Is the Tesla Model 3 Actually Going To Cost $50,000?
cartechboy writes How low can battery costs go, and how fast? That's the question automakers are dealing with when it comes to the future of electric cars. Tesla is betting big on electric and has already proven many skeptics wrong with its Model S sedan. The company is making even bolder claims with its upcoming Model 3 stating it'll have about 200 miles of range and a base price of $35,000. That's a nice goal, but is it possible. Battery skeptic Menahem Anderman wrote a new report suggesting that the pace of cost reduction for electric car batteries won't be as swift as Tesla's CEO Elon Musk suggests. This leads Anderman to predict the actual price of the upcoming Model 3 will be in the range of $50,000-$80,000.
Or no.
With the rest of us kicking in the $10k subsidy, maybe 40k will be the cost.
That's a $500 lease payment and basically in line with a BMW 3 Series, not exactly demotic pricing but there's a lot of people shopping for something in that range, particularly after tax creds and discounting gasoline.
Don't blame me, I voted for Baltar.
For $80k, I'll just get that...or a small house.
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
Speculation is fine, but do we really need more articles attempting to predict the cost of a car that doesn't yet exist? I might even consider buying one, but before I can take one for a test drive, and see the actual price.
Who should I believe?
Menahem Anderman a self confirmed "battery skeptic"
Elon Musk who runs the company that makes the best and arguably most successful electric car ever produced, and is constantly hitting production targets?
My money is on Elon.
They will make the batteries, I guess they pretty much know how much they'll cost to make
From the article's conclusion: In the most likely scenario, Anderman writes, “the price of the 2017 new model will be in the range of $50-80K.” The 60-kWh version of today's Tesla Model S large luxury sedan starts at $69,900, with an EPA-rated range of 208 miles. Given that the Model 3 will be a smaller car with one-third less range, using a next-generation battery to be produced in bulk at Tesla's planned gigafactory, that seems rather pessimistic.
More importantly, the fact that the majority of the value in the car is in a perishable resource. That battery will NOT last forever, and when it needs a new one you'd be better off scrapping the entire car and buying a new one. How good is that for the environment?
First show a proper cart of how the batteries charge capacity decreases with time.
Second what proportion of the cars cost is the batteried which will have to be replaces in N years time
Do the batteries used have some interchangeable standard (even legal) so that replacements DONT become exclusive to the original manufacturer.
What is the 'carbon' footprint of the vehicles manufacture and how does that compare to the typical combustion engine cars manufacture and lifetime use.
The Model S was aimed squarely at BMW 7-series, Mercedes S-Class and other similar upscale large luxury sedans. The people who can afford those like new gadgets, new technology and the like -- and have the disposable income to afford them. It would not surprise me at all if they had sufficient income to have a "second" car that they use for occasions where they will exceed the range of the Model S, in addition to a "family hauler" for the wife and kids to get around in.
If the Model 3 comes in at $50K, that will put it in line with equivalent models from the same marques they were going after with the Model S -- Audi A4, BMW 3-series. It's at the top of the range for a 3 or A4, but not absurdly so. Plus there are tax credits and in many cases the electricity is free at the SuperCharger station, or substantially cheaper than gasoline. If you are lucky enough to work at a place like I do, the electricity is free so you can charge while you are at work.
Tesla is a luxury brand. It's not being marketed to Prius and Yaris owners. Although the cost of a plug-in Prius gets pretty steep pretty quick ... to the point I'd take the (likely) much better looking Model 3, if it takes after the looks of the Model S. The other "eco" cars are kind of dowdy.
Atm I drive to and from work 100-150KM depending if I have to pick up stuff for my shop. I pay $265 for my Yaris and I give myself $300 in gas which is paid by the shop. At this rate I'd just sell the Yaris, put the money into the Tesla and have work use the gas money towards the Tesla and the payments I'm already making on the Yaris. No more fill ups and save $0.15/L+ in gas tax untill the gov surcharges me for the use of a electric vehicles. There's the cost of electricity but that should be no where near what gas is.
by TheSpoom (715771) Uncaring Linux user here. I have nothing to add to this but please continue. *munches popcorn*
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The basic oddity of the Model 3 plan is Tesla's intention to jump all the way from the $80K S down to half of that on the next model. An electric car doesn't really need to be as cheap as $35K, since the S has demonstrated demand for a higher price if the car is good, and since the average price of a new car is already $28,400, and those cars will burn tens of thousands of dollars of gas over their lifetime.
