Tesla Model 3
Lead Lap
Joined: Sep 2005
Posts: 3,593
Likes: 5
From: CA
No, of course not but its not like people are pre-paying for cars so cash is going to be needed up front to build cars before they see sales revenue. Tesla isn't exactly plush with cash reserves - I've heard/read that all the pre-order money is about 2 months of cash burn for them. If they keep missing delivery estimates on current Model X orders you'd have to believe additional financing - if needed - will be harder to come by in both the debt and equity markets.
Thread Starter
Joined: Oct 2008
Posts: 42,474
Likes: 320
From: California
No, of course not but its not like people are pre-paying for cars so cash is going to be needed up front to build cars before they see sales revenue. Tesla isn't exactly plush with cash reserves - I've heard/read that all the pre-order money is about 2 months of cash burn for them. If they keep missing delivery estimates on current Model X orders you'd have to believe additional financing - if needed - will be harder to come by in both the debt and equity markets.
Lexus Fanatic
Joined: Jan 2005
Posts: 20,211
Likes: 260
A current issue with the Model X deliveries is a "severe" parts shortage. According to an official release, Tesla is blaming its own "hubris in adding far too much new technology to the Model X" and its inability to alleviate certain parts shortages by manufacturing them in-house.
Lexus Fanatic
Joined: Oct 2003
Posts: 94,223
Likes: 221
From: Virginia/D.C. suburbs
No offense, but are you old enough to remember the GM X-Body FWD compacts of 1980-1985? (I myself owned a Chevy Citation). Demand for the Citation, in its first year, was so strong that Chevy alone (not including the three other versions from Buick/Olds/Pontiac) that Chevy sold more than 800,000 of them....yes, in one year alone. It surpassed even the insanely popular Ford Mustang of the mid-60s.
CL Community Team
Joined: Aug 2006
Posts: 12,481
Likes: 198
From: San Francisco, CA
No offense, but are you old enough to remember the GM X-Body FWD compacts of 1980-1985? (I myself owned a Chevy Citation). Demand for the Citation, in its first year, was so strong that Chevy alone (not including the three other versions from Buick/Olds/Pontiac) that Chevy sold more than 800,000 of them....yes, in one year alone. It surpassed even the insanely popular Ford Mustang of the mid-60s.
Lexus Fanatic
Joined: Sep 2010
Posts: 25,917
Likes: 4,274
From: Alberta
Thanks, yes this exactly.
Lead Lap
Joined: Dec 2013
Posts: 782
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From: TX
Musk Confirms Tesla Model 3 Sold Out For First Year Of Production
Elon Musk has taken to Twitter to reveal that the first 12 months of Tesla Model 3 production is sold out.
The company's co-founder revealed the news in response to an article fromFortune Magazine stating that new Model 3 reservations won't arrive until mid-2018 at the earliest.
While an exact date for when production will commence has yet to be announced, Tesla's website says that production will begin in mid-2017 and that the first examples will reach customer hands in the second half of next year.
Back in May, Tesla confirmed that it had received 373,000 reservations for its upcoming entry-level model but no new figure has been announced since. In all likelihood, reservations now exceed the 400,000 mark.
When it hits the market, the Model 3 will be priced from $35,000 before any incentives are applied but could drop as low as $27,500 for customers who receive the full $7,500 tax credit. While the car has yet to be revealed in production-guise, Tesla announced at its unveiling that the model will have a range of at least 215 miles (346 km).
The company's co-founder revealed the news in response to an article fromFortune Magazine stating that new Model 3 reservations won't arrive until mid-2018 at the earliest.
While an exact date for when production will commence has yet to be announced, Tesla's website says that production will begin in mid-2017 and that the first examples will reach customer hands in the second half of next year.
Back in May, Tesla confirmed that it had received 373,000 reservations for its upcoming entry-level model but no new figure has been announced since. In all likelihood, reservations now exceed the 400,000 mark.
When it hits the market, the Model 3 will be priced from $35,000 before any incentives are applied but could drop as low as $27,500 for customers who receive the full $7,500 tax credit. While the car has yet to be revealed in production-guise, Tesla announced at its unveiling that the model will have a range of at least 215 miles (346 km).
Thread Starter
Joined: Oct 2008
Posts: 42,474
Likes: 320
From: California
I'm pretty mad at myself for not getting a picture in time. I work in Fremont near where the Tesla factory is. Tonight I saw a white Model 3 at an intersection as it was going straight opposite way and me taking a left. Car looked good, headlights had a big LED strip on the top portion, and several smaller LED's in sequence underneath like eyes. Nothing was covered so who knows how close to production it was. I'll be sure to have my camera ready next time.
