By on May 7, 2015

Tesla Building Circa March 2015

The elusive unicorn known as the Tesla Model 3 is set to hit showrooms in H2 2017, but will make its world debut much sooner.

During the automaker’s Q1 2015 earnings call, CEO Elon Musk announced that his company would bring the Model 3 to the global stage next March, AutoGuide reports. This likely could mean an appearance around, if not during, the Geneva or New York auto shows that bookend the month.

Before the $35,000 EV with the 200-mile range leaves the studio for the ramp, however, the Model X SUV is expected to take its place alongside the Model S.

[Photo credit: Tesla/Facebook]

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33 Comments on “Tesla Model 3 Set For Global Debut By Next March...”


  • avatar
    CoreyDL

    This will coincide, I imagine, with the full new lineup of production-ready Alfa Romeos at the same show!

  • avatar
    SCE to AUX

    I’m not holding my breath.

    As much as I like Tesla, I can’t imagine having a $5000 downpayment for the X sitting in Tesla’s bank account for the last few years. I guess I’m not their demographic… yet.

    • 0 avatar
      schmitt trigger

      ” I guess I’m not their demographic… yet.”

      +1

      That is the ultimate status symbol: Put a significant down payment, sight unseen, on what could be vaporware.

  • avatar
    Master Baiter

    I’ll believe the $35K when I see it. Probably includes subsidies, “gas savings” and $10K of imputed good vibes you get from driving an EV.

    • 0 avatar
      jpolicke

      What’s really delaying the car is the little-known asterisk shortage. This car will need a lot of them:

      $35,000****
      *Base model with 100 mile range
      *After federal tax credit
      *After state credit from a state you don’t live in
      *Batteries not included

      Asterisks don’t grow on trees, you know.

    • 0 avatar
      redav

      I don’t think it’s that far out there.

      – I expect $40k without subsidies, not $35k.
      – I expect there will be multiple ranges / battery sizes, starting with nearly 200 mi. and going up to 300 mi.
      – It will aim squarely at the BMW 3 series. It won’t be quite as nice on the inside, but I expect it will have superior performance.

  • avatar
    TrailerTrash

    What? Another BIG BIG announcement and promised new product release date? Has this Flim Flam Man EVER met a date he set?
    Never.
    EM is the best at playing the news and investors.
    This is like Rock Hudson selling VIP in Lover Come Back!!!!

    • 0 avatar
      SCE to AUX

      He may not hit promised dates, but he does deliver on the product.

      Tesla and SpaceX are the real deal.

      • 0 avatar
        Pch101

        Tesla missed the price point on the Model S, which included the discontinuation of the entry-level model.

        Developing an EV is easy. The cost of the battery is another matter.

        • 0 avatar
          galaxygreymx5

          Musk tipped his hand on the earnings call last night in regards to their battery prices and it’s certainly a game changer.

          They’re guiding a 20% gross margin on a gigafactory-built stationary storage unit which sells for $250/kWh. This means their costs for the whole setup (including casing, cooling system, warranty costs, connectivity, etc.) are $200/kWh.

          Extrapolate and that means that the (widely assumed) 50 kWh pack in the Model 3 will cost Tesla no more than $10,000. Tesla likes 25% gross margins on their cars so the $35,000 Model 3 will be targeting a gross BOM and assembly cost of $26,250. Subtract the $10,000 battery pack and that leaves $16,250 for the shell of the car, glass, seats, all that.

          Having worked in the auto industry I can say with relative certainty that $16,250 is PLENTY to stamp out and assemble an entry level Model 3, even including labor.

          They could still screw it up, or delay it, or kill people with it or something, but if they’re really moving batteries at a cost of $200/kWh they absolutely have the ability to profitably build a $35,000, 200 mile electric car.

          For reference, Chevy Volt batteries in 2010 were widely thought to cost in excess of $1,100/kWh.

          • 0 avatar
            Pch101

            If those numbers are achievable, then that’s meaningful.

            I don’t particularly follow battery and systems prices, but that estimate sounds aggressive.

