As promised, Tesla has revealed the tally for first-week orders of the upcoming “affordable” Model 3 electric car, and it’s good news for the company.
It’s also bad news if you ordered late and are hoping to show off your ride anytime soon.
As of today, the electric automaker has taken over 325,000 reservations on the 215-mile range Model 3, which translates into an eventual $14 billion in revenue if no one backs out. With each buyer putting $1,000 down on their order, that means Tesla just made a cool $325 million that could be used to ready the vehicle, and the company’s facilities, for production.
Tesla Motors is cranking out EVs at its fastest clip yet, but buyers who put money down on the Model 3 should still have serious questions about the timeliness of their delivery date.
In the first quarter of this year, Tesla delivered 12,420 Model S sedans and 2,400 Model X SUVs — nearly 50 percent more volume than the same period last year. The electric automaker said a parts shortage in January and February hampered Model X production, but with the issue resolved, deliveries of 80,000 to 90,000 Teslas can be expected this year.
“It’s a headache,” said the Hyundai vice president in charge of eco-friendly vehicles of his company’s efforts to chase Toyota and others in building green vehicles, Automotive News has reported.
Speaking at a South Korean electric car expo, Lee Ki-Sang, senior VP of Hyundai’s Eco Technology Center, went on to state that 26 hybrid, plug-in, full-electric, and fuel cell models will arrive by 2020, but added that Hyundai and Kia’s relatively small home market of Korea will make these moves risky and “difficult.”
One would think that the executive charged with building and selling an innovative line of vehicles would discuss the development of said vehicles with more than a simple yawn.
The Tesla Model 3 had its curtain of hype lifted tonight, and it exists after all.
Sleek, with pronounced shoulders and a roofline that slopes to the decklid, the newest Tesla remains over a year away from production, but at least it now has a face.
Or lack thereof. But more on that later.
Tesla founder Elon Musk said the Model 3 will have an EPA-rated range of “at least” 215 miles, and will retail for $35,000. Every Model 3 — even base versions — will hit 60 miles per hour in less than six seconds.
The wraps are coming off the hotly-anticipated Tesla Model 3 tonight, and the event will be broadcast live at 8:30 p.m. PT, 11:30 p.m. ET.
If you didn’t spent the first order day lining up around the block to put $1,000 down on the lower-priced Tesla, you can at least live vicariously through your computer screen.
Tesla founder Elon Musk tweeted yesterday that tonight’s launch is “Part 1″ of the reveal, with the second coming closer to the model’s production date. This implies the Model 3 shown tonight won’t be the exact vehicle you’ll drive when it hits the market in late 2017.
It likely won’t be embryonic, either.
If you live in California and your demographics are right, your electric car dream is within reach. Yes, even you, baristas and struggling actors!
The website Leasehackr stumbled upon a killer deal for lower-income Californians (assuming they live near charging stations), and spelled out how leftover 2015 Ford Focus Electrics can be leased for essentially nothing.
If your personal life aligns with Ford’s customer incentives and California’s revamped EV rebate program, it can be done.
If you didn’t think an electric car could stall, Volkswagen has a Golf-sized dose of reality for you.
That, Jeep’s Compass/Patriot successor wants to woo south of the Equator, General Motors gets some good legal news, there’s money in them there charging stations, and Volvo gets a PR boost … after the break!
The maker of all things that blow is apparently sucking up some government cash to build an electric car.
Britain’s The Guardian is reporting that Dyson is receiving a public subsidy from the British government to develop an EV, a project that will no doubt draw from the company’s depth of knowledge regarding small electric motors.
For Tesla Model S P90D owners who have concluded they won’t soil their firm, supportive seats if given the chance to go faster, well, they’re in luck.
Tesla Motors is offering to bring “Ludicrous” mode to owners of the top-end Model S as an aftermarket upgrade, assuming their wallet can match their need to blow everything else out of the water. (Read More…)