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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.

10 of 393 comments (clear)

  1. Re:Still pretty affordable by jellomizer · · Score: 4, Insightful

    In short someone who who could afford the car is someone who really shouldn't need the tax credits. An other case of normal politics.

    The right makes it so the Rich doesn't have to pay taxes.
    The left makes it so the Rich are the only one able to avoid paying taxes.

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    If something is so important that you feel the need to post it on the internet... It probably isn't that important.
  2. No by Dr+J.+keeps+the+nerd · · Score: 5, Insightful

    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.

  3. Re:Still pretty affordable by rogoshen1 · · Score: 4, Insightful

    insert morpheus meme -- "What if i told you the rich run both parties, and neither has the middle/lower classes interests at heart?"

  4. 50-80k is an insane estimate by netsavior · · Score: 4, Insightful

    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.

    1. Re:50-80k is an insane estimate by schlachter · · Score: 4, Insightful

      Model S might start at $70K but it can be optioned up to $100K.
      The Model 3 will be similar. It might start at $35K but it will option up to $50K.
      You could still have a starting price of $35K but with an average selling price of $45K.

      --
      My God can beat up your God. Just kidding...don't take offense. I know there's no God.
  5. Re:More importantly by bmo · · Score: 5, Insightful

    That battery will NOT last forever,

    And neither does an internal combustion engine, either. Your point?

    and when it needs a new one you'd be better off scrapping the entire car and buying a new one.

    Citation needed. Seriously.

    How good is that for the environment?

    Awesome, actually. The battery can be recycled, and there aren't any heavy metals to deal with either.

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    BMO

  6. Re: Still pretty affordable by imgod2u · · Score: 4, Insightful

    That math really only works if you charge during peak hours (which most people don't) and compare it to the cost/mile driven of a Prius. Which is about as stretched of an assignment as you can make

  7. Re: Still pretty affordable by imgod2u · · Score: 4, Insightful

    Well let's see:

    Your food.
    The gasoline you buy.
    The other cars you could buy.
    Your bank account insurance.
    Your home insurance.

    The list goes on and on. I don't think you live in the Somalian government free paradise you think you do.

  8. Re:Still pretty affordable by BradMajors · · Score: 4, Insightful

    Yes. No one buys a Telsa in order to save money.

  9. Re:Maybe 40k by ArcadeMan · · Score: 5, Insightful

    But the entire world's projected number of electric vehicles in 2020 depends on the price of electric cars and their batteries.

    I'm also assuming those projected numbers came out the ass of MBAs.