One way or another there is going to be a financial incentive to feel their way down the price point more gradually, although I hope they remain committed to, and are able to pull off, the revolutionary approach.
And those "Analy tics" was predicting low iPhone 6 sales.
They need to make a $200,000 Tesla with the best possible performance and every bell and whistle they can think of.
I like Tesla, but on their website they post prices that reflect the tax credits and other incentives, but conveniently skip sales tax, licensing, etc.
I've seen plenty of local dealers with prices on Autotrader that they then claim is after "$XXXX trade-in." What a joke.
Tesla Model S is 69k, the model 3 is going to be less expensive and be less "premium" for lack of a better word. If your back of the napkin estimates don't TOP out at 69k then you have no basis in reality. The article sort of points this out and says an 80k price is "pessimistic" I am going to argue that it is psychotic, and invalidates everything else this soothsayer had to say.
If the gigafactory pans out and the battery price actually falls low enough to support mid-luxury sedan (BMW 3 class, Lexus 3xx) at 35K, the real action will be elsewhere. All his patents have been made public domain, gigafactory proves the ability to make battery cost that low. There will be shortage of investors for more giga factories. Nissan Leaf would go from 25K to 18K. That is the price point where that segment becomes a very very serious threat to gas car market. Till we hit Peak Lithium of course.
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
"Stanford Team Creates Stable Lithium Anode Using Honeycomb Film" "The linked article suggests that the 200-mile-range, $25,000 electric car is a more realistic concept with batteries made with this technology" http://beta.slashdot.org/story... http://cleantechnica.com/2014/...
Who the fuck is this ass-clown? Why do I give a fuck what he thinks?
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How's that hyperloop working out for you? Big on talk, even bigger on fine print.
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When somebody can make a decent range electric car that doesn't look like a piece of shit *coughleafpriusvolt*, and isn't priced at nearly double what you'd otherwise spend on a decent-looking brand new car made by another auto manufacturer, I might consider buying one... Tesla is the only player so far in the electric vehicle market that has made attractive cars with respectable range. But until Tesla can actually compete with gasoline cars on the amount it will actually cost to own one, they are just never going to be anything but a luxury automobile. That's not to say that they won't sell... they certainly will, But they are selling their name... not the vehicle. And there are lots of people out there who will pay top dollar for a brand name. However, not everyone can practically afford a luxury car, even though they can quite comfortably afford an otherwise really nice looking car that isn't a hybrid or EV.
File under 'M' for 'Manic ranting'
If theres a magic number for tesla, somewhere theyre hoping to get in order to dramatically increase sales of their technological wonderland on wheels, theyre sadly mistaken. Your target demographic in the future does not fucking care.
According to the AAA, From 2007 to 2011, the number of cars purchased by people aged 18 to 34, fell almost 30%, and according to a study from the AAA Foundation for Traffic Safety, only 44% of teens obtain a drivers license within the first year of becoming eligible and just half, 54% are licensed before turning 18. Speaking as a millenial, let me be frank when I address the clearly shocked and disappointed Baby Boomer parents that find my lack of enthusiasm infuriating.
