The Future
Abraham Benjamin de Villiers

The Tesla saga continues

Elon Musk has repeatedly mentioned the $35,000 price for his Model 3. The problem? Tesla can't make money with such a "low" price. In fact, last year Tesla lost $225,000 per hour.

Musk unveiled specifications for a faster and more powerful version of the Model 3 in a series of tweets over the weekend. It will cost US$78,000, more than double the US$35,000 base-model starting price discussed into the run-up before the electric car’s deliveries started last year. And that doesn’t include the Autopilot driver-assist feature.

Losing $2 billion in a year does focus the mind. Anyway, I don't know even one person who would buy a Model 3 at $35,000. The masses will have to wait for their electric nirvana.

“A Model 3 with a US$35,000 price will be the rarest of the rare,” said Kevin Tynan, a Bloomberg Intelligence analyst. “Perhaps the second most collectible Tesla ever, behind the one floating around in space.”

That's funny.


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)