Tesla Launches Base Model 3 For $35,000 With Shorter Range, New Interior (electrek.co)
In a call with reporters Thursday, Tesla CEO Elon Musk said the company is finally launching the long-promised standard Model 3 with a base price of $35,000. "The automaker is now making several new versions of the Model 3 available with a shorter range and new interior options," reports Electrek. From the report: Today, Tesla sent an email to its retail stores the details of the announcement of the new options being available to order in the U.S. today and available as soon as next month. All the details are expected to become available in the next hour, but here's what we know so far: Customers are now able to order the $35,000 Model 3 with a standard interior and standard battery pack enabling 130mph top speed and 5.6s 0-60s acceleration. Tesla is also making a new "Partial Premium Interior" with better seats than the standard interior available with a different "standard range plus" battery pack for a $2,000 premium. The Model 3 Standard Range Plus results in 240 miles of range, a top speed of 140mph, 0-60mph acceleration of just 5.3 seconds. Tesla says that deliveries are starting within the next 2 to 4 weeks depending on the configuration in the U.S. In Europe, Musk said it will be available to order within the "next 3 to 6 months."
Slashdot reader Rei provides additional details: The new unveiling introduced a whole slew of variants, including (price, range, top speed, 0-60, premium):
SR: $35K, 220 miles, 130mph, 5.6 seconds, non-PUP
SR+: $37K, 240 miles, 140mph, 5.3 seconds, partial-PUP
MR: $40K, 264 miles, 140mph, 5.2 seconds, PUP
LR: $43K, 325 miles, 140mph, 5.0 seconds, PUP
AWD: $47K, 310 miles, 145mph, 4.5 seconds, PUP
P: $48K, 310 miles, 162mph, 3.2 seconds, PUP
Pricing, ranges, and features have by and large significantly surpassed initial promises. For example, the Long Range (LR) variant was supposed to be a $9K premium over SR, with the Premium Upgrades Package another $5k, but now PUP is included in LR and the price difference is only $8K. Range and performance specs have been upgraded not just on new vehicles, but will also be upgraded on existing vehicles, where applicable, via software update. The price for Autopilot has dropped from $5K to $3K, and some features once planned to be premium-only -- including the glass roof and auto dimming, power folding, heated side mirrors -- are now standard. The Model S and X product line has also been modified, with higher performance at the top end and lower prices at the bottom.
To achieve cost savings, in addition to production optimizations and the recent layoffs, Tesla announced an unexpected strategy: they're closing most of their stores. Sales will only be conducted online. Instead of test drives, cars can be returned within 7 days or 1,000 miles at no charge. "Quite literally, you could buy a Tesla, drive several hundred miles for a weekend road trip with friends and then return it for free," Tesla said in their blog post.
SR: $35K, 220 miles, 130mph, 5.6 seconds, non-PUP
SR+: $37K, 240 miles, 140mph, 5.3 seconds, partial-PUP
MR: $40K, 264 miles, 140mph, 5.2 seconds, PUP
LR: $43K, 325 miles, 140mph, 5.0 seconds, PUP
AWD: $47K, 310 miles, 145mph, 4.5 seconds, PUP
P: $48K, 310 miles, 162mph, 3.2 seconds, PUP
Pricing, ranges, and features have by and large significantly surpassed initial promises. For example, the Long Range (LR) variant was supposed to be a $9K premium over SR, with the Premium Upgrades Package another $5k, but now PUP is included in LR and the price difference is only $8K. Range and performance specs have been upgraded not just on new vehicles, but will also be upgraded on existing vehicles, where applicable, via software update. The price for Autopilot has dropped from $5K to $3K, and some features once planned to be premium-only -- including the glass roof and auto dimming, power folding, heated side mirrors -- are now standard. The Model S and X product line has also been modified, with higher performance at the top end and lower prices at the bottom.
To achieve cost savings, in addition to production optimizations and the recent layoffs, Tesla announced an unexpected strategy: they're closing most of their stores. Sales will only be conducted online. Instead of test drives, cars can be returned within 7 days or 1,000 miles at no charge. "Quite literally, you could buy a Tesla, drive several hundred miles for a weekend road trip with friends and then return it for free," Tesla said in their blog post.
The one part that I think doesn't signal they are doing well is the closing of the stores. I know where I am there is a Tesla store in the mall and it's always packed. Granted, where I live (S. Fla) is a haven for Tesla vehicles - but still - I think cars are something people want a shopping experience with and I feel this will be a mistake for Tesla.
My fedora is doffed at your excellent adulting, sir
*sucks more pot vape from robot dong*
I am going to purchase one of these vehicles, in fact, funding is secured.
