initial payment against the eventual purchase price of a Model 3). And deliveries happen only after customers receive purchase agreements and configure their cars, steps that eager Model 3 reservationists are still waiting to take. Tesla, for its part, has promised that the first Model 3s will be delivered late next year.

So what does $276 million in deposits mean to Tesla’s balance sheet? Until the day that it eventually starts being converted to revenue, i.e. when sales commence—if those sales commence—it’s both a cash asset and an offsetting liability. According to Tesla’s past SEC filings—and as confirmed by a company representative—deposit money is not counted as revenue, but is lumped into the company’s cash holdings. The caveat is that deposits (in total) are specified in a separate line under “liabilities” on the company balance sheet. Ergo, customer deposits can and likely will be used for, say, helping launch the Model 3 or for general operating expenses (just as deposits for the Model S and Model X were), while the sum of deposits on undelivered cars remains listed as debt on the balance sheet—it’s not Tesla’s revenue until it receives it in exchange for an actual car.

But wait, what if all of those consumers asked for their money back or Tesla, for some reason, couldn’t fulfill its obligation to deliver cars? That would be an issue, but likely not a debilitating one. Unlike many other start-up car companies we’ve seen over the years, Tesla is not so under-capitalized that these deposits represent a majority of its assets. As of December 31, 2015, Tesla had $1.2 billion in “cash and cash equivalents.” Furthermore, Tesla’s been down this road before, only with less fanfare. Tesla’s annual SEC filing, as of December 31, 2015 showed it already held $283 million in customer deposits, most of which ostensibly were for the still-fresh Model X crossover. Of course, there were fewer reservations for the Model X than for the 3—hence it avoided the sort of frenzy and speculative discussion that has surrounded the Model 3 order process—but the deposit total for that car was greater because would-be customers needed to shell out $5000 to get in that line. So long story short, even though Model 3 deposits are assumed to have inflated Tesla’s cash and liability figures an equal amount, even before the 3’s order books opened the company had more than enough cash on hand (plus other assets) to draw from should it need to meet refund obligations.
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  • TESLA MODEL 3 PRE-ORDERS REACH 325,000
Pre-orders for the Tesla Model 3 have continued to skyrocket, climbing to 325,000 deposits in the week since the sedan was first unveiled.

The figure represents a 50 percent increase from the impressive first-day count of 215,000 units. Eager customers have now placed $325 million in reservation deposits.

Tesla suggests the pre-orders are worth approximately $14 billion in implied future sales, representing the "biggest one-week launch of any product ever." The company's estimate assumes an average sale price of around $43,000, though the bare-bones package will sell for $35,000.

"This interest has spread completely organically," the company said in a statement. "Unlike other major product launches, we haven't advertised or paid for any endorsements."

Chief executive Elon Musk recently claimed Tesla's Fremont, California, factory is theoretically capable of producing a half million vehicles annually. Current production rates for the Model S and Model X are much lower, running at a combined total of 2,000 weekly or 104,000 units annually.

Tesla does not expect to ship the Model 3 until late next year. If the company merely doubles factory output from current levels, existing pre-orders will not be fulfilled until the end of the decade.
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Tesla Model 3 Delivery Priority: Essentially, The Rich Go First
In April 1964, Ford Motor stunned the auto industry by selling 22,000 Mustangs over the first weekend of sales. That figure now seems inconsequential compared to the 325,000 people that have put down $1,000 for a car they won’t be able to get for at least two to three years. The world seems desperate to secure a place in line for the Tesla Model 3.

However, first come won’t necessarily be first served. According to Tesla, “In order to be as fair as possible, there will be a different queue for each region. And as a thank you to our current owners, existing customers will get priority in each region.”

From Tesla’s perspective, there’s actually a very solid business rationale for getting current customers to buy again before expanding the electric vehicle (EV) audience. While CEO Elon Musk and his team have built the Tesla brand into a technology fashion statement that is arguably second only to Apple, they still have a big problem. While Apple is the most profitable company in history, in its 13-year lifespan, Tesla’s single profitable quarter came from sales of zero-emissions vehicle credits.

Chasing Profitability

It’s expected that a company that makes real physical goods will lose money in the early years of existence as it invests in product development and the infrastructure to build and distribute those goods. However, at some point, revenue needs to exceed spending in order to keep the lights on over the long haul. Tesla is the first successful American automotive startup since Chrysler in 1925, but it’s still unprofitable.

