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2017 Tesla Model 3 Standard

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Last Updated: 02 July 2021

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General | Latest Info

Thirty of earliest Tesla Model 3 buyers took delivery of their electric cars last night in a gala event for owners, investors, and friends company had dubbed Handover Party. The highly anticipated Model 3, vehicle Tesla hopes will boost its production to hundreds of thousands of electric cars a year, will initially come in two versions. The first cars delivered were the Long Range Version, with a projected EPA range rating of 310 miles. Production of Standard versions with a 220 - mile estimated range will be added this Fall. Don't MISS: 2017 Tesla Model 3 in pilot production: Musk tweets photos of the first car oddly, while Tesla provides performance figures, it declines to specify battery capacity for either version. Base Model 3 cars will have a 0 - to - 60 - mph acceleration time of 5. 6 seconds, company say, and a top speed of 130 mph. The Long Range Version hit 60 mph in 5. 1 second and Top OUT at 140 mph. Early deliveries of Model 3 will come with single motor powering rear wheels; all - wheel drive will be added as an option next year, and p performance Model may be on cards as well. The Tesla Model 3 electric car is slightly larger in all dimensions than the current generation of BMW 3 - Series Sport sedan that is likely its closest competitor. Tesla's 185 - inch length is roughly 2. 5 inches longer; its 73 - inch width is 1. 5 inches wider; 57 - inch height is all but identical; and it has 3 inches more wheelbase, at 113 inches. The interior is extremely simple, with a single 15 - inch touchscreen sitting proud of the dash that includes virtually all of the car's operating controls aside from pedals and a couple of buttons on the steering wheel. Read THIS: Tesla Supercharger electric - car charging sites in CA surge Standard equipment on every Model 3 includes lead headlights, Internet connectivity, navigation system, and such electronic safety systems as collision avoidance and Automatic emergency braking. The price of the base version starts at $35 000, as promise, with the longer - range Battery adding $9 000. Tesla Model 3 with every option listed today will run $59 500, plus unspecified cost of all - wheel drive. Any color except black will cost $1 000 more; upgrading from Standard 18 - inch Aero to 19 - inch Sport wheels and tires add $1 500. The enhanced Autopilot suite of active - safety systems, adding lane - changing and Self - parking, is $5 000, and future Self - Driving capabilities will be offered for $3 000 when ready. The $5 000 Premium Upgrades Package adds 12 - way heat and power adjustable front seats, panoramic glass roof, upgraded audio system, power adjustable steering and heat folding side mirrors, center console, wood trim and upgraded materials, and two rear USB ports. Charging rates differ between the two battery options: standard pack can add 30 miles of range per hour on a 32 - amp 240 - volt outlet, and will add 130 miles during 30 minutes of Supercharging, while the Long Range Version adds 37 miles at 40 amps and 170 miles per half - hour of Supercharging.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Broken Promises

