By on June 16, 2015

Tesla Model S Center Stage

Tesla dropped a bombshell at a conference in Washington Monday, when Chief Technical Officer J.B. Straubel said the Model 3 would be two separate models.

Per Straubel, not only would there be a sedan to take home, but a crossover Model 3, as well, Wall Street Journal reports, complimenting the Model S and upcoming X at the entry-level starting price of $35,000. Both models are due in 2017, and will give owners 200 miles to enjoy the silence with every charge. No other details were given at this time.

Meanwhile, Straubel says Tesla is working on new models set to come after the Model 3 — no details were given here, either — and reiterated CEO Elon Musk’s statement of selling 500,000 units annually by 2020, adding there would be 1 million Teslas on the road around the world by then, as well.

The announcement comes on the heels of the automaker receiving a secured revolving credit line of up to $750 million in an agreement with Bank of America, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan Chase, Morgan Stanley and Wells Fargo. The line of credit is meant to give Tesla some breathing space as it prepares to launch the long-awaited Model X, expected to hit showrooms this fall barring (yet) another delay.

[Photo credit: Tesla/Facebook]

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27 Comments on “Straubel: Tesla Model 3 Hitting Showrooms In Sedan, Crossover Variants...”

  • avatar

    There’s no way the Model 3 will be $35,000. TESLA has a very dishonest way of misleading buyers.

    Look at their website:

    They quote prices AFTER you factor in the Federal Tax credit – which AMT payers won’t even qualify for…

    They quote prices AFTER you factor in a “$10,000 fuel savings” which is RIDICULOUS since many people with an equally sized car with a turbo-4 or V6 probably wouldn’t spend $10,000 in the period of time they don’t even bother to list.

    MARK MY WORDS: the Model 3 is gonna be no less than $50,000 with basics like Navigation and a moonroof.

    When it all comes down to it, the CLA (and C-class) will STILL be a better option and still sell in higher numbers.

    Or even the Chrysler 200 AWD (Less than $35,000 loaded).

    There are so many P85D fanboys trying to lowball the P85D and P85’s price. This will be just another one they want to talk everyone into desiring no matter how inconvenient it is. Meanwhile, they are driving their puny Prius, Volt, Leaf, etc praying to god that one day they’ll have the $135,000 necessary to get that P85D…

    Everyone WANTS the P85D because it’s fast and offers all the key features. Problem comes when people think the entire line is exactly like the P85D and can’t tell the difference.

    The biggest sin TESLA made was cancelling the 40KWh trim. It was in the $50,000 range (high 50’s) but it was actually properly positioned unlike the far more expensive 60, 70 and 85…

    • 0 avatar

      I kind of have to agree.

      The Model S was supposed to start at $55K after ‘guberment handouts but the word was no one really wanted the base model $55K version – so it was axed, and the basement jumped closer to $70K.

      Winning across the board – got the attention and the marketing hype, they “did” deliver a $55K version (after hand outs) for a short period of time, and then got rid of it – but by then the press had eaten it up.

    • 0 avatar

      When did navigation and a moonroof become “basics?”

      • 0 avatar

        Navigation systems are basics of a “luxury car”.
        Moonroofs (panoramic) are the basics of a “luxury car”.
        Heated/Ventilated seats are the basics of a “luxury car”.

        If CHRYSLER can give you all of this in the 200c AWD for less than $35,000 – without having to try to lie about “tax rebates”, “fuel savings” etc… Then Tesla should be able to as well.

        • 0 avatar

          Torque, smoothness, and quiet are the classic hallmarks of luxury IMO. Auto-pilot systems will be added to that list. The 3 will probably have that as an option,

          • 0 avatar

            Then the question becomes: What is a “luxury car”?

            The Model S is only a luxury car because of it’s pricing. When you really get down to it, all your money is going into the platform R&D.

            A $135,000 P85D is nowhere near as luxurious as a $100,000 S550.

    • 0 avatar

      The $35k price was announced to be the price BEFORE any tax credit…

      I agree it does seem pretty optimistic, but then again that’s roughly where the 3 series starts, and the S is price competitive with Audi, Porsche, and Jags of its size.

      I think the $35k one will be a real stripper and you’ll be able to option it up with dual motors and things to perform like an M3…for M3 money.