Currently, the cheapest Tesla you can buy is the Model S 70, which starts at $70,000. Tesla doesn’t discuss its product mix or average transaction prices, but it’s probably in the neighborhood of $100,000 or more. Those who have already purchased a Roadster, Model S, or Model X are, to put it bluntly, affluent.

The Model 3 will start at $35,000, and Tesla has given few details about what you get for that price beyond a 215-mile range and supercharging capability. We do know that all-wheel-drive, Autopilot mode, bigger batteries, and more performance will all be available—but pricey—options. A loaded Model S P90D nearly doubles the $70,000 base price.

Affluent customers that purchased a $100,000+ Model S or X and want to get a Model 3 for their spouse or child will probably want it nicely equipped with extra traction, a premium sound system, and so on. The odds are good that most existing Tesla customers will be paying closer to $50,000 than $35,000. Tesla fans that can’t afford one of the current products might not have the wherewithal to option a Model 3 to that degree.

Higher Margins

Given Tesla’s need to be profitable sooner rather than later, it makes perfect sense to maximize revenue early by taking care of customers that have shown a willingness to buy higher-margin products. Automakers do this every day by stocking dealers with a higher proportion of premium trim levels in the early months after a new model debuts. Early adopters want the best stuff, and Tesla knows this.

Navigant Research’s Electric Vehicle Market Forecasts report projects global battery EV sales of almost 1.6 million in 2024, and the Tesla Model 3 will likely represent a significant portion of those vehicles. Unfortunately, in order for Tesla to remain a viable business, expanding sales volume will have to come before expanding the population of EV drivers.
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jagu said:
Thoughts ?
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The first time I saw it I was spending way too much time to figure out if it was a Tesla or not before I lost sight of it.

The second time I was able to confirm it but I could only view it for a few seconds.

Both times were too short for me to make any opinion other than it looks unique and more compact than I would have imagined.
 
This cat is not for everyone as electric cars can be inconvenient. The constant charging and counting miles can be a bit much for some.

Also the way you drive, temperature outside and running heat can seriously deplete your range so that 200 plus is not exact. Depending on the temperature outside I can be more of less. In the summer heat you will end to always get more vs the winter
 
alexw said:
omg this thread is funny as fuck

niggas are in their feelings because this cheap ass car is killing their expensive ones

lmaooooooooooooooooooooo
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Car not cheap by any means..lol

I wish it was but the battery range is not what I would like. I want a bit more
 
PeerlessMack said:
The first time I saw it I was spending way too much time to figure out if it was a Tesla or not before I lost sight of it.

The second time I was able to confirm it but I could only view it for a few seconds.

Both times were too short for me to make any opinion other than it looks unique and more compact than I would have imagined.
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I saw 2 while I was in Beverely Hills. Thing looked huge to me. It definitely had presence.
 
BrownTurd said:
This cat is not for everyone as electric cars can be inconvenient. The constant charging and counting miles can be a bit much for some.

Also the way you drive, temperature outside and running heat can seriously deplete your range so that 200 plus is not exact. Depending on the temperature outside I can be more of less. In the summer heat you will end to always get more vs the winter
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This is the exact mindset that will keep people in the gasoline era forever! :) Those excuses are definitely a factor for all the other EV's but Tesla is the exception. You got supercharging stations all over the place and the car tells you where they are and routes your trips through them, tells you how long to charge to the next one. So lets say the ACTUAL range is more like 180miles with the factors you stated, thats not gonna prevent you from going where you want or driving how you want to drive. You can literally plug them Teslas up ANYWHERE...charging stations, outdoor outlets, etc.

BrownTurd said:
Car not cheap by any means..lol

I wish it was but the battery range is not what I would like. I want a bit more
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How much range do you need? If you need more than 150 miles on a daily basis then sure, but if not then you leave the house with the "full tank" every day so you got 150+ miles to play with daily. You goin on a trip you route through the superchargers and you're good to go.

