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  • William Maley
    William Maley

    Tesla's Model 3 Gets Even More Expensive

      Where's the mystical $35,000 Model 3?

    .Over the weekend, Tesla CEO Elon Musk took to Twitter and announced a new powerful version of the Model 3. The version according to Musk will cost $78,000 and will be "quicker & with better handling.

    The last line of Musk's tweet made us chuckle since the current Model 3 warranty doesn't permit racing and autocross.

    Quote

    Driving over uneven, rough, damaged or hazardous surfaces, including but not limited to, curbs, potholes, unfinished roads, debris, or other obstacles, or in competition, racing or autocross or for any other purposes for which the vehicle is not designed.

     

    Nevertheless, it has brought up questions as to where the $35,000 Model 3 is. For a number of buyers who plopped down the $1,000 deposit, this is the model they are waiting for. Musk gave a roundabout answer to where the low-priced Model 3 is.

    There is some truth to Musk's madness. Tesla is burning through cash like it is going out of style. According to Bloomberg, the company used up more than a billion in the first quarter. One way Tesla raises money is rolling out their most expensive variants of the Model S, X, and 3. Once they have enough cash, they will begin production of less expensive models.

    But the Model 3 has proven to be very problematic for Tesla. Various delays and production issues have caused Tesla to push back production targets for the Model 3 again and again. Tesla is aiming to produce 5,000 Model 3s a week by the end of the second quarter.

    “The idea that it’s supposed to be a car for everyone is kind of laughable. Anyone who wanted a base model may have to wait years out,” said Ivan Drury, senior manager of industry analysis at Edmunds.com.

    Source: Bloomberg (Subscription Required)

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    8 minutes ago, ccap41 said:

    That's one heck of a downgrade. 

    Not really, in comparison of the base Tesla to a Fully loaded Bolt which comes in at the general same price point, If you can get a Bolt with the fed discount and yet no Tesla, why wait if you want and need an auto. Clearly 65,000 plus and growing Tesla 3 reservation holders are doing this in California and elsewhere as the value is there in the Bolt.

    Some good fair even headed comparisons on the Tesla 3 to the Bolt.

    http://www.businessinsider.com/tesla-model-3-chevy-bolt-comparison-pictures-2018-4

    They have plenty of negative and positive things to say, but the review made this point over and over: 

    "I also flat-out loved driving it. I blasted in and out of New York City twice, rocketed around the streets of Gotham, darted through traffic, and cruised along the highways of New Jersey. I enjoyed just driving it around the quiet streets of the suburb where I live.

    The steering is quick and responsive, and the handling is sharp enough to provide the confidence you need when surfing that sweet EV torque."

    Quote the ending: 

    "But the Bolt punches well above its weight, while the Model 3 should be better for how much its costs at the upper end of its specifications.

    Pricing is also an issue. Right now, you can have any Model 3 you preordered after a long wait — as long as it starts at $42,000. (Tesla isn't manufacturing the $35,000 base vehicle.) If you want the base Bolt, Chevy will gladly sell it to you for $37,500.

    So if you want to get technical, the only true mass-market all-electric vehicle in the market is the Bolt.

    Both cars are fun to drive, in their own ways. The Model S is stable, sporty, and fast off the line, but the Bolt, hardly a slug, affords a kind of video-game-like driving experience, especially when zipping around a city like New York.

    And not for nothing, the Bolt hit the market a year ahead of the Model 3, demonstrating that big slow GM could, to a certain extent, beat Tesla at its own game and deliver a less expensive long-range EV, at least initially.

    So I have to call it a dead heat."

    I would agree with the last statement, while they do not compete in the same category, there are plenty of things the Bolt does right and above it's class. There are plenty of things the Tesla does that should be better for the price you pay. I agree that it is a dead heat right now.

    Another good read by Forbes which is also balanced:

    https://www.forbes.com/sites/brookecrothers/2018/02/25/chevy-bolt-2018-vs-tesla-model-3-best-small-ev-and-most-popular-ev-cheat-sheet/#3b2186c15578

     

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    10 minutes ago, ccap41 said:

    Blah Blah Blah that's going from a sporty car to a half-ass CUV/car/van-like thing. That's a downgrade. 

    :roflmao: WOW, I see it from a half ass piss poor car to a roomy CUV.