You're right, i want electric vehicles to staunch global warming and climate change. and I sure do like that cellphone I'm always carrying. However, You're delusional if you think I want a new car . You wrecked the economy, crushed the housing market, and saddled me with student loans that can never be forgiven and that will garnish my wages even after death. until last year, i didnt have a chance in hell of getting health insurance. Most of my friends work more than one job, not many of them earn a programmers salary like me and even if they did theyd be furious to find out most of it (after the universities generous cut) is going to an apartment owned by a capital investment firm that doesnt care about my broken shower. I've never met my landlord but i sure as hell know who my loan officer is. A car represents tax, title, license, maintenance, and fuel money I dont have. It represents parking tickets and accident insurance and a parking space. Not only do i lack the cash to buy this car, but chances are likely i'll never have the credit rating you did.
so drop it low. I dont care. I live downtown and I reverse-commute to the exurbs because the traffic is easier and im not as frightened of minorities as your generation was. I own a bicycle and take the bus if theres inclimate weather. The car is a 2001 crown victoria fleet vehicle I purchased used from the city with a broken door lock switch and a sagging headliner and honestly, i dont care. cars do not exemplify who I am or my success as a person and as more companies become copacetic with telecommuting, they'll only become less relevant to me.
Good people go to bed earlier.
Shove it up your ass!
Ahh... Go shove it up your... ;)
A "bad" battery won't land in a landfill. At least the raw materials will be recovered (there's a lot of Li that you don't have to buy then) and there's also lots of mechanical and electronic parts that will be still fine. Refurbishing and recycling could save a lot of cost compared to new batteries.
Building lots of them will also make them cheaper, as with everything.
Your right gas cars are total non-perishable and never wear-out or need replacement parts, and gasoline can be recycled as well.
I need to know what an electric car is going to cost me over its projected service life. I need to know the up-front cost of replacing a battery. I do not want to base my purchasing decision on "green" energy subsidies that may disappear after the next election.
I'll see that bet... at 45,000,000 to 1 odds.
This year, I went to the annual auto show in Dallas. What a total waste of money and time. The automakers who bothered to attend sent very junior people who didn't know anything. But they looked young and pretty. And that was their main selling point too: pretty. Pretty girls selling pretty cars. One of the few interesting cars there was a Nissan Leaf.
Don't know why they bothered having the show. If the show was an indication of the state of automobiling, I'd say they are out of ideas, and too gutless to try what few ideas they do have. Dealerships trying to stifle competition through legal technicalities makes them look really weak. Car makers need some serious shaking up, and Tesla may be the spark that sets off the forest fire. I hope batteries improve to the point that gasoline powered cars can no longer compete, and the public begins unloading them, rather like the way they unloaded SUVs in 2008 when the price of gas spiked, but more permanent.
Intellectual Property is a monopolistic, selfish, and defective concept. It is "tyranny over the mind of man"
This is no more Troll than the original post.
84MPG, only $6800 -- that's not a typo.
http://www.eliomotors.com/
Yes, it's an enclosed motorcycle, but it drives like a car. You will not need a helmet in almost all states. It will solve more problems than the Tesla will, which is a just a Green toy for Rich people. This is an actual vehicle for you and me, regular people that earn less than 6 figures a year.
If telephones are outlawed, then only outlaws will have telephones.
My 2012 Leaf cost $15,600 used, with 8,000 miles as a rental. It looks and runs like brand new, and I don't have to recoup the difference between the purchase price and that of a similar gasoline car.
Gasoline alone used to cost $240 per month in our old car. The payment on the Leaf is $245. Electricity is about $50. Based on our acual usage, I pay about $ .07 USD per mile.
"You wrecked the economy, crushed the housing market, and saddled me with student loans that can never be forgiven and that will garnish my wages even after death"
You can, in order:
Blame the banks and government for shady lending practices
Blame the banks and government for shady lending practices
Blame yourself for taking on student loans to pay for your education. Guess what ? No one else gets a free ride through college either. ( Unless you're smart enough to earn a full scholarship, or let the military pay for much of your school for you )
I tire of the never-ending whining of the millennial generation about how they can't afford anything and how unfair it is that they're not earning six-figure top pay the moment they graduate from college. Way too much of an entitlement attitude I think.
Welcome to reality son :D Where you really can't afford everything you've ever wanted right now, where debt follows you around forever and where you might have to put a few years in at a company before your pay is where you want it. Just fyi, the majority of recent-grads aren't swimming in excess cash either. Wait till you get tired of that apartment and all the bullshit that comes with downtown living and buy a house. Think you have no money now ? LOL
Want kid$ ?
