Tesla has lifted the veil on its most important undertaking: the Model 3, a $35,000 car designed to bring electric vehicles and autonomous driving to the masses. By the looks of it, and the interest it’s attracting, it just might succeed.
On Thursday, Tesla raked in 134,000 reservations, each with a $1,000 deposit. And that was before most people saw the car—on Saturday morning, Chairman Elon Musk announced a total of 253,000 and counting. A little perspective on those numbers: There are now more than twice as many reservations for the Model 3 as total sales of all previous Tesla cars combined. In the unlikely event that all the refundable deposits turn into deliveries, this would represent an $11 billion launch.
More here – Bloomberg
Oh my gosh – I love Teslas! Beautiful cars. I want one.
My current car is 5 years old with 60k on the clock – I’m hoping that by the time it’s wearing out I can go electric for a reasonable price. Currently I would guess the Tesla 3 would retail for around 60 grand in Australia and that isn’t reasonable (to me at least).
I should have another 10 years before I need another car so things look on track
It’s certainly a step in the right direction, but in regards to buying one that’s some way off. The infrastructure to support it – that is the charging points – is some way off so I’ll wait a decade or so.
To call a spade a spade then maybe this is how Tesla should instead be viewed:
http://www.zerohedge.com/news/2016-04-11/tale-two-car-companies
Struggling to see how this is any different o every other car manufacturer on the planet. The local car market would have disappeared a generation earlier if it were not for government subsidies.Toyota received $500 million over four years – that equates to about $50,000 per worker at the time.
The US car industry subsidises car to the tune of about$166.
But then Zero Hedge was always short on balance, facts, common sense and the ability of any of its participants to make money.
Spot on, I agree that’s it’s no different from the rest of the car industry & that is exactly the point. Tesla is nothing more than a product of the Welfare state and it achievements (as great as they may be) need to be seen in that light. It is not a product of the Free market no matter how much look at me pretentious green wanking is done.
Presumably the Tesla vehicles are exhilarating to drive and don’t look too bad either.
I enjoy reading some stuff on zero hedge so i’d have to disagree with you on that point i guess. Can’t comment on the authors ability to make money either as i think they contribute somehow anonomously under the fake name “Tyler Durden”. So i doubt it’s possible to work out the author/s net worth. Perhaps you know somehting i don’t and could elaborate ? 😛
Chris, I should say also that i very much enjoy your Blog and the brutality with which you deliver your pearls of wisdom especially related to Trading. I find it somehow refreshing in this molly coddled lack of personal responsibility country (Which i love to bits by the way) we now live in.
So if it seems like I’m a pesky heckler I’m sorry. I am a shit stirring left of centre St.Kilda supporter with a trade background from way back and am not afraid to call bullshit if i see it and at the same time enjoy chewing the fat with a bit of banter 🙂
cheers
Great car, a mate in Norway had the earlier Tesla. Said it was the fastest car he had ever driven.
But – Tesla is actually a battery designer and manufacturer. The car is just a self-made market for their battery. The exciting one I am looking forward to is their battery wall, which will mean that a house can be independent of the grid. I believe the sales of that will blitz the car.