This doesnâ(TM)t look like a good idea to me. A car is something that most consumers want to sit in and explore in the showroom. It is not like a book you order online.
But copy/pasting the same stuff a couple times in a row, that BeauHD can do. Metric still too hard, though.
Closing the stores? Where are you supposed to go to get the car serviced?
Instead of test drives, cars can be returned within 7 days or 1,000 miles at no charge
After a thousand miles driving, I'd say it's pretty obvious there's going to be no charge.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
will the bumpers fall off of these lower priced models, or are self-detaching body parts a "premium-only" feature?
They are legally mandated to either have a dealership or an authorized repair facility for warranty claims. Failure to do so can result in either the return of the vehicle at their cost, or expensive repair claims filed by the independent repair shop it was taken to instead. This applies to California for both new and used vehicles, although I don't know the specifics (basic knowledge of this is a requirement for the automotive repair industry in California if you plan to become smog certified.)
The Hyundai Kona Electric is now available to order with deliveries on Mar 15. Its 37000 or 27000 after tax breaks in California. 260 Mi range and an SUV rather than a Sedan.
The only problem is its so much in demand even though the MSRP is 37000 dealers are charging 41000 as its a better car than the 42000$ Model 3.
Now that the 35000$ Tesla has got released maybe the price premium on the Kona Electric will go down
Thanks Elon. I was in 2 minds about the Kona Electric purchase. Your timely move will let me get it for $27K. (Note its still cheaper than the base model Model 3 as Hyundai gets the entire 10K tax break)
**Life is too short to be serious**
Lemon and warranty laws allow you to return a car anywhere from 4 weeks to 3 months or even longer in some EU jurisdictions.
Not sure whether online sales get around local (sometimes down to city) laws but I'm sure 7 days won't fly in many places.
Custom electronics and digital signage for your business: www.evcircuits.com
Apparently Tesla is giving potential customers 7 days of full possession and 1,000 miles of test drive instead, if I understood it correctly.
That seems enormously superior to sniffing around in a showroom for an hour, to me at least.
"The question of whether machines can think is no more interesting than [] whether submarines can swim" - Dijkstra
No way they'll be turning a profit on these low-priced models. But Musk painted them into a corner by promising them. So now they will burn through cash even quicker. Each delivery will be like burning a dozen C notes.
Closing stores, stashing per unit prices. Bye bye, Musky.
For the 3 and X due to reliability. Are they sexy? Yeah, but I cant get a decent working tablet and I really want a company that makes a car around a tablet.
Turns out that the stores were nothing but a problem for everyone involved.
Basically it didn't allow Tesla to play quite as fast and loose with it's customers as Tesla would like.
Chas - The one, the only.
THANK GOD!!!
Can you just order one a week and keep returning the previous one for a free car forever? This seems like a sustainable business model.
260 Mi range and an SUV rather than a Sedan.
Does it have AWD, or even an option? Doesn't seem ike it from the specs.
Any quick charge ability? Again reading through the product page, seems like an overnight charge,
6.2 inches of ground clearance - Just 0.3 inches more than a MINI countrman, 0.7 more than a model 3 so claiming it is "an SUV" is kind of misleading.
60 mph in 6.4 seconds.
Not sure in what way this car is actually better, except maybe a bit more interior cargo space. By any other metric it is not as good or useful.
As someone else said in another comment, without some approach to long range quick charging it's not a viable option for a lot of people (though I guess you could buy a Kona Electric for everyday use, then a Tesla for roadtrips and return it).
"There is more worth loving than we have strength to love." - Brian Jay Stanley
The Kona is not an SUV. It is a tall version of a small compact. An SUV is something like a Surburban.
I paid $110k for my loaded 2015 Tesla Model S 85D. It's been a revelation of automotive engineering. To get most of the value for $35k in 7/8th sized 1000lb lighter updated version of that car is an *incredible* deal. It should be fun to watch the well funded anti-Tesla forces try to respond
Do Teslas even have an odometer? Does Teslaplan on resetting it to 0 and shipping these cars as "new"?
Yes, I'd prefer to get a car with a 1000 miles on it if that meant I got a significant discount (the 25%+ lost when a car drives off the lot). I can also imagine people buying a Tesla when they need a car for a month with 100% intention to return it.
Your ad here. Ask me how!
This may be easy for millionaires but taking a hard credit inquiry to do a test drive? Is Tesla planning to abandon the argument that the Model 3 is a sensible middle-class vehicle?
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
20% off with 1000 miles on it? Yes, please.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
You've got to pay the full nut up front and then deal with unwinding the transaction after you return it. Very few people will be taking one for a weekend joyride, despite Musk's assertions.
