Hundred of thousands of people plopped down $1,000 to reserve a Tesla Model 3 last year. At the time, buyers were told not to expect their Model 3 until the end of 2018. Since then, buyers haven't been told a thing. When will their vehicle arrive? What options will be available? What will be the final price? None of these questions have been answers and some now are looking for answers.
Bloomberg spoke with some people that dropped $1,000 deposit to get on the Model 3 reservation list. All of the people in the story want more information and hope they get some answers this Friday as Tesla will be holding an event to hand over the Model 3s to the first 30 customers.
The lack of information received from Tesla “makes me 100 percent more nervous,” said Patrick Herrity, a 34-year-old business consultant in Virginia who made his Model 3 reservation online. He said he understands the company is being secretive to ward off competitors but hopes this week’s event will shed more light on his next ride.
What Herrity wants is a fully-loaded Model 3 with all-wheel drive and a sunroof -- options that won’t be available in the first cars to roll off the assembly line in Fremont, California. Musk has said the Model 3 will initially be built with the simplest design, unlike the feature-heavy Model X sport utility, which was plagued by early production problems.
One key bit of information many buyers would like to know is where they fall on the reservation list. The U.S. begins to phase out $7,500 federal tax credit for electric vehicles once an automaker has sold 200,000 vehicles. Tesla is hoping to produce 20,000 Model 3s by the end of the year. If this holds, Bloomberg projects that Tesla will cross this threshold sometime next year, leaving some buyers with a more expensive proposition.