I am optimistic about being profitable in Q1 and for all quarters going forward. Just a few months ago, Elon Musk made bold prediction that Tesla would be profitable in all quarters going forward. Instead, Tesla has a record $689 million operating loss through the first half of 2019. Musk now says he feels pretty confident about breaking even in Q3 and returning to profitability in Q4. Give his track record of missed predictions - see constant revisions to Model 3 Production targets - Investors should place no stock in this claim. More alarming than Elons ' failed promises is the fact that Teslas Q2 results show the company has dramatically scaled back its investments in New Production capacity, Self - Driving research, and other technological innovation. This decrease in investment helps produce positive cash flow in the short - term, but it further decreases chances of a company justifying its valuation over the long - term. Tesla Is Back in the Danger Zone. One of the primary bullcases for Tesla revolves around the potential for economies of scale. As a company increases its production, bull argue, it will become more efficient and produce cars at lower price, thereby increasing its margins. Instead, as Figure 1 shows, opposite has happen. Teslas Gross margins have steadily decline, from 28% in 2014 to just 18% over trailing twelve months. Part of this decline can be attributed to the shift from higher - price Model S and Model X to Model 3. However, it is not as if the Model 3 is a cheap car. According to the company's Q2 investor letter, average selling price for Model 3 is ~$50 000. For comparison, average selling price for General Motors in North America last year was ~$38 000. Even with the lower average selling price, it managed to earn the same gross margin of 18%. Tesla's margins have fallen to the level of its mass - market competitors despite the fact that it still sells high - end vehicles. In an attempt to distract investors from its disappointing margins, Tesla instead focused on its free cash flow in the latest quarter. The top bullet points of its investor letter highlight the company's $5 billion in cash on hand and $614 million in operating cash flow Minus Capex in Q2. However, this cash flow is the result of short - term gimmicks that will put the company in a worse position over the long - term. Tesla ran down its inventory by ~$500 million last quarter, increased its deferred revenue by ~$150 million, and further diluted shareholders by spending ~$210 million on employee stock compensation. These factors produce the illusion of operating cash flow despite companies ' lack of real cash flows. At the same time, Tesla dramatically reduced its capital expenditure, from $610 million in 2Q18 to just $250 million in 2Q19, 59% decrease year over year. Teslas Capex last quarter represented less than half of its Depreciation, Amortization, and Impairment of $579 million. As Figure 2 shows, Teslas net investment over the TTM period has fallen to - $680 million.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Not So Silent Partner

Thirty - six shoebox - size battery modules, each containing a dozen lithium - ion cells, are packed into seven - foot long Electric - battery packs and slung under the floor of each sport utility vehicle produced here. The first electric SUV from Volkswagenas luxury Audi brand, e - tron, can go 400 kilometers on a single battery cycle and be recharge in as little as half hour. The styling is conventional, interior is luxurious and the ride is nearly silent. The E - tron SUV has one job for Volkswagen: prove that a carmaker that has relied almost exclusively on internal combustion engines since it was founded 82 years ago can produce electric vehicles people want to buy and policymakers will embrace as they cast around for ways to tackle the climate crisis. Success means that Volkswagen will overtake rivals, including Tesla, in electric car sales and fend off new challengers from China and Silicon Valley; failure could signal the beginning of the end for a company with 665 000 employees and annual revenue of $265 billion. Volkswagen isnat alone. Establish carmakers around the world are ripping up their business models in hope of adapting to a new world in which electricity replaces gasoline and diesel. Factories are being overhauled to produce electric cars, and automakers are snapping up every battery they can find. The high cost of developing electric cars is forcing some companies to find partners and turning others into acquisition targets. The need to meet strict emissions standards in China and Europe means that executives are paying far more attention to policies being put in place in Beijing or Brussels, than what rivals are building in Detroit or Wolfsburg, Volkswagenas hometown. The German group, which also owns Porsche, Bugatti, Skoda, Lamborghini and SEAT, is rising to challenge with radical transformation that has unparalleled since World War II. The company is spending billions over the next five years to make electric or hybrid version of every vehicle in its lineup, and it plans to launch 70 new electric models by 2028. By the end of 2030, it wants four of every 10 cars it sells to be electric, mass market play that hinges on success of new line of vehicles called aID. The overhaul has profound implications for the worldas largest carmaker as it tries to turn the page on its costly diesel emissions scandal. Volkswagen is spending billions of dollars to retrofit factories from Germany to China to produce cars based on its modular Electric Car production platform, or MEB. The company has also signalled that it will use some of the money it makes from selling fuel - powered cars to produce its own batteries and build charging networks. History isnat best indicator of who will emerge from this battle victorious. The industry has a poor track record with electric cars. General Motorsa EV1 appeared on American roads in 1996, same year the auto industry successfully lobbied against a mandate from the California Air Resources Board to make more electric vehicles.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Specifications