          • 0 avatar
            redav

            I think those numbers are at full capacity. They won’t get them that low until a fair amount of time after the plant is running. Expanding their batteries into other markets–or into other manufacturers’ cars–will be the determining factor for their success.

            I do think they will get there sooner than later, but the $35k start price seems aggressive.

    • 0 avatar
      Vulpine

      The simple fact that he DOES release a vehicle, even if late, negates the term “flim flam man”. If he had never released a product at all, or in such small numbers that it’s obviously nothing but a tease, then maybe your negativity would have some support. The fact that he’s actually trying to make his goals without giving the buyer a total piece of junk (look again at the reviews of the majority of buyers) means that he truly is trying to make it work.

      • 0 avatar
        TrailerTrash

        Bull.
        He got this far, like all these electric cars, by getting price breaks paid for by consumers and government investments.
        He got extreme tax breaks for building his California company.
        Yes, all companies play this game, but only the social controlling government and do-gooders force the money from all of our pockets to promote these industries.

  • avatar
    Pch101

    Only $34,999. Price does not include taxes, license, registration fees or the battery.

  • avatar
    Rod Panhard

    Tesla. (y-a-w-n). I hope that some day his fanboys get a chance to blow him, and get this weird idol worship out of their systems.

    • 0 avatar
      Whatnext

      Or maybe his internet haters will.

      It used to be Americans celebrated industrialists who developed new technologies, I guess now it is just easier to sling poo on the web.

      • 0 avatar
        fvfvsix

        Are you putting this guy beside the likes of the _real_ Nikola Tesla? Too far, man.

        I happen to know people who work in the actual battery industry that have more patents than this guy will ever have the smarts to dream up… and while they won’t say he’s full of it, they will note that he’s not doing anything groundbreaking. Just one visit to the R&D labs of a Duracell or an Energizer would make that fact plain as day. Gigafactory Shmigafactory

  • avatar
    jpolicke

    In other news, the Chrysler turbine car is right around the corner. Any day now.

    • 0 avatar
      redliner

      I heard it was going to come out early this year, but then Chrysler scraped the car (it was almost production ready!) because they have decided to make it a serial micro-turbine plug in hybrid. Expected arrival date… Q3 2019.

  • avatar
    mcs

    If I’m not mistaken, he hedged a bit on the March date.

  • avatar
    APaGttH

    Given the announcements from a number of larger OEMs, and the declining price points on the Volt Mk 2 and one has to guess the Leaf, as well as a growing list of all electric “compliance cars,” 2H17 is very tardy to the party.

    • 0 avatar
      SCE to AUX

      Not really. There are only two BEV makers of any consequence – Nissan and Tesla. Compliance cars have little volume so far.

      The relative affordability of the Model 3 will make potential EV buyers wait for it. Revealing another beautiful Tesla design early will give pause to anyone considering a Bolt or Leaf 2.0, even if they’re available sooner than the Model 3.

      As a Leaf 1.0 driver about to part with my leased car in a few months, that’s my position, anyway.

  • avatar
    vent-L-8

    I’m starting to feel like Charlie Brown when Lucy offers to hold the football for him…

  • avatar
    derekson

    So it will be revealed in March of 2016, which means that if it follows the time to market of the Model X we should see them for sale sometime in 2021.

  • avatar
    craiger

    It’s not impossible to develop the car. I doubt the market will be big enough to sustain it though.

  • avatar
    shaker

    An American-owned company, producing technologically advanced American cars and batteries in American plants, using American labor with a little help from the American gov’t?

    BAH! HUMBUG!

    • 0 avatar
      zamoti

      I know really! Tesla is terrible, just burn it all down.

      I so don’t understand the distaste for Tesla, they’ve not hit all the marks perfectly, but it’s not like Ford/GM/Nissan/Toyota, etc. have gotten straight A’s on model lineup or delivery of promised cars.

      So many people complain that “Meh, all cars are boring and look the same, waah” but now that something different is around, it’s like a bunch of monkeys just found a glow stick in the forest and they’re scared of it. “Bite it!” “No, hit it with a stick!” “Ooh ooh, smash it with a rock!”

      WTH?!

      BTW, you said government and thusly summoned the libertarians. Here comes the ca-ca.

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