Tesla Model 3 Performance Version Due Next Year

Source Alex Shoolman

The new "every man" Model 3 Tesla revealed this week for $35,000 may just be technicality, with even the most basic options pushing the price past $40,000. The California carmaker is believed to have as many as 400,000 advance reservations.

Were Tesla to produce, and sell 500,000 cars per year, the company would likely outsell the BMW, Mercedes, or Lexus brands in the US.

Investors aren't the only ones anxious.

The first non-employee Teslas are expected to be shipped from October 2017. Tesla has come under fire in recent months over allegations of unusually high injury rates at the suburban San Francisco plant.

IBD'S TAKE: Tesla stock is up 51% this year but down 16.5% since hitting a record high of 386.99 on June 23.

That latter figure was achieved largely thanks to new lithium-ion battery cells from Tesla partner Panasonic.

"It's an unbelievable vehicle, but we're going to go through at least six months now of manufacturing hell..."

Tesla has beat analysts' revenue expectations in the past fours quarters. But even at that pace, Tesla will remain a small player. Both the Model S and the Model X SUV were delayed and then plagued with pesky problems, like doors that don't work and blank screens in their high-tech dashboards.

Samsung Galaxy S9 could be the fastest phone at 1.2 Gbps
Of course, if you're in the U.S. , you'll still most likely be getting the Qualcomm versions of Samsung's handsets, but that's OK. While on the Uplink feature it has 2×20 MHz carrier aggregation , 2x 75Mbps LTE streams, 64-QAM, and Upload Speed of 150 Mbps.

The Tesla Model X.at the Paris Motorshow in 2016.

The study found 83 percent of respondents are much more likely to repurchase a Tesla, compared with other cars they've owned; 90 percent agree that EVs provide a better driving experience, and 68 percent say they'll never buy another gas-powered vehicle again.

Tesla faces major hurdles living up to the Model 3 hype. And that's despite the fact that customer service for maintenance and repairs and other issues is a "relative weak spot" for the company. That would be more than double the factory output of the two existing models.

Earlier this month, Musk predicted that within 10 years almost all new cars made in the U.S. will be autonomous, and half of those will be fully electric vehicles.

For the base price, customers will get a Model 3 with 220 miles (322 km) of range. Tesla will initially focus on a configuration starting at $44,000.

Barclays analyst Brian Johnson has an underweight rating on Tesla and price target of 165. In fact, most manufacturers promote stripped-down versions of their products that are likely to account for less than 10 percent of total volume. Fourteen-year-old Tesla has never made more than 100,000 cars in a year.

The pricing for the Model 3 will vary over its base, depending on the features one adds.

Kelty was one of Tesla's top battery scientists. There has been growing friction along the assembly line itself. Once an automaker sells 200,000 electric cars in the US, the credit phases out. This is the first time many Tesla workers will be able to afford a Tesla.

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