Range: 310 miles Supercharging rate: 170 miles of Range per 30 minutes Home charging rate: 37 miles of Range per hour 0 - 60 mph: 5. 1 second Top speed: 140 mph Deliveries begin: July 2017 solid Black: Standard Midnight Silver Metallic: $1 000 Deep Blue Metallic: $1 000 Silver Metallic: $1 000 Pearl White Multi - Coat: $1 000 Red Multi - Coat: $1 000 18 Aero: Standard 19 Sport: $1 500 Premium heat Seating and cabin materials throughout, including open pore wood decor and two rear USBs 12 - way, power adjustable front seats, steering column and side mirrors, with custom driver profile Premium audio system with more power, tweeters, surround speakers and subwoofer Tinted glass roof with ultraviolet and infrared protection Auto dimming, power folding, heat side mirrors lead fog lamps Center console with covered storage and docking for two smartphones Model 3 will match speed to traffic conditions, keep within lane, automatically change lanes, transition from one freeway to another, exit freeway and self - park at your destination. Additional features will roll out over time through software updates. In future, Model 3 will be capable of conducting trips with no action required by the person in the driver's seat. This feature is dependent upon extensive software validation and regulatory approval, which may vary by jurisdiction.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

STANDARD EQUIPMENT

The Model 3, like the Model S, is a rear - wheel - drive car in its base form, with a rear - mount motor. All - wheel - drive versions add a front motor as well as other upgrades, including Ludicrous Mode performance. These are expected to become available sometime in the second half of 2018. Tesla has not yet specified capacities in kilowatt - hours of two available battery packs, and Model 3 moves to nomenclature that isnt center on amount of energy storage. For now, there will be two versions: standard and Long Range. The standard version has an EPA - estimated driving range of 220 miles and will accelerate to 60 mph in 5. 6 seconds, according to Tesla, while the Long Range version goes 310 miles on charge and is claimed to make 60 - mph dash in 5. 1 seconds. The top speed is listed as 130 mph for the standard Model 3 and 140 mph for the Long Range Model. Model 3 does use the same battery technology as Model S. It uses cells with new chemistry and format produced by supplier Panasonic. These cells are assembled into battery packs at Teslas Gigafactory in Sparks, Nevada.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Why Use CarGurus?

The Tesla Model 3 may be the most important car of our era. It is the first mass - market vehicle from a cutting - edge electric vehicle manufacturer, and it is simply like nothing else on the market. With the Model 3, Tesla shares completely new ideas about how occupants should interface with car. Dimensionally, Model 3 is much smaller than Teslas other wares. It is midsize in terms of space, but it has compact overall dimensions thanks to short overhangs and electric powertrain that takes up little passenger or cargo room. Cars exterior say a lot with very little. It bucks the trend of faux main grilles on EVs by not having one at all. Instead, there are subtle lips that also help with aerodynamics. Large lead headlights sit in front of fender bulges, and hood - line is deftly cut around them. Across the sides, design resembles Model S with similar sleek roof, chromework, and distinct window kink just behind the rear doors. Model 3 does get different door handles in the form of flush puck - shape rods that pivot outward to give users something to grasp. At back, things are similarly clean with LED taillights and prominent spoiler. Like other models, charging port is concealed on the side of the left taillight. Unlike Model S and Model X, Model 3 has a traditional trunk instead of a rear hatch. The front trunk is retained as a second storage option. Overall, look is refreshing and modern. If Apple were to design an automobile, this would be it. Minimalist philosophy is displayed in the Model 3s interior where Tesla has removed everything that is strictly necessary. The dashboard is made up of a simple horizontal panel with full - width vent and no other visible features. Only dashboard protrusions are steering column and free - standing 15 - inch touchscreen. The center console is made up of two cubbies, two cup - holders, and an armrest. There is room for three backseat passengers, and it is an airy place in which to be thanks to the rear windshield that stretches nearly to the middle of the roof. With an optional glass roof, occupants are treated to a panoramic view of open sky. And, maximizing practicality, rear seat splits and folds down to increase cargo space. Almost all of Model 3s features require using voice controls or a giant 15 - inch touchscreen that hovers over the dashboard. This includes everything from reading current speed and adjusting dashboard vent, to turning headlights on and off and climate controls. But, Model 3s various control panels are all on touchscreen at once. Theyre modal, so they pop up when selected or when specific physical action takes place. For example, short press at tip of left steering - column stalk do single wipe of windshield and pull up panel on touchscreen where driver can activate rest of windshield wipers functions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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