Well, like in the old DotCom days, yeah - they lose money on each transaction, but they make it up in volume!
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full self driving.
Well worth the ~$60k. Obsidian black without the performance package.
IANAL, but since so many laws are out there regarding odometers and how they are set, I don't believe it's legally possible to market a car without one. Rolling back the odometer would definitely get them in all kinds of trouble.
The only car that wouldn't have one might be something vintage from the early 20th or late 19th century that's grandfathered in. Even a custom car has to pass inspection and needs to make some kind of statement on the title regarding miles driven. Not being able to make that statement dramatically reduces the value unless it's something super rare like the 1st Benz. Maybe top fuel dragsters don't have them, but let's see you take that to the grocery store..
For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
Look up hard credit inquiries then.
Most middle class people have credit that is neither shit nor perfect and they finance their cars. Taking a years-long hit to your credit score to take a test drive is stupid.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
Please explain what is wrong with a credit enquiry? How does it affect you negatively? Absolutely not at all!
For the vast majority of those with a decent credit rating your "hard inquiry" will either not affect their score at all or will budge it a few points. Again, I don't see the problem. Credit inquiries are only an issue for those with a lot of debt (or those who have applied for a whole bunch of loans and then backed out for some stupid reason).
People get paranoid about this stuff but it's all based on a poor understanding of the system. I'm firmly middle class myself and have a credit score up over 820. When I do apply for new credit, my score tends to drop 5-10 points tops, for a few months, before bouncing back. Not exactly something to get wound up about. If I were stupid enough to get 5 new credit cards all at once it might drop down to the low 700s, but even that wouldn't impact me in any real way.
Beside the changes announced in this post, my neighbor down the street took "early retirement" from Tesla last month.
I think what has happened is the Securities and Exchange Comission punishment and fines applied to Elon Musk a couple of months ago have destabilized the Tesla car organization. The SEC should realize they took away Tesla's short term working capital with the fine and they damaged the willingness of creditors to support the early manufacturing system de-bugging costs.
The SEC has made a huge mistake and they should reverse their actions. Maybe the problem is in the SEC, it constitutionally can't administer moderate control.
Jesus fucking christ, my 20 year old Acura can go 500 miles on a tank of fuel on the highway. I can go nearly 7 hours without stopping. I couldn't imagine taking a road trip in anything that could do less than say 450. 220, then an hour long charge? So 3 hours then stop for an hour? Fuck this shit, fuck Tesla, and fuck electric cars. What a bunch of bullshit.
There will definitely not be fine print in the contract. Definitely not.
You're applying the wrong mindset to this. You're assuming people will test drive Teslas the way they test drive other cars. Tesla is obviously making a big bet that they can change this process without materially affecting sales. They may be wrong on this, but they'll have some data to support their approach, I'm sure. This is not about test driving a Tesla; this is about a no-quibble guarantee for people who have purchased a Tesla. The intention is to provide peace of mind on a sight unseen sale. The aim is to have most sales being like buying tech online -- simple, with a configurator, no price negotiations to add stress, and the product arriving on your doorstep a few days later.
"SR: $35K, 220 miles, 130mph, 5.6 seconds, non-PUP"
Joke: It can only go a maximum of 130mph? Too slow. I'm not buying one.
I've never seen a new car delivered with more than a few km on the odometer. They usually arrive on a car transporter with lots of plastic wrapping shortly before delivery.
Touch is way better than buttons and dials. knobs are for losers
--
WindBourne
I think Tesla has just shot itself in the foot by closing all the stores. For most a car is the second biggest purchase besides a house. People want to kick tires so to speak, test drive, actually see it in person. They also want the comfort if they purchase the vehicle that there is a place to get service and repairs. Yeah, big red flag that this is bad sign for Tesla and one wonders how soon before he starts nixing other support.
Tesla could save a lot of money by prohibiting Elon Musk from ever using Twitter. Rip the freaking smartphone from Musk's hands before he does another disastrous tweet.
In most European cars, the odometer is associated with the engine. If you change the engine, you are allowed to change the odometer to the distance run with the new engine.
Possibly we'll see some changes in law as the odometer probably better be replaced with a device showing the power provided by the battery.
The web site indicates you can only do it once.
Yeah, but I'm saying that TruCoat - You don't get it, you get oxidation problems!
How many 4 door vehicles have a "convertible option"?
Can you just order one a week and keep returning the previous one for a free car forever? This seems like a sustainable business model.
Ah yes, the "Steve Jobs lease."
None that I know of! Another strike against the Tesla...
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