Re:Tesla Model 3 deliveries beat Wall Street targets, shares...
by zaroth on Wednesday July 03, 2019 @09:50AM
(#20344236)
Of course they delivered more cars! Probably because TM3 is light years ahead of anything else on the market, EV or otherwise.
One thing I love about Tesla is their plan was always all about the Model 3 (and eventually Y). They didn’t relegate their best technology into S/X and hobble the 3. They put everything they had into TM3 to make it the pinnacle of what they could accomplish and as forward thinking as possible. It’s an absolute generational leap which I think will sell very strongly for a decade. All the while they will continue to work on cost efficiency, margins, and scale, while delivering a constant stream of software and hardware updates to the growing fleet.
The next big refresh of S/X will drive them forward with their newest battery tech, powered by their Maxwell acquisition, and motor, suspension, and most notably I would assume materials improvements which will re-differentiate S/X from the 3 and pull more buyers up to that level.
But TM3P is just so incredibly compelling I’m not at all surprised a Tesla buyers at the $60k+ price point would go with that over the S.
I think we will see in Q3/Q4 that Tesla does not need a $60k ASP in order to be profitable. Part of that of course will be buoyed by credits and rebates which is an important part of their overall strategy. Legacy carmakers will pay Tesla billions to cover their ICE pollution cost.
One thing I love about Tesla is their plan was always all about the Model 3 (and eventually Y). They didn’t relegate their best technology into S/X and hobble the 3. They put everything they had into TM3 to make it the pinnacle of what they could accomplish and as forward thinking as possible. It’s an absolute generational leap which I think will sell very strongly for a decade. All the while they will continue to work on cost efficiency, margins, and scale, while delivering a constant stream of software and hardware updates to the growing fleet.
The next big refresh of S/X will drive them forward with their newest battery tech, powered by their Maxwell acquisition, and motor, suspension, and most notably I would assume materials improvements which will re-differentiate S/X from the 3 and pull more buyers up to that level.
But TM3P is just so incredibly compelling I’m not at all surprised a Tesla buyers at the $60k+ price point would go with that over the S.
I think we will see in Q3/Q4 that Tesla does not need a $60k ASP in order to be profitable. Part of that of course will be buoyed by credits and rebates which is an important part of their overall strategy. Legacy carmakers will pay Tesla billions to cover their ICE pollution cost.