The Model 3 is less expensive than the Tesla Model S. However, the average cost of a vehicle is currently at $28,500 last January, as reported by Kelly Blue Book. Tesla Model 3 prices are expected to reach around $45,000 which is almost twice the price of how much car buyers can actually afford.
Is Elon Musk's price cut claim even accurate? The price still hasn't gotten below $35,000 which everyone still expects it to be at.
Musk's cheaper EV's price tag is already at the entry-level rate for a luxury sedan. Sad to say it is not even within the masses reach. Hence, the alleged price cut announced by the tech company's top man sparks debate on whether the price has actually dropped or not.
Everyone wants to buy, the reality is that only a few can actually afford it. Who would refuse lifetime savings on gas and clean energy? Even G8 leaders have pledged to decrease carbon emissions in the next 30 years. Clean energy is not just a mere trend anymore.
Fuel-cost efficiency is not just a mere bandwagon. The shift for cleaner EVs can be quickly felt in the pockets. Giving false hopes will rub everyone the wrong way. This announcement should be accurate, otherwise, the intent to draw (positive) attention towards their product may become a backlash.
Musk's announcement included a link which leads to what he claims "..a super simpler new order page." The electric car manufacturing firm claims up to $4,300 on gas savings which is closely accurate to how much car owners would typically spend in a year. It highlights a full $7,500 Federal Tax Credit which isn't really new.
The savings were highlighted as sort of a 'click-bait' to entice wannabe Tesla Model 3 owners. Noticeably, the company seems to leave out information about the battery's availability. According to Mashable, " the standard battery isn't available for another four to six months." This will then make buyers go for the mid-range battery which costs $45,000 and the Federal Tax credit would hardly be felt at all.
The estimated price of the Tesla Model 3 after savings would then drop to $33,200.
That price range is actually old news. Electric vehicle enthusiasts have seen the price increase of Musk's most anticipated budget-friendly EV. It was ideally projected not to go above $35,000.
This poses a question - are prospect buyers surprised or even interested about Musk's recent tweet?
