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Thread: Tesla Model 3

  1. #1

    Tesla Model 3

    http://www.businessinsider.com/tesla...t-drive-2017-7

    Just building off some of the recent threads on EV's. Here is the new Model 3. A few things that are noteworthy aside from the price. Acceleration is still amazing at under 6 seconds to 60mph. Range impressive at between 200-300 miles depending on driver and climate. Handing and driving manners outstanding by all accounts and I've read several already. All for 1/2 cost of a Model S.

    Once again speaks to the power of the innovation curve.

    Onwards and upwards!

  2. #2
    Quote Originally Posted by Gardener View Post
    http://www.businessinsider.com/tesla...t-drive-2017-7

    Just building off some of the recent threads on EV's. Here is the new Model 3. A few things that are noteworthy aside from the price. Acceleration is still amazing at under 6 seconds to 60mph. Range impressive at between 200-300 miles depending on driver and climate. Handing and driving manners outstanding by all accounts and I've read several already. All for 1/2 cost of a Model S.

    Once again speaks to the power of the innovation curve.

    Onwards and upwards!
    This car is amazing and is a true game changer. Let's see some federal incentives!

  3. #3
    I can't believe they went ahead with that terrible interior. It is literally a steering wheel with an ipad taped next to it.

  4. #4
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    Quote Originally Posted by ParadiseChaser View Post
    I can't believe they went ahead with that terrible interior. It is literally a steering wheel with an ipad taped next to it.
    It's very bare bones for sure.

    I was looking inside the X and was impressed with the whole vehicle's fit and finish.

    $114K before any options.


    ‘No-one is happier to put this birth certificate matter to rest than the Donald and that’s because he can finally get back to focusing on the issues that matter. Like, did we fake the moon landing? What really happened in Roswell? And where are Biggie and Tupac?’

    Barack Obama




  5. #5
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    Quote Originally Posted by yvr_hacker View Post
    They've apparently got 500 000 of them pre-ordered. To give you an idea the top selling gasoline car in North America sells something like 250,000 units per model year.
    But how long will it take Tesla to manufacture and deliver those 500,000 cars? If it takes 2 years, then that is equivalent to 250,000 units per years.

    Tesla's stock price is based largely on the assumption that they will be able to scale their production upward at an exponential rate. The first real sign that this will not be the case will bring the stock price crashing down. Tesla's stock price is based on potential future profits, much so as other tech stock. Look at Amazon; it P/E ratio is almost 200 !!! That's insanely high but people are willing to pay this because Amazon is basically the only game in town in it's area of business and it seems unlikely there will be a real competitor to Amazon any time soon. On the other end of the scale is Apple which has a P/E ratio of 17.5, more than 10 times lower than Amazon !!! Why so low you ask, because investors fear that Apple's main source of income, the iPhone, will become so commoditized in the future that they will lose the majority of the income earning capabilities. Amazon and Tesla are potentially wildly overpriced based on future expectations; Apple is potentially wildly underpriced based on future earning concerns. There is the potential for huge profits if you invest counter to theses expectations (sell TSLA and/or AMZN short or buy future puts on TSLA and/or AMZN; buy APPL stock or buy future calls of APPL) and you are correct.

    JD

  6. #6
    still no good for long distance trips.

  7. #7
    Quote Originally Posted by deathreborn View Post
    still no good for long distance trips.
    For me the range isn't an issue. I can think of two days out of last 365 days where I drove more than 200 miles. Easily gets me to Seattle and if I drive properly, into the Okanagan. Maybe I need to stop in Hope for a 30 minute charge. In any case that range would cover 99% of my daily needs. The other 1%, I'll figure out.

    I know that there are people who are on the road far more than me and maybe this wouldn't be for them. But for the vast majority, 200-300 miles range is way more than you'd use and then you just go home and plug it in at night, just like your phone. Pretty effortless, if you ask me.

    Soon EV's will have 500 miles and will charge in 15 minutes. Should finally put an end to this common gripe.

  8. #8
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    Every single source in business, tech and manufacturing I have says tesla is way over their head. Their assembly line is a joke.

    They're just a battery company with amazing marketing and is the "it boy" currently. I hope this doesn't turn into another Enron thing. For the battery side, they're mostly for ambient power and can't step up to the demand of an oven or power tools readily (still need a diesel generator for emergency power). Until we move away from Lithium Ion there wouldn't be a revolution in energy storage... I have had high hopes of the capacitors charging and arcing over its energy but it's not economical and it damages the battery often.

    At least Apple has some (albeit overinflated) value attached to its name. :/

    I do feel Amazon is very well positions to be the biggest disruptor in tech (if not already).

  9. #9
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    Quote Originally Posted by yvr_hacker View Post
    There isn't much in the way of mechanics in these cars, so the only way to cut back on the price is a smaller battery pack and less electronics. There is something like 19 moving parts in one of these cars.



