Anyone Here Got a Reservation for a Tesla Model 3?

teasatotalling on 26/06/2017 - 10:42
Last edited 09/07/2017 - 11:02 by 1 other user

First production unit has been completed
https://mobile.twitter.com/elonmusk/status/88384089325345178…

Full reveal will now occur on a July 28th party when first customers take delivery.
Australia won't start getting it until at least mid-2018, probably late 2018, as Musk stated it will be the case for right hand drive countries.

Based on the price of the Model S, I reckon the driveway price will be $55 - $57K, so it is competing with Audi A4 & BMW 3

Of course have to factor in approx. $12K savings in fuel & servicing over 5 years (based on 20K km/year)

Then, if Tesla do get their autonomous ride sharing network truly up & running, then cost is irrelevant as the revenue will pay it off in 12 months.

Automotive

Comments

    • teasatotalling on 29/06/2017 - 11:11
      +1

      Personally, irrelevant to me as I am installing solar & batteries, so will be under $1 per 100km
      Additionally, I reckon we are going to see a massive explosion in micro grids, where houses share battery stored power. It's already happening.

  • methdd on 29/06/2017 - 11:21

    I own a P85DL and I've got reservation for a Model 3.

    I will buy the model 3 and keep for the wife as the first "batch" will have limited options so they can expediate production and delivery.

    As a current Model S owner, I also get to jump the Australian queue which is great.

    Any questions, fire away :)

    • teasatotalling on 29/06/2017 - 11:23

      Did it cost you over $200K??!!

      • methdd on 29/06/2017 - 11:28

        Yes it did. At the time I had to add the "tech pack" for AP and "ludicrous mode" for the 760hp motor and each option was very expensive. But it was worth it!

        • [Deactivated] on 30/06/2017 - 22:00

          You don't have 760hp. More like 500hp.

    • Oliver on 30/06/2017 - 17:01

      What do you do for a living

  • chumbucket on 29/06/2017 - 11:40
    -1

    Hold off for when BYD import more of their range here. Their E6 is already here, but IMO looks like shit and is around 75K.
    Their chinese market have full EV's for less than 40K. Teslas gigafactory has nothing on the scale of what BYD produce.
    Their latest SUV is on presale for 200000CY which is around 38k AUD

    • methdd on 29/06/2017 - 11:46
      +2

      I don't think anyone trusts Chinese car manufacturers no matter the price. Just look at The Great Wall.

      • chumbucket on 29/06/2017 - 12:02

        hopefully it goes the way more of chinese tech companies (DJI Xiaomi, huawei etc), rather than previous vehicle manufacturers. Whilst I understand they probably wont crack the top end in terms of quality, im all for a push to more electric competition, as well as lower prices

    • teasatotalling on 29/06/2017 - 11:49

      Teslas gigafactory has nothing on the scale of what BYD produce.

      LOL, just LOL

      • chumbucket on 29/06/2017 - 11:59

        "It plans to bring a further 4 gigawatts of capacity online by the end of the year, making its annual battery output 12 times larger than Tesla's."

        source

        • teasatotalling on 29/06/2017 - 12:22

          Paywalled.
          Tesla is ramping up to 50 GWh by next year
          The Gigafactory is the largest factory in the world by floor space
          They have just announced another will be built in China, with a European based factory shortly.

          All said & done, BYD don't have 400K preorders

        • chumbucket on 29/06/2017 - 12:57

          @yoyomablue: I cant argue with Tesla's popularity. My initial post was to offer an alternative to the wait times of what you will certainly face with the rollout of the model 3.

          That said, Tesla was already behind the global storage production (let alone vehicle production), despite more factories being built, BYD has already won. It had factories in china, brazil, hungry, russia, ethiopia, and now california.

          But enjoy your model 3.

        • whooah1979 on 29/06/2017 - 22:50

          @yoyomablue:

          All said & done, BYD don't have 400K preorders

          pre-orders are no more than crowd-funding. pre-orders means little unless they can produce and deliver on time and on budget.

          telsa can learn a thing or two from vw, toyota and gm about selling vehicles. they sold 30m vehicles in 2016 and almost 30m in 2015.

        • teasatotalling on 30/06/2017 - 00:29

          @whooah1979: with VW dieselgate, Toyota pouring money into hydrogen & GM existing only thanks to a massive government bailout, they could learn about how to run a business.
          These companies & their banks would die to have such preorders.

        • whooah1979 on 30/06/2017 - 05:57

          @yoyomablue:
          Tesla hasn't reported a profit since 2010. They've been spending a massive amount of money over the years without paying their investors a single dividend.

          Crowdfunding or preorders as they like to call is a 400m pure cash injection that is probably used for operational expenses and financing.

        • whooah1979 on 30/06/2017 - 06:36

          @yoyomablue:

          btw one can be forgiven to think that tsla is in the business of manufacturing and selling vehicles. the consensus is that they will make more money on energy and their patents than vehicles.

        • teasatotalling on 30/06/2017 - 09:21

          @whooah1979:

          Tesla hasn't reported a profit since 2010.

          It's a good thing they haven't. That means they wouldn't have been investing.
          It's no surprise they are now worth more than BMW, Ford & GM.