    • 0 avatar

      Except we can’t trust your analysis.

      You keep saying a P85D is $135,000, but the price is actually $105,000, BEFORE any incentives, fuel stuff, etc. Just click “CASH” on their website.

      The only way you get to $135,000 on a P85D is… Well, you don’t. Turning on every single option only gets you to $130,000. Again, cash, before incentives.

      • 0 avatar

        I can show you all the pictures I took of their stickers – it’s in my videos SKIPPY.

        TESLA is LYING to the tune of $18000

        And THIS IS WHY I take no fanboy seriously.

        You people keep lowballing the numbers.

        If it’s so cheap: GO BUY ONE.

        • 0 avatar

          No one can read numbers from your videos.

        • 0 avatar

          It’s sage advice to not trust a fanboy. No matter what brand they adore.

          You are aware that the only way to buy a Tesla is via the website? Even when you go into a store, talk to the salespeople, go on a drive, etc, when it comes to buy, they plop you down in front of a computer, point you to the public website, and you order there? They even tell you to go home and do it if you prefer.

          Thus, there are two options:

          A) You log in, buy the car, put down your deposit. When you go to pick it up, they go “oh, and by the way, it’s $18,000 more than the contract you signed. I know you probably have a lawyer on staff, but I’m sure we’ll win this, and nobody will report it to the media.”

          B) Something else.

          I’m about to blow the rabid anti-fanboy mind: Tesla LOWERED the price of the P85D 8 MONTHS AGO. By $14,000. They lowered the price of some options too. I know this not because I am a fanboy, but because I did a google search.

          So no, Tesla is not lying. It’s that your data is very old, but it fits your view of the world so you were unwilling to consider that it might be out of date and instead assumed a large company could somehow mislead every buyer on the price of the car.

          Speaking of lying, still waiting for that video review of you in the ViperJet we were promised a year ago.

  • avatar

    even at $50k, it could do significant damage to the D segment luxury cars. There’s a lot brand whores to snare from their current 335’s, S4’s, C400’s etc. (myself included)

    • 0 avatar

      That’s assuming that badgewhores value Tesla more than BMW and Mercedes.

      #1 Audi’s with AWD will be a cheaper option to a Model 3 with a dual motor – assuming one ever gets built. The A7, S7 and RS7 are all better options to the P85 and P85D.

      #2 There are people who’d break their back for a BMW or Benz to park outside of their lowly apartments – who lack access to rapid chargers.

      #3 The CHARGING infrastructure is ultimately going to hold these cars back. Many people lack a garage to charge these cars in.

      • 0 avatar

        >> Many people lack a garage to charge these cars in.

        A garage isn’t required. EVSEs work fine in rain and snow.

      • 0 avatar

        (((The A7, S7 and RS7 are all better options to the P85 and P85D)))
        The Audis offer more “luxury” but I think the Teslas offer more “prestige”—at least in the Silicon Vally. Further, the Teslas get single-person use of the carpool lanes here in California. California alone is a big enough market if Tesla can grab a large enough percentage of it. We also generally don’t have range-reducing cold weather.

        (((park outside of their lowly apartments – who lack access to rapid chargers )))
        (((CHARGING infrastructure is ultimately going to hold these cars back)))

        This will affect some people, but homeownership rates are hovering about 64% country wide. A further percentage of people rent homes. Finally, more and more companies and public places are offering quick charging. Outside my office building there are more free charging stations than rechargeable vehicles. While I certainly agree that electric charging and range issues will hold back some buyers, there are plenty of people would could swing one of these vehicles (especially if it is a 2nd or 3rd vehicle).

        I think the bigger issue is that by the time the Model 3 ships (if ever) there will be even more alternate options. The BMW i3 comes to mind as well as the Audi model you mention. Tesla reminds me of the hybrid Acura NSX: advertised prematurely, and by the time the thing ever ships, there will be similar competitors already in the market. Technology marches on!

      • 0 avatar

        “#3 The CHARGING infrastructure is ultimately going to hold these cars back. Many people lack a garage to charge these cars in.”

        That’s like saying Ben & Jerry’s latest ice cream flavor will fail because people are lactose intolerant.