    In the United States it's not an issue for charging. In Canada there is limitations. There are about 10 Superchargers between Vancouver & Calgary. Southern Ontario has lots of options too. If you want to drive from Calgary to Winnipeg you're out of luck. The vast majority of automobile travel is within a short distance of home.



    Are they? In the case of Tesla it's more of a tech company than it is a car company. The Tesla Power Wall, solar shingles, etc, are obviously inventive devices or are they? This is a company that's about more than cars. They're also doing the research on self driving cars.

    And Amazon? That's the last company I'd bet against. They own the online retailing world, but more importantly they're number 1 in Cloud Computing. The only competitor that comes close to them is Microsoft with Azure/Office 365. Cloud computer *IS* the future. Computing power will become like electricity. And if you want to take a look at a soaring stock checkout out Microsoft. Under the realm of Ballmer, MS nearly went down. In walked Satya Nadella & *KABOOM*. The guy has taken a ship that was focused on the client/server domain system and now focuses on Cloud, VR, etc Growth in Azure, Office 365, etc is unparalleled.

    As for Apple. Apple is floating. It's highly profitable and it develops excellent products. The iPhone is an incredible piece of technology. The minute Apple starts to fade, Tim Cook will be booted out and they'll do what MS did. Bring in a CEO with vision and creativity. Or..they'll become a Blackberry. I don't think Apple is going anywhere for a few years. Their "end" has been predicted since Jobs died.
    YVR - you clearly misunderstood the point I was trying to make - which is that the value of a tech company is based more on future expectations of earnings than on the present earnings. If a stock's value was based only on present earnings, Tesla, Amazon and Apple would all have very similar P/E ratios, which I have already shown is clearly not the case. I am by no means predicting the failure or the success of any of the 3 named companies.

    Having said that, even Elon Musk thinks that Tesla's stock is overpriced:

    http://www.businessinsider.com/tesla...on-musk-2017-5

    JD

  10. #10
    One can wait years for a 3 or get a Chevy Bolt for cheaper and sooner (I believe). Already great reviews on the Bolt; id get one if I had some extra cash and extra space. Majority of my driving is under 100km.

    Besides range, I think the greatest near-term impediment to large scale adoption is changing people's mindset on driving, specifically the planning portion, until technology and infrastructure supports faster charging at more locations. today, it's so easy to jump in your car with a few drops of gas in the tank befor a large trip and fill up the tank along the way.

  11. #11
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    This article does not bode well for Tesla. If they can't even send out a refund in a timely manner, how are they going to be able to build and provide support for the 500,000 Model 3s they are supposed to deliver in the next few years. I said above that I was not predicting the success or failure of Tesla, but after reading this article I take it back. Buy some Jan 2020 puts and you may never have to work again

    https://www.wired.com/story/cancelin...CNDID=48528849

    JD

  12. #12
    I always like to look at what the real experts and companies are doing in order to inform myself. Motorsport plays a huge role in the automotive industry in terms of technology and future design. The saying goes "win on Sunday, sell on Monday". That is why manufacturers spend hundreds of millions of dollars on racing.

    I saw a headline the other day that said BMW was entering a factory team into the Formula E series. This is an racing series of electric racing vehicles only. They run a global circuit like F1, but smaller.

    I decided to see how many global automakers are in Formula E. A total of 6 automakers now fund factory works teams in this series. In F1, there are 3 manufacturers works teams and in Indy Car, 2

    So we can all flap our gums about success or failure of EV's, but if this is any indication global automakers clearsly see the future Of the automotive industry as electric.

    Btw at last weekends F1 race, Ferrari team boss seriously intimated that they will be joining Formula E as well, probably with their Alfa Romeo brand. Merc, BWM, Audi, Porsche, are all already there. Ferrari needs to join the arms race. All that means is more and more of the brightest auto minds working on EV's. Can only mean better and cheaper cars in the future.

  13. #13
    Not for me yet.
    A drive to a Seahawks game is out of the question as I park in the industrial area. No charging out there.
    Road Trips up the Island, or down the Coast may not be in the cards either.
    For my short commute, I would never recover the extra cost of the purchase price.
    Driving to me is enjoyment & the experience. Not much experience in that cabin.

  14. #14
    I went for a ride in a Tesla a few years back. Was the model based on the lotus platform forget the what it was called. Was ok but seemed benign to me. Car was later in an accident and totalled off. Owner fought with the insurance company for more than a year to for payout on it. Insurance company wouldn't pay what the owner thought it was worth.

  15. #15
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    The last article on the Model S I read, said their reliability ratings were statistically somewhere south of a Range Rover. (aka horrendous!) My brother the electric car fan bought a Chevy Volt based on reading that it was the car that the majority of Model S owners had as a second car for when their Teslas were in the shop for (literally!) weeks at a time. If the reliability of the Model 3 isn't considerably better than that of the Model S, Tesla is in for hard times once the word gets out.
    Time will tell I guess. I truly hope it flies but I suspect there is a bit of work yet to be done.
    Better to remain silent...

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