Monday, March 27, 2017
Tesla plans big for Model 3 Electric car
An year ago, Tesla unveiled its current electric car, the Model 3, and Elon Musk provided a glance at an almost-final version of the vehicle.
Musk published a short video to Twitter as "release candidate version" of the Model 3 and also clarified that the Model 3 is not a successor to the Model S and he stated
"Model 3 is just a smaller, more affordable version of Model S with less range & power & fewer features," and clarified that the "Model S has more advanced technology."
"Am noticing that many people think Model 3 is the 'next version' of a Tesla, like iPhone 2 vs 3," he says "This is not true."
Unveiled on April 1, 2016, the Model 3 was priced at $35,000 initially, making it Tesla's most affordable model. At that time, Musk stated that the base version of the Model 3 would go from zero to 60 miles an hour in less than 6 seconds and take a drive up to 215 miles on a single charge.
The electric five-seater car accelerates quickly as the best selling luxury sport sedans in U.S - the BMW 3 Series and the Mercedes C Class - and costs about the same.
The value proposition was best ever for an electric car.
Production plans were ramped up after taking 400,000 deposits at $1,000 a piece. Now, three months from the start of official production, the billionaire Tesla CEO is of the opinion that he cannot only match the performance of those elite luxury brands, but outsell them in the U.S in just one year.
Tesla has many techniques in store for the Model 3 launch. Musk disclosed detailed production targets. Initially Musk stated that the company is placing orders with suppliers for “1,000 cars a week in July, 2,000 a week in August, and 4,000 a week in September.” Thereafter Tesla plans to increase production to 5,000 cars a week by the end of the year and 10,000 a week by the end of 2018. Currently, the company is able make 2,000 Model S and Model X cars a week.
For the Model 3, for Musk to achieve all of his targets, Tesla would need to have 430,000 Model 3s by the end of next year. That's more than total electric cars sold last year. The roll out will begin in California and move fast, emphasizing U.S reservation holders. Even if half of the Model 3 inventory shipped to other countries, U.S sales under Musk's goals would pass the BMW 3 series and the Mercedes C class - together.
Yet another estimate Musk restated - Tesla thinks it can build 500,000 total cars next year. Model S and Model X growth would advance, but at a slow rate.
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