It’s discontinuing a low-end Model S with its 60-kilowatt-hour battery pack on April 17, making the 75-kilowatt-hour Model S its cheapest car at $74,500 before tax credits or state rebates until the Model 3 arrives.
Tesla said it delivered about 13,450 Model S sedans and 11,550 Model X sport utility vehicles, while actual production in the first three months was 25,418.
Strong delivery of the Model X indicates Tesla has overcome many of its production issues and reduces doubt about the company’s long-term outlook, according to Baird’s Kallo.
Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts’ estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July.
The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year’s first three months, Palo Alto, California-based Tesla said in a statement Sunday.
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Tesla Model S P100D 2017 review
Tesla is basically a technology company – well, a battery company – that makes cars, so the features and options reflect that.
The Model S can be had for as little as $118,652 for the 60 offering 400km range, rear-wheel drive, and 5.8s 0-100km/h (but move quickly, Tesla has just axed this model), or as much as this P100D which starts at $250,582.
That’s very cool and Tesla is probably the only car company in the world that will let you do it.
We would love to tell you how all that worked, but being Tesla ‘Hardware 2’, it’s not ready yet.
Thankfully, the silly self-opening front doors in the Model X’s pack aren’t in this little lot.
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A Used Tesla Model 3 Price Won’t Follow Tradition
If you really want a Tesla Model 3, but remain skeptical or the $35,000 base price, you’re probably waiting for used models to hit the market.
Jonas’ team is running scenarios where used car values over the next five years are off by as much as 50 percent.
Adam Jonas, lead auto analyst with Morgan Stanley, said in a CNBC interview Monday that he thinks the Model 3 used car price won’t play by current rules, which in turn will affect new car pricing.
Jonas said that Tesla may look like a car company today, but in the future, it will merge into offering transportation as a service.
This, coupled with the fact that Tesla has less of a used car market to worry about than other automakers, means the company faces different pressures when it comes to choosing the Model 3’s price.
collected by Emily Jack
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