    Tesla 3, Half Empty

    Chevy Bolt Half Full

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    16 minutes ago, ccap41 said:

    Who would have thought you'd think it was a upgrade? 

    A hybrid CUV/van/wagon mix is never an upgrade. 

    Disagree, Going to a small car is always a Downgrade to me. Luxury, roomy SUV / CUV are and always will be an upgrade to me. 

    Even a full size Truck is an upgrade over a car.

    MHO

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    25 minutes ago, dfelt said:

    Luxury, roomy SUV / CUV are and always will be an upgrade to me. 

    It's like the inverse of an auto enthusiast statement. 

    Might as well just say you're in love with electric cars too...

    😬

    25 minutes ago, Cubical-aka-Moltar said:

    A subcompact economy car like the Bolt would be a downgrade relative to most anything, though. 

    In what world is that class of car considered "subcompact"? 

    • Haha 1
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    8 minutes ago, ccap41 said:

     

    In what world is that class of car considered "subcompact"? 

    It's really tiny---164 inches long.  That's a subcompact.    It's only slightly larger than the Sonic hatchback, and smaller than the Trax (subcompact CUV).   Definitely too small to be a compact.

    8 minutes ago, ccap41 said:

    It's like the inverse of an auto enthusiast statement.  

    I don't know, I like luxury SUVs over ordinary cars as far a daily driver.  I'd take my Jeep over any midsize sedan.   Likewise, I'd probably take an GLS, Escalade or Navigator over most full size sedans for a daily driver...

    Edited by Cubical-aka-Moltar
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    11 minutes ago, Cubical-aka-Moltar said:

    It's really tiny---164 inches long.  That's a subcompact.    It's only slightly larger than the Sonic hatchback, and smaller than the Trax (subcompact CUV).   Definitely too small to be a compact.

    Can I share your drugs...

    Sonic.PNG

    Trax.PNG

    Model 3.PNG

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    It is also classified as a mid-size by EPA standards, if I remember correctly. 

    4 minutes ago, Cubical-aka-Moltar said:

    ???  I was taking about the Bolt dimensions.  Go back and read my post. I clearly said Bolt. 

    🤦🏼‍♂️ YUP.

    You know whats ironic about that is I originally thought you said Bolt but I reread it and I reread it WRONG. 

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    I wonder what the Model 3 is classed as.  It like it might be smaller inside than the  C-segment luxury sedans (ATS, C, 3, etc)

    4 minutes ago, balthazar said:

    EPA uses interior cubic volume- to them a 1973 El Camino is a subcompact.

    I could see that.  Small interior, huge exterior.  It seemed to carry its long hood, long tail shape better than some of the Rancheros--the 77-79 Rancheros had such long overhangs and a pinched looking cabin. 

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    Elon Musk overpromised and underdelivered again.  Maybe everyone who reserved their Tesla Model 3 should get their money back and simply buy an already available Chevy Bolt.  And I mean ALL OF THEM.

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    If my reading on it earlier is correct it’s interior volume + trunk volume and the Model 3 is 97+15 which puts it technically in the Large car class. 

    Edit: Mid Size is correct. 

    AB242124-2EF7-4044-A0DB-6D8E66FA6EDF.png

    Edited by ccap41
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    Bolt is going to hand the 3 it's a*s*s* again.......😂😂

     

    I think at this stage pretty much every automaker could hand Tesla their behind....

     

    Things are no looking rosy for them at all.....

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    19 hours ago, ccap41 said:

    Blah Blah Blah that's going from a sporty car to a half-ass CUV/car/van-like thing. That's a downgrade. 

    Correct.  Until the Bolt can put accelerate a Corvette I am not interested.  The Model 3 is a much faster car than the Bolt and looks better and is from the “in” brand not your grandpa’s brand.

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    29 minutes ago, smk4565 said:

    Correct.  Until the Bolt can put accelerate a Corvette I am not interested.  The Model 3 is a much faster car than the Bolt and looks better and is from the “in” brand not your grandpa’s brand.

    Mercedes is your Grandpa's Brand too and they have no EV.

    The speed difference for the majority of people is insignificant and the Bolt can go faster if you put it in Sport mode. Interesting how no one really talks about the fact that you can take a second off that magic number you like to use too much on 0 to 60 if you are in Sport mode that then puts the Bolt on a level plane with the Tesla 3 that is more cramped than the Bolt.

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