https://www.dailymail.co.uk/news/article-6325969/Tesla-slashes-70k-price-Model-3-Performance-car-throws-perks-buyers-paid-more.html Tesla slashes $70k price of Model 3 Performance but is forced to throw in perks for buyers who had already rushed to spend $5k extra on enhanced acceleration 28 October 2018 Leah Simpson, Leah Mcdonald
[images https://i.dailymail.co.uk/1s/2018/10/28/15/5500778-6325969-image-a-12_1540739951376.jpg Now customers can get the upgraded Tesla Model 3 Performance car for $64,000 as opposed to $69,000 https://i.dailymail.co.uk/1s/2018/10/28/15/5500768-6325969-image-a-15_1540740573923.jpg tweet capture He (Musk) had previously announced the slashed price on social media and got negative responses https://i.dailymail.co.uk/1s/2018/10/28/15/5500780-6325969-image-a-13_1540740088185.jpg ] - Now customers can get the upgraded car for $64,000 as opposed to $69,000 - The Model 3 Performance sedan's best package cost $5,000 more until Friday - CEO Elon Musk offered early buyers their money back or free Supercharging for life on the electric vehicles - A car expert noted the version without the additions was 'awkward' to drive - Tesla said it wanted to give the 'best possible driving experience to customers' Elon Musk was forced to throw in some extra perks for Tesla buyers Friday after the brand cut the cost of their Model 3 Performance sedan by $5,000 and irritated those who had already purchased the package. Customers complained directly to the CEO via social media after he shared the seemingly good news with followers that 20-inch wheels, a carbon-fiber decklid spoiler, lowered suspension, and quicker acceleration were available on the model at $64,000 as opposed to $69,000. It led the 47-year-old billionaire to offer those who rushed in early to buy the motor, more bang for their buck. [image] CEO Elon Musk faced criticism on Twitter as customers complained about the cut cost Clarifying the deal after a tweet that suggested it was a limited time sale and the price would soon be rising again, Musk replied: 'Not going up. We will just offer those who ordered bought 3P either $5k back or free lifetime Supercharging.' Supercharging the electric cars cost $0.24 per kWh and with 400kWh costing the customer $96 in the state of New York, it will also take the driver 1,000 miles on the road. If a person only drove the car 12,000 miles on average each year, it would take just over four years to earn their upgrade money back. [© dailymail.co.uk] https://www.forbes.com/sites/jeanbaptiste/2018/10/25/elon-musk-we-cant-make-the-35000-tesla-model-3-today-in-6-months-maybe/#35d34c145aef Elon Musk: We Can't Make The $35,000 Tesla Model 3 Today, In 6 Months Maybe Oct 25, 2018 Jean Baptiste Su Contributor Enterprise & Cloud Vice-President and Principal Analyst at Atherton Research [image https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fspecials-images.forbesimg.com%2Fdam%2Fimageserve%2F1008732794%2F960x0.jpg%3Ffit%3Dscale Tesla's base Model 3 is at least 6 months away. If Tesla sells the $35,000 car today, it will probably lose several thousand dollars per vehicle because of the high fixed-cost of producing it. (Photo by Mason Trinca for The Washington Post via Getty Images) ] Despite delivering over 56,000 Model 3s last quarter (Q3), and even more expected in the current period, Tesla is still 6-months away to be able to produce the long-awaited base model that has a starting price at $35,000. According to the Silicon Valley carmaker, the Q3 starting price of the Model 3 was at $49,000. "Better than expected Model 3 cost reduction is allowing us to bring more affordable options to the market sooner," said the automaker. However, CEO Elon Musk finally admitted yesterday that the Palo Alto-based company is about 6 months away from producing the very first base version of the Model 3. "If we can produce the $35,000 car today, we would do it," said Musk. "But there is more work to do before we can make $35,000 car, and have it be positive gross margin. We're probably less than six months from that." Last week, Tesla introduced a medium-range version of the Tesla 3 with a 260-mile estimated range and a starting price of $46,000. "We are trying to provide most affordable electric car options that we can. And since we just don't have the ability to get to the $35,000 car right away, we thought this [the medium range version] might be a way to offer it as an intermediate step." Atherton Research's Take The problem Tesla is facing is the high cost of producing the Model 3 which is now on par with the Model S and X. And if Tesla sells the $35,000 Model 3 today, it will probably lose several thousand dollars per vehicle. So before that happens, Tesla needs to significantly improve its manufacturing costs and the yield of its production lines to bring the total cost of the Tesla 3 to $30,000 or less, as Musk admitted during the company's Q3 earnings call. Which is why the carmaker is now so intensely focused on cost optimization, now that it moved away from "production hell" and "delivery hell" and that the Model 3 production is finally stabilized. Jean Baptiste "JB" Su is Vice-President and Principal Analyst at Atherton Research, a global technology consulting and intelligence firm advising clients plan, build and deliver successful go-to-market strategies. You can follow him on LinkedIn (https://goo.gl/z5zGlx) or Twi... MORE Author: Jean Baptiste is a Vice-President and Principal Analyst at Atherton Research, a global technology intelligence firm advising clients deliver successful go-to-market strategies. [© 2018 Forbes Media] http://www.autospies.com/news/The-WAIT-Continues-Tesla-s-Elon-Musk-Admits-It-s-About-SIX-Months-Away-From-Producing-A-Base-Model-3-97592/ The WAIT Continues. Tesla's Elon Musk Admits It's About SIX Months Away From Producing A Base Model 3 10/28/2018 Tesla's Elon Musk Admits It's About SIX Months Away From Producing A ... According to the Silicon Valley carmaker, the Q3 starting price of the Model 3 was at ... http://www.autospies.com/images/users/Agent00R/main/tsla_model3_red_fact.jpg For EVLN EV-newswire posts use: http://evdl.org/archive/ {brucedp.neocities.org} -- Sent from: http://electric-vehicle-discussion-list.413529.n4.nabble.com/ _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