Want to retire someday ?
The worst part about it is it's mostly the fault of my generation ( X ) giving their kids everything they ever wanted all of the time. They got accustomed to that lifestyle and when they finally get out into the real world ( those that actually leave home anymore ) reality comes down on them HARD. They never realized how much money things really cost until it's coming out of their own pocket. ( Then it's unfair of course ) Why is my credit card maxed out ? Why is my credit score so terrible ? What do you mean I have to make insurance premium payments on my healthcare every month ? Why the hell does the government take 25% of my paycheck ?
Oh, to finish up. Consider living outside of the downtown area. It's typically cheaper, although you'll need to buy a vehicle because riding your bike or the bus to work every day for a 100 mile round trip commute gets really old. Really fast.
So, have fun with life as it really exists and get off my lawn :P
Sounds like maybe someone is paying Mr. Anderman to be a "naysayer".
Make money on driving competitors stocks down ?
Now who could profit from that?
Maurice W. Hilarius Voice: (778) 347-9907
It don't matter. In New England we were forced to start to go with renewable energy. National Grid claims this can cause electricity to go up 24%. We should not be forced to adopt something that is overpriced. Electric demand should set the rate... not a subsidy for renewable energy. If you want to build a wind farm you should build it to be cost effective. If you ask me I think the new rate was padded. damn idiots taking advantage of subsidies. If this happens I plan to go off the grid. 10kw surplus solar panels and turbine generator.. and of course batteries. all equipment would be used bought off ebay. I really prefer driving my Jeep Wrangler anyway.
All electric companies have lower rates for electric vehicles. For example, edison allows you to set up a separate meter for electric vehicle and pay only $0.11/kWh.
$500 lease payment + $150 in gasoline (15k miles, 30mpg, $4/gallon gasoline, rounded down). You might want to round up to account
Once you factor that in, you're looking at $350/month cars, which are still nice ones if not BMW 3 series.
My Tacoma was $300/month while the payments lasted, and it's not exactly long on features, and bought in '08.
I don't read AC A human right
How easy is it to get a separate time-of-day rate meter in California?
I'd rate it as 'very easy' - there are companies that will do the install and I found an article on Los Angeles EV rebates. It pays you $250 for a separate meter, which they say will cover 'months' of charging. From what I remember electric meters are cheaper than water meters.
The Tesla can indeed be configured to charge only during a preset time, or hooked up to a system that allows the power company to turn it off when needed for even more discounts.
I don't read AC A human right
Seriously, this guy has written about Tesla for a number of years. Yet, he has always been negative on them, and WRONG.
The global EV market will grow from 65,000 units in 2012 to 450,000 in 2020; and yet, pure evs nearly doubled in 2013 to 111K and on-track to double last years sales in 2014. Heck, at the end of 2015, Tesla ALONE will be producing 50K cars / year.
and here, he gripes about Tesla as being a large unknown, and not likely to hit its numbers.
Basically, Anderman is NOT about batteries, but just an industry troll, with lousy ability to make accurate predictions.
I prefer the "u" in honour as it seems to be missing these days.
I pretty much am hoping Tesla fails miserably. I don't like their cars and I can't stand what appears to be their ethics regarding lithium consumption and recycling. I hate what they're going to do to Nevada.
That said... I think that if you're making your own batteries using chemicals you'll source however you can and CapEx for battery production is almost nothing because the government is basically picking up the entire tab on it, he'll have no problems making batteries far less expensive than his competition.
I guess this guy accomplished what he really set out to do. He got into the headlines... too bad he ended up looking like a whiner baby who feels threatened by Musks crazy way of poisoning the planet.
The prices the article mentions are before or after incentives? If someone makes an electric car that costs, say $30000 after incentives, the government will greatly reduce the incentives, as they will evolve into a huge financial liability.
which would be a pretty good investment by the government, backed by the electrical industry, industry willing to gamble on building the infrastructure for electrical vehicles, and environmental interest groups/industries.