I doubt we will see any significant advances in range like 400+miles in the next 5yrs so this is as good as its gonna get for now. If you want more than the Model 3 then you should also consider a preowned Model S or X by the time the 3 rolls around they should be selling pretty cheap maybe like 50-60k. :money:
 
RED said:
This is the exact mindset that will keep people in the gasoline era forever! :) Those excuses are definitely a factor for all the other EV's but Tesla is the exception. You got supercharging stations all over the place and the car tells you where they are and routes your trips through them, tells you how long to charge to the next one. So lets say the ACTUAL range is more like 180miles with the factors you stated, thats not gonna prevent you from going where you want or driving how you want to drive. You can literally plug them Teslas up ANYWHERE...charging stations, outdoor outlets, etc.



How much range do you need? If you need more than 150 miles on a daily basis then sure, but if not then you leave the house with the "full tank" every day so you got 150+ miles to play with daily. You goin on a trip you route through the superchargers and you're good to go.

I doubt we will see any significant advances in range like 400+miles in the next 5yrs so this is as good as its gonna get for now. If you want more than the Model 3 then you should also consider a preowned Model S or X by the time the 3 rolls around they should be selling pretty cheap maybe like 50-60k. :money:
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I want to be able to put some speed behind the car without draining so much of the budget
 
jagu said:
And I never spent over $15k for any BMW back then.
Again, when will they build a car with a comparable interior to the Lexus or s class for what it really cost to build an electric car, which isn't much?
As for range, I do travel more than 200 miles some days since I practice all over Georgia, so range is important to me. So, you can't build a car for most people, you have to build a car for everybody.

The model S that I built comes to $127,000. I can get a well appointed M5 for $98k after discount and I won't even spend the difference in Gas over the life of the car.
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The M5 isn't an economical car man.:hmm: Apples and Oranges. The Tesla 3 will pay for itself in the time it takes to pay off a normal car. I wouldn't buy a M5 with your money. Too many alternatives
 
3MountainsChang said:
The M5 isn't an economical car man.:hmm: Apples and Oranges. The Tesla 3 will pay for itself in the time it takes to pay off a normal car. I wouldn't buy a M5 with your money. Too many alternatives
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Relax, I don't care what you buy with your money and I certainly wouldn't give you a penny to buy a car. Now if you think clearly, without all the tremble in your voice, I was not comparing the M5 to a model 3 and the top model tesla is not an economical car. Hell, this $35k tesla 3 is not an economical car especially given that you can't drive more than 300 miles without having to take a 30 minute break, if you can find a charger.
Also a $35k tesla is $35k. Any other $35k car will be discounted to $30k Lol.
 
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jagu said:
Relax, I don't care what you buy with your money and I certainly wouldn't give you a penny to buy a car. Now if you think clearly, without all the tremble in your voice, I was not comparing the M5 to a model 3 and the top model tesla is not an economical car. Hell, this $35k tesla 3 is not an economical car especially given that you can't drive more than 300 miles without having to take a 30 minute break, if you can find a charger.
Also a $35k tesla is $35k. Any other $35k car will be discounted to $30k Lol.
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Good thing I don't need you to either. How is the Tesla 3 not economical? The car is rated for 215 standard, no gas and fast enough for a normal commute. What would you pick? o_O
 
BrownTurd said:
This cat is not for everyone as electric cars can be inconvenient. The constant charging and counting miles can be a bit much for some.

Also the way you drive, temperature outside and running heat can seriously deplete your range so that 200 plus is not exact. Depending on the temperature outside I can be more of less. In the summer heat you will end to always get more vs the winter
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Who the fuck drives 200 plus miles a day?
 
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Tesla is successfully marketing their products and the electric car which the other automakers can use to finally generate volume. It is like Apple which helped push smartphones and tablets, Samsung and other companies used the hype generated to sell. It is win win for everybody.

I don't think this will be the final design for the Model 3, they did the same thing with the Model X.

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3MountainsChang said:
Good thing I don't need you to either. How is the Tesla 3 not economical? The car is rated for 215 standard, no gas and fast enough for a normal commute. What would you pick? o_O
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I had the choice and I chose the M5 to commute in. Glad I did.
 
jagu said:
Do you know any busy self employed doctors with multiple offices , or lawyers who practice in multiple jurisdictions? They don't do it everyday but often enough.
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People forget the temperature(weather) impacts your charge range. In the winter you not getting those ranges.

I learned this with my recent electric car purchase. I love my electric car but I can see the setbacks of having one
 
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