  • avatar
    SCE to AUX

    I’ll be all over the Model 3, as long as I can fit inside it. If the CUV variant resembles a smaller Model X, that’s a win.

  • avatar

    Hurry up and take my money….this will be the perfect car for the wife

  • avatar

    “Tesla dropped a bombshell”

    If only all bombshells impacted so few people.

  • avatar

    1. is a pure guess on your part. there’s nothing to say that the Model 3 wouldn’t have AWD. Besides, BMW sells many more 3 series than Audi sells A4’s, and I would bet many of the 3 series are RWD. Audi also sells a goodly amount of A4’s that are front wheel drive (eewww!)

    2. Are you referencing a Billy Joel song? Because that would actually be pretty cool.

    3. A lot of people who are going to drop your $50k estimate on a car are probably going to have a place to keep it. If they live in the city where parking is hard, they’re probably not driving 200 miles per week, or possibly even per month. and it’s a lot easier to find an electrical outlet in NYC than it is a gas station.

  • avatar

    I’d have traded in my RX8 already for a model S if it weren’t for the fact that they basically cost $120k in Canada (but then, my 2011 RX8 was almost $60k!). I’m patiently waiting for the Mazda6 Diesel to come out, but who knows if that will ever happen. Until then, I will enjoy the RX8 until the Tesla Model 3 is here.

    I live in an apartment. The Apartment folks lept at the chance to assist in building a charging infrastructure downstairs if I get an electric vehicle, for the positive marketing aspects. And I also have the advantage that I use Bullfrog Power for my electricity, which is all from wind and hydroelectric sources (a big thing up here in the great white north), thereby really going hydrocarbon-free for my driving.

    I do tend to road trip to Florida, New York, or Chicago fairly often, but there’s charging infrastructure for that. The rest of the time 200 miles more than covers a daily trip for me.

    There are more than a few folks around I know who purchased something like a Prius or (*shudder*) a Volt because they were basically the best options available. I didn’t go that route because I actually enjoy driving and I’m sure I’d go insane switiching from the RX8 to a Volt/Pruis/Leaf. But not so for Tesla.

    So I wait (im)patiently. And I’m most certainly not alone.

    (Edit: typo)

  • avatar
    healthy skeptic

    As a proud 335i owner, I’d say that if some variant of the Model 3 offers 335i-like performance and luxury, I’d seriously consider it. (That and a battle with my HOA to get EV wiring installed.) If it costs 45-50k to configure to that level–well, that’s about on par with BMW. Put any kind of options on a present-day 335i, and you’re sailing past 50k.

    BSTR, who are you trying to convince? Not everyone shares your tastes or priorities.

  • avatar

    If they can come through at the price, then this and the Chevy Bolt will change the game completely. And it’s only a couple years away, so they say. Can’t wait! Tesla is less likely to hit the price point, but they’ve got a great selling point in their proprietary Supercharger network, whereas the SAE Combo quick charging standard likely to be used by the Chevy is nearly unsupported so far.

    Either way: No more polluting your neighborhood, dealing with the mechanic, or sending gas money to countries that want to kill us. No noise, vibration or harshness.

    And, most to the point for me: fun to drive. Electric drive transforms the Chevy Spark from an unbearable 1.2 liter crapbox into a tire-smoking hot hatch with 400 lb ft of instant-on torque. Imagine what it could do in a clean-sheet car.

    • 0 avatar

      “Either way: No more polluting your neighborhood, dealing with the mechanic, or sending gas money to countries that want to kill us. No noise, vibration or harshness.

      And, most to the point for me: fun to drive. Electric drive transforms the Chevy Spark from an unbearable 1.2 liter crapbox into a tire-smoking hot hatch with 400 lb ft of instant-on torque. Imagine what it could do in a clean-sheet car.”

      This. I think a lot of people who don’t understand the hype around green energy in general forget that lots of people die or are injured every year from smog and pollutants. Forget the macro, anthropogenic climate change argument, are cities are dirtier, and peoples lungs sootier, for all the fossil fuels we burn.

      Then, on top of that, Tesla makes an electric car that’s actually FUN to drive! They won’t be the only, either. It doesn’t even matter if Tesla is successful or not at hitting their price-point. They’ll move the needle, and the tech they’re developing (and open-source patenting) will make future electric vehicles cheaper and more efficient.

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