Advanced
Joined: Aug 2013
Posts: 606
Likes: 23
From: CA
I'm pretty mad at myself for not getting a picture in time. I work in Fremont near where the Tesla factory is. Tonight I saw a white Model 3 at an intersection as it was going straight opposite way and me taking a left. Car looked good, headlights had a big LED strip on the top portion, and several smaller LED's in sequence underneath like eyes. Nothing was covered so who knows how close to production it was. I'll be sure to have my camera ready next time.
Lexus Champion
Joined: Jul 2013
Posts: 2,300
Likes: 4
From: RightHere
The first Model 3's are set to roll off the Tesla production line this Friday. And then in late July the first 30 customers get to take possession of their cars in celebration party. But they are having production glitches with battery pack production issues and of course, Tesla is losing money but it is a start.
It's a $35K car with the credit it comes to $27K. 235 mile range and nice styling, but now the question will be how Tesla will deal with entering a market where Lexus and other car makers have a lot more experience with quality control and automated manufacturing.
https://www.nytimes.com/2017/07/03/b...k.html?mcubz=2
It's a $35K car with the credit it comes to $27K. 235 mile range and nice styling, but now the question will be how Tesla will deal with entering a market where Lexus and other car makers have a lot more experience with quality control and automated manufacturing.
https://www.nytimes.com/2017/07/03/b...k.html?mcubz=2
To prepare for the addition of the Model 3 to its lineup, Tesla built a huge, $5 billion factory in Nevada to produce batteries for its electric cars. Tesla has also bolstered its coffers. This year, it raised $1 billion through offerings of stock and debt. A Chinese internet giant, Tencent Holdings, acquired a 5 percent stake in the company.The company needs the extra capital because it continues to post losses in most quarters. In the first quarter of this year, Tesla lost $397 million, compared with a loss of $282 million in the period a year earlier, but its revenue more than doubled, to $2.7 billion.Even with the swoon in shares Monday, investor optimism about the Model 3 has pushed Tesla shares up about 65 percent this year. The company has a market value of $58 billion, about $4 billion more than G.M. and $12 billion more than Ford Motor.
Lexus Champion
Joined: Sep 2012
Posts: 3,438
Likes: 88
From: SoFlo
Musk is REALLY trying to usher in the age of fully autonomous driving. It is insane how many controls are handled on the screen. Too many if you ask me.
https://www.autoblog.com/2017/09/27/...oth-streaming/
https://www.autoblog.com/2017/09/27/...oth-streaming/
Thread Starter
Joined: Oct 2008
Posts: 42,474
Likes: 320
From: California
Tesla Model 3 currently has no FM radio and no bluetooth streaming!!!
Just wow, I would be livid if I purchased a Model 3 and there was no BTA streaming capability from the get go. What are the odds Tesla stores told their guests it wouldn't be available initially.
Source
One item sure to generate controversy is the complete lack of a radio. At present, the Tesla Model 3 has no FM radio (AM is completely unsupported), and no streaming of music through a phone or any other electronic device. The only way to play music in the Model 3, at least for now, is to use a third-party streaming service over the car's 4G internet connection. In the end, this won't be too big of an issue, as an over-the-air update is planned that will enable FM radio and bluetooth streaming, and it's thought to be coming very soon.
Lexus Fanatic
Joined: Sep 2010
Posts: 25,917
Likes: 4,274
From: Alberta
In the end, this won't be too big of an issue, as an over-the-air update is planned that will enable FM radio and bluetooth streaming, and it's thought to be coming very soon.
Lexus Champion
Joined: Feb 2011
Posts: 3,309
Likes: 31
From: Canada
Musk is REALLY trying to usher in the age of fully autonomous driving. It is insane how many controls are handled on the screen. Too many if you ask me.
https://www.autoblog.com/2017/09/27/...oth-streaming/
https://www.youtube.com/watch?v=Jl7A-9dGSb0
https://www.autoblog.com/2017/09/27/...oth-streaming/
https://www.youtube.com/watch?v=Jl7A-9dGSb0
It's also interesting to see just how many critical functions the touchscreen is used to control. For instance, there are no manual air vent controls. Instead, a sub-menu has to be entered to change the direction and speed or air flow. The windshield wiper controls, too, can only be adjusted through the touchscreen. Everything from the climate controls to the audio volume is adjusted through this one large screen, though there are two buttons on the steering wheel that can be customized as the owner sees fit.