rtmark
LearnBonds.com

Tesla Motors (TSLA) Model 3 Sticker Shock: $75,000 – $100,000?

Tesla Motors Inc. (TSLA) Model S

Tesla Motors Inc has hyped its much-awaited all-electric Model 3, but there is doubt emerging over the price of the car claimed to be around $35,000. The firm launched the prototype more than a year ago, and stated that the entry price would be around $35,000. Range of the car is said to be around 215 miles.

Tesla Model 3 price could double

Already 400,000 buyers have made a down payment of $1,000 to reserve the Model 3. The Palo Alto-based firm, however, stated that the first car would be rolled out somewhere around the end of this year. Tesla has not yet released the price for different variations of the Model 3, and therefore, it is expected that small changes in the car can easily increase the price or may be even double it, notes hybridcars.

Shots of Jameson – a YouTuber and a Tesla fan – conducted analysis comparing the Model 3 and the Model S. If the same premium features (as in the current Model S) are added, then price of the Model 3 will increase well over $75,000, as per ‘Shots of Jameson.’ The one with all the features could cost somewhere above $100,000, as per Shots of Jameson.

However, a more conservative approach by him puts the price at somewhere around $75,000. Tesla Motors Inc buyers are used to paying a little more than what the initial price is. For instance, they paid a tad above the base price of $68,000 for the Model S, notes hybridcars.

What could increase the cost?

As per Shots of Jameson, the Model 3 owner will also not have any issues when it comes to paying a little over the said price for the performance and features. If the buyers go for the premium interior features, glass roof, larger battery, dual motors, premium sound, and autopilot and so on, the price of the Model 3 may go up to $75,000 or more.

Tesla Motors Inc (TSLA) Tesla Model 3

‘Shots of Jameson’ also estimated how the battery cost will contribute to the price. He stated that the base model could be fitted with 55kWh, and the owner will have to pay extra $4875 to have 70 kWh batteries. Price will increase by another $4,875 for 90-to-100 kWh battery option as per the video presentation. Those who do not want to pay more must keep their add-ons limited.

Subsidies may disappear too

The expectations are that Tesla could soon surpass 200,000 units limit allowed by the federal government for the $7500 tax credit that also applies to its other models. It is expected that the tax credit will be phased out, and will completely disappear by the time Model 3 is in full production volume. Further raising the cost of the car. However, there will be state rebates and other incentives.

Consumers ready to pay a higher price for the Model 3 will get faster delivery of their cars compared to those who choose to stick with the $35,000 price. Tesla Motors Inc has already said that it will bring cars with the highest profit value first.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.