Tesla is in the game to make money with its $35,000 Model 3, due out in late 2017, but that claim was recently disputed by an industry insider.
Jon Bereisa, an electric vehicle engineering consultant (and former General Motors systems architect responsible for the Chevrolet Volt), said recently that the Model 3 needs to be much more expensive for Tesla to break even, according to StreetInsider (via Electrek). (Read More…)
Nissan is trying to play Tesla’s lengthy Model 3 waiting list to its advantage.
A print ad that landed in the country’s most-read newspapers this morning is playing up the Model 3’s wait times, according to Automotive News, and encouraging EV buyers to go the faster route by buying a Leaf.
There’s nothing subtle about the ad, which would have been green-lit by Nissan’s intimidating sales and marketing head Christian Meunier. Since taking on the role in January, Meunier has laid out an aggressive marketing strategy, meaning the Leaf spot could be the first of many cheeky ads. (Read More…)
Orders of the life changing, marriage-saving Tesla Model 3 are poised to hit 400,000, but Fiat Chrysler Automobiles CEO Sergio Marchionne doesn’t think they’ve got the right stuff.
Diarmuid O’Connell, Tesla’s vice-president of business development, confirmed the number of orders at an electric vehicle conference in Amsterdam yesterday, two weeks after the low-priced model’s glitzy unveiling, Electrek has reported. (Read More…)
Much to the delight of EV fanatics and sandal enthusiasts around the world, Tesla reported last week that 325,000 people had placed refundable $1,000 deposits on its Model 3 sedan. Even pessimistically projecting a defection rate of 25 percent, that’s still nearly a quarter of a million cars which need to be built and delivered starting late next year.
Industry analysts have nattered at length about the logistics of the mass order and Tesla’s ability to pull it off. However, there is a new obstacle on the horizon, this time involving the core reason many have given for reserving a Model 3: tax credits.
Suffice it to say the Model 3 has consumed all of the Tesla oxygen in the past few weeks, but that doesn’t mean the Model S is just going to roll over and play dead.
Sources inside the company told CNET that a changes are coming for the ground-breaking electric sedan, possible as early as next week. If true, Tesla founder Elon Musk clearly knows a thing or two about sustaining buzz.
The shadowy source claims the Model S will receive an exterior facelift and a slight move upmarket thanks to more luxurious interior trappings.
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 founder Elon Musk wants to build a new European factory to satisfy growing demand on the continent, and France knows just the place he should do it.
French Energy Minister Segolene Royal reportedly pitched the idea of using the site of a soon-to-be-mothballed reactor to Musk, according to Reuters (via Automotive News Europe).
“He didn’t say no,” said Royal, who plans to follow-up the pitch by meeting with Tesla management.
Tesla’s third production model, its Model X crossover, will start arriving to customers who have already ordered the car September 29, the automaker announced.
Customers for the crossover, which costs $133,000 to $144,000, began ordering options and colors for their cars that include premium sound and “ludicrous speed” modes.
The company announced it would hand over its first few cars to new owners at their headquarters in California.
Despite the absence of a mule, prototype or anything that would resemble reality, Tesla’s Model 3 — or III, however you spell it — will make its debut at the Geneva auto show next year, AutoExpress is reporting.
The BMW 3 Series fighter would be the third model from Tesla, and perhaps the first built in a European factory. Representatives from Tesla said they would consider building the Model 3 on the European continent once the automaker started mass producing its three models.
The Tesla Model 3 duo will seem like vaporware for a while longer, as full production of the low-cost EVs won’t start until 2018.