• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 1 hour One Last Warning For The U.S. Shale Patch
  • 8 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 5 hours Chile Tests Floating Solar Farm
  • 3 mins China's Expansion: Italy Leads Europe Into China’s Embrace
  • 15 hours Poll: Will Renewables Save the World?
  • 15 hours New Rebate For EVs in Canada
  • 7 hours Trump Tariffs On China Working
  • 9 hours Trump sells out his base to please Wallstreet and Oil industry
  • 6 hours Biomass, Ethanol No Longer Green
  • 24 hours Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 1 day Oil-sands recovery by solvents has started on a trial basis; first loads now shipped.
  • 9 hours Read: OPEC THREATENED TO KILL US SHALE
  • 13 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 18 hours The Political Debacle: Brexit delayed

Tesla’s “Secret Weapon” Disappears From Website And Fans Are Panicking

Tesla

Tesla has removed all information it had about its Model 3 standard version on its website and some fans of the brand are panicking, Electrek’s Fred Lambert reports.

It was this base Model 3 with a standard battery pack that was supposed to be Tesla’s “secret weapon” on the car market, the affordable luxury electric vehicle that would solidify and boost Tesla’s dominance in its niche market and spread it over into the mainstream car market. However, this might have to wait.

Lambert quotes CEO Elon Musk comments about the base Model 3 made during the company’s Q4 financial results conference call that suggest the base model could be made available to buyers later this year but, as per Musk “it’s a rough, rough guess.”

The problem is the cost, as is so often the case. The affordable Tesla has been promoted with a price tag of just US$35,000, but right now the cheapest version of the Model 3 costs US$42,000 and that’s after a price reduction. Tesla has more work to do on the car to lower the cost to US$35,000 and it said on its website that this would take “4 to 6 months.” Now, this information has been removed from the website, causing some fans of the brand who had pre-ordered a Model 3 to worry.

This is hardly the first time Tesla’s CEO had had fans worried and will hardly be the last. Elon Musk is notorious for setting tight deadlines for this or that milestone in Tesla and then going into delays when the deadlines prove unrealistic. This could the case here as well: bringing the starting price of a base Model 3 down to US$35,000 is certainly a challenge. However, there is a possibility Tesla will not overcome it.

Related: How Trump And Kim Jong Un Could Boost Vietnam's Energy Sector

In his report on the removal of base Model 3 info from the website, Electrek’s Lambert quoted a tweet from Musk from early February that said the base Model 3 will cost US$35,000 after incentives. But the company had initially said it would cost US$35,000 before incentives, again sparking worry.

The crux of the matter is the battery pack. Tesla needs to bring the cost of the Model 3 standard battery pack down further if it is to accomplish its US$35,000 goal. This is apparently proving harder to do than originally expected.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News