It is easy to come up with possible ways of subsidizing the Tesla to keep its cost low, possibly lower than the $35k proposed. It is a technology a lot of people want to see succeed.
"Consensus" in science is _always_ a political construct.
Elon Musk was supposed to have a third generation vehicle available by 2014 for less than $30,000. That was what he promised five years ago. We're still a Model X away from that. He might be able to hit $35,000, but I think 2018 is optimistic.
http://www.newyorker.com/magazine/2009/08/24/plugged-in
After all, they pay the majority of the taxes, right? (here the fact they make the majority of the money makes no difference).
So basically, most of this subsidy is coming from the top 1% of earners.
Which isn't you, dearie.
Unless there is some enormous revolution in battery technology that makes state-of-the-art Lithium Ion / Lithium Polymer batteries look as antiquated as lead-acid, AND is cheaply and easily mass-manufactured, Plug-in Hybrids (PHEVs) are going to be a better option for most people through the 2010s and 2020s.
The reason is simple: When the range of your vehicle can be measured in a few hundred miles, you are going to need to refuel or recharge quite often. Problem is, the only place you can guarantee the availability of charging apparatus (and the permission to use it) is on your own personal property. If you're very very lucky, you might be able to secure access to this at your place of employment -- but if you switch jobs, all bets are off.
Since gasoline stations are omnipresent almost anywhere in the civilized world, not only in the U.S. but worldwide, having your vehicle ultimately rely on gasoline as a "fall-back" or "range extender" means that you could, in a pinch, get in your car that's out of battery juice and has 1 gallon of gas in the tank; go to the nearest refueling station; fill up; drive several hundred miles; and repeat that several times to get from one end of the country to the other. You'd only spend a total of about 30 minutes refueling throughout your long journey.
So a PHEV can be relied upon to have "virtually unlimited range" (assuming you have unlimited money to pay for the gas) if you have a sudden, pressing need to go a long distance. You cannot rely upon a pure EV because you have no idea where you'll be able to find a recharging station, and even if you do, assuming it's compatible, it will take at least 45 minutes to an hour to get a good charge going (until EV batteries are based on supercaps or something that can recharge in seconds, but that's yet to be commercialized, much less mass-manufactured).
200 miles isn't a lot. Back and forth to work; run some errands; drive across part of a mid-Atlantic state to visit a relative; and you've driven 200 miles. Better hope grandma can bring out a long extension cord to charge up your car on the 120V overnight (assuming the current draw doesn't pop her 1970s-era circuit breaker faster than an electric lawnmower will).
I want to see more PHEVs with a range long enough for your ordinary commute on pure EV, but with a range extender (basically a gasoline-powered electric generator) that can give you range competitive with traditional gasoline vehicles. The nice thing about PHEVs is that you can make the battery a little bit smaller than the enormous ones Tesla needs for a 200-mile EV, which cuts down the cost into the 30k range quite easily. Tack on a medium-sized government subsidy and you're looking at sub-30k prices for a vehicle that might only use gasoline weekly or bi-weekly if the driver can fit their round trip commute in on the EV.
This is possible TODAY. To avoid the appearance of a shill I am deliberately not mentioning any manufacturers or vehicle models. But I really don't think people will be able to buy pure EVs until there is an Earth-shattering revolution in battery technology that would enable 1000+ mile range OR near-instantaneous charging; and even then, we'll need to build up a near-omnipresent charging infrastructure before you'll see very much adoption.
Meanwhile, with PHEVs, smart owners can continue to demand that the infrastructure for EV charging will build up, while still having a fallback if absolutely needed. The fallback of gasoline gets about half the MPG (i.e., costs twice as much) as using electricity produced on the grid, so drivers have a financial motivation to ask their workplace, local convenience stores and gas stations, etc. to have advanced high-speed chargers. This demand and the resultant market response will help build up the infrastructure WHILE we are getting our ducks in a row to prepare for the full-on EV revolution. Therefore, we avoid the chicken and egg problem by phasing in the demand, and we don't inconvenience consumers in the near term by allowing them