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Tesla, Inc. (TSLA) Model 3 13 Facts You Need To Make Up Your Mind

Tesla Model 3 TSLA Autopilot NASDAQ:TSLA
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Tesla, Inc. (NASDAQ: TSLA) has shown the goods, but are you willing to buy the Model 3? The firm’s first mid range EV is a big deal on the internet, but that’s obviously not enough to make up your mind. You need facts and data to decide whether to buy a Tesla Model 3.

Luckily you’ve come to the right place. Here are the 13 key facts you need to make up your mind on the Tesla Model 3.

1 Tesla Model 3 Range

The Standard Tesla Model 3 will be able to do about 220 miles. Its Long Range sibling can go more than 300 miles on a single charge. That’s much more distance than a normal driver ever does in a day, and you won’t ever have to go back to the gas station.

Tesla Motors Inc (TSLA) Model 3

2 Pricing

The absolute minimum you’ll be able to pay for the car is $35,000. What you’ll get for that price, however, is pretty bare bones. In order to add on Autopilot and self-driving you’ll need to pay $8,000. To get a premium features package, you’ll pay $5,000. In order to get the long range car, the base price shifts to $44,000.

3 Self driving

The Autopilot system will be one of the options available in the Tesla Model 3. As described above, you’re going to have to pay extra to get your hands on it. For the time being a Tesla simply isn’t able to drive itself. Tesla is selling this package as “full self-driving” however, meaning that it expects the tech to work before the end of the car’s life.

4 Superchargers

This should have a huge impact on your decision. The Tesla, Inc. (NASDAQ: TSLA) Supercharger network is one of the most important parts of the firm’s sales model. If you don’t live near the network, it’s going to take a lot more time to charge your car. You can see where the chargers are worldwide on the Tesla map here.

5 Safety

The Tesla Model 3 hasn’t been through public safety tests just yet. Despite that, however, it’s likely that it’s going to be one of the safest cars on the road. That’s because of the almost divine results from the other Tesla safety tests. The Model S is one of the safest cars on the road, and Elon Musk has promised great things from the Model X as well.

6 As long as it’s black…

How much would you be willing to pay to choose the color of your car? With the Tesla Model 3 the company is making that a key experiment. The black paint is default with the car. If you want to change it, you’ll have to fork over an additional $1,000. There are only a handful of other colors available right now. Tesla may offer more, however, when production picks up.

7 Speed

The top speed of the Model 3 is between 130 and 140 miles per hour. The difference depends on the exact model you go for. The Model 3 won’t feature the famed Tesla, Inc. (NASDAQ: TSLA) Ludicrous acceleration, however. It’s still going to be pretty fast though, getting up to 60 miles per hour in about 5.6 seconds.

8 Tesla Model 3 Display

The big difference for drivers inside the car is the lack of dials and knobs. The Tesla Model 3 only features a single touch screen. That’s where you’re going to get all of your information, and change anything you want to in the car.

Model 3 design interior

If you want to see what the controls are like, you can give it a try in this mock up of the car’s software. Keep in mind that this is fan-made, so we don’t know if this is what the eventual software system will look like.

9 Space

The Tesla Model 3 isn’t going to be as large as some cars out there, but it will comfortably fit 5 adults. That’s at least what the firm says. Storage, however, is where this car will really shine. It’s going to have a trunk in the front as well as the back. That means a much easier time on those trips to the airport.

10 Tesla Model 3 can drive on Mars(Well kind of)

You won’t have much chance to take the Tesla Model 3 off the earth, but you can pretend for a moment with an Easter egg embedded in the car’s software. Take a look at the video.

The above video, uploaded by Tesla investor and early adopter Steve Jurvetson, shows the ability to change the in car navigation system to make it look like you’re driving on Mars. That’s one of Elon Musk’s dreams, and he’s actively working on getting there with his Space X company.

11 How do I get one?

If you want to buy Tesla Model 3, all you have to do is go to the firm’s website. There’s a reservation fee of $1,000 to put down and you’re in the queue. Once your car is headed for production you’ll be able to pick what exact options you want it to have, how you’re financing it, and how you plan to take delivery.

After that it’s just a matter of waiting. Unfortunately, that’s one of the most worrying parts of the car’s story.

12 When will the Tesla Model 3 arrive?

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk reckons that his firm will build 500,000 cars next year. That means if you put your name down for a car today, it’s not crazy to think that you could be driving it next Christmas.

Tesla Inc Model S delivery date graph
The Tesla Inc production schedule for the Model 3

That timeline should be taken with a grain of salt, however. We know that the company has had a lot of past trouble with manufacturing processes. If anything goes wrong, the entire production could be pushed back for months.

Don’t bet on the Tesla Model 3 being your ride to work next year. If you want to buy the car, you’ll need to price in a lot of shipment delay risks.

13 What about the Model S?

If you’re on a high income and in love with the Tesla Model 3, the Model S could be an even better buy. The car is the premium EV sedan from Tesla. It’s bigger and better than that car for the most part. If you can afford it, Tesla, Inc. (NASDAQ: TSLA) wants you to buy the more expensive car, and there’s a a good chance you’ll prefer it as well.

The main advantage of the Model S, of course, is that you’re not going to have to wait to get your hands on it. If you buy one today, you can expect it to be shipped very soon indeed. For most car buyers, that could be enough t push them over the edge.

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Aaron McLeish

2 Comments

  1. “What you’ll get for that price, however, is pretty bare bones” Is this really true? The Model 3 comes with many features base that you have to pay extra for in competitors. Why aren’t journalists writing about that instead of claiming that the base version is “bare bones” when in fact it is not? Well, for one those full LED headlights ($800 BMW). Then we can move onto the 15″ touchscreen that outclasses everything non-Tesla (base models have tiny screens), Wi-Fi and LTE connectivity ($500 BMW), onboard maps and navigation ($1900 BMW), rear view camera, parking distance sensors, and automatic emergency braking ($950 BMW), vehicle climate control and monitoring with phone app, dual-zone climate control, keyless entry, FM/internet streaming radio, 2 USB ports + 12V socket, voice controlled everything (included in $2750 Tech Package; BMW), “laser-precise” handling without having to buy any performance packages or suspension upgrades ($2300 BMW), and large cup holders front and back plus bottle holders and pockets in the doors (not available in most European vehicles). So to tally up how much extra you have to spend at the BMW dealership to get what a Model 3 comes standard with, that would be a whopping $7300. Added to a base 330i, your total would be $46,050 and the 330i would only be comparable to a $35K base Model 3. For that, you could just upgrade the Model 3 to the LR model ($44K) and get the 310 miles of range with even better performance, plus add colored paint ($700 extra for BMW; $1K for Tesla) and the nice rims ($1500).
  2. Superchargers near home won’t have a huge impact on most people’s decisions. One of the biggest benefits of EV ownership is the ability to pull into the garage, take a few seconds to plug in, and start each day with a complete charge. There’s no more waking up on some days to 1/8 tank with a need to go get gasoline or risk getting stuck, and possibly being late to work while pumping gas. If you have the right kind of outlet, it would be hard not to be able to complete a charge while you are asleep, but even a standard 20 amp wall outlet will add far more miles between the time a person gets home from work and the next morning than a typical person drives in a day. It’s on road trips when you will start the trip with up to 310 miles of range where you’d likely stop for a meal while supercharging if you still have hundreds of miles to go. The supercharger won’t be near your home, but by the time you get back on the road, you’ll have the charge you need, and you won’t have to stop longer than you would have stopped anyway for a meal. Most people don’t drive more than 500 miles in a day without stopping for the night, and a single stop for charging and eating should take care of that.

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