        • teasatotalling on 30/06/2017 - 09:27

          @whooah1979:

          Tesla will win big in the race to sell electric cars to the world, a German analyst believes, because the competition from traditional manufacturers has been complacent and Elon Musk’s California upstart will win a near monopoly of the market.
          Tesla is out investing the competition, which hampers itself by seeking to save money by building on legacy engineering rather than developing new and focused technology, according to a report from analyst Alexander Haissl of Hamburg, Germany-based Berenberg Bank, which also rates the readiness of Tesla’s competition. Daimler’s Mercedes looks best prepared, followed by Volkswagen. BMW appears to be dithering. General Motors, despite its Chevrolet Bolt, Ford, and FCA don’t get strong ratings.
          “[Manufacturer] complacency about electric vehicle (EV) technology is worse than perceived. Despite more talk of developing EVs for mass-market adoption, a lack of real action and strategic commitments betray their underlying conviction, with no clear pathway to high-volume EV production before the mid-2020s,” writes Haissl.
          “Tesla will be given a near-monopolistic opportunity to gain market share and outcompete the incumbent automotive industry,” Haissl said.
          https://www.forbes.com/sites/neilwinton/2017/06/29/tesla-foc…

        • [Deactivated] on 30/06/2017 - 22:02

          @whooah1979: That's not true. Tesla reports profits sporadically when it needs to show Wall St It can. It has done so twice in 2 quarters in the last few years.

  • Shiny Mew on 29/06/2017 - 16:51
    -1

    Given the extreme difficulty post-GFC of obtaining and keeping such a well-paying job as would allow someone to commit that kind of capital to a car, I don't think there are too many Ozbargain members who will be buying one.

  • Shame on 29/06/2017 - 17:10

    Better question- who has shares in TSLA?

  • rexstar on 29/06/2017 - 18:25

    I have a deposit down but might request a refund. I was expecting the interior to be less plain jane, maybe have a HUD or something. I'd also be a bit concerned about the build quality. The price will skyrocket once you start adding options.

    • payless69 on 30/06/2017 - 09:50

      after my test drive of the S P85D I was asked to fill out an email survey. Told them: No HUD, no buy.
      If I buy the "baby" version I still like the vertical large screen! One future wish: wireless charging as a secondary option, some researchers claim efficiency is near 85% not good enough yet.

      • [Deactivated] on 30/06/2017 - 22:03

        Wireless charging has nothing like that kind of efficiency. If they implemented wireless charging the costs to top up would be significantly more than using petrol. It isn't going to happen. Neither is your vertical screen (its a 15inch horizontal), and neither is an HUD.

  • Mysterious Laptop on 29/06/2017 - 20:53

    no thanks, would rather a nice C class or BMW

  • ruriruri on 29/06/2017 - 22:15
    +2

    I just want a car that drive itself. Don't care if it's EV or petrol.

  • [Deactivated] on 30/06/2017 - 00:47

    I'm saving up for a skateboard you punk.

  • jaimex2 on 30/06/2017 - 14:21

    Yep, reserved on announce. Fully refundable deposit so nothing to lose.

    Even if I don't buy for myself chances are you can flip one at a profit with an early reservation.

    • Oliver on 30/06/2017 - 17:02

      What about stamp duty?

      • Jackson on 01/07/2017 - 00:56
        +1

        Or interest?

        • jaimex2 on 01/07/2017 - 15:58

          Interest: Just wait for the AUD to be on a high when refunding as deposit is kept in USD.
          Stamp Duty: Obviously you sell it at more than what you paid.

  • Jackson on 01/07/2017 - 01:05

    This post is interesting for a number of reasons, the lack of understanding by so many of the subject matter (electric vehicles), the lack of understanding of ownership, and the benefits of EVs over combustion vehicles. That along with the fact that cars are probably the single best example of when people (blokes especially) show bias and suspend logic when making a purchase.

    A few people have it right though, but for those that dont some facts:

    Even when powered off the most polluting sources of electricity, an EVs are expected to be saving about 30% off the pollution of an equivalent ICE vehicle

    Powering an EV from Solar gives you a true Zero emission vehicle, and this can be done today

    There are no tailpipe emissions which is a real benefit to society, even if you just consider the impact on health and therefore the govt spend which affects everyone

    Running your EV is better for the energy security of your nation

    Servicing costs are minimal compared to ICE vehicles, and the vehicles themselves are inherently more reliable by a large factor, so you should also be able to keep them much longer

    No petrol costs, and the cost of electricity is so much cheaper that even if it goes up by 4 times it will still be cheaper than petrol

    Batteries have been proven to be much more reliable and have more longevity than initially expected, but whe

    • Jackson on 01/07/2017 - 16:29

      …when they are the only part of the car that deteriorates you are in a pretty good circumstance.

      I guess my point is that with all the above benefits if you can't work out a way that this is significantly better than owning a combustion engine vehicle you aren't trying hard enough

  • methdd on 01/07/2017 - 02:39

    You guys should read this: https://seekingalpha.com/article/4084582-problem-teslas-comp…

    "Car companies have too much debt on their balance sheets to embark on a five-year period during which they incur the unprofitable costs that Tesla has incurred over the last five years while building its Gigafactory. They have to service their existing debt, some of which is backed by leased cars, which are declining in value quicker than expected. More importantly, however, the "assets" on these companies' balance sheets are primarily comprised of plant, property and equipment to manufacture internal combustion engine cars, which are at the risk of becoming obsolete by 2025 as several countries enact laws to ban them. So these companies' debt-to-asset ratios may be even higher in reality than shown in the graph above. Also, note that the two companies with the lowest debt-to-asset ratios are the ones that have been most vocal about electrifying their fleet.

    Tesla has bucked this trend of a deteriorating balance sheet by financing its growth over the last five years through capital raises rather than leveraging up through debt issuance."

    "Notice that Tesla's debt to assets ratio has trended downward over the last five years, but jumped in 4Q16. This is not because Tesla borrowed a significant amount of new debt, but because it acquired SolarCity, which came with $3 billion in mostly non-recourse debt and very minimal amount of cash. SolarCity-related debt is backed by solar panels as collateral and it is serviced by the cash flows coming in from solar customers each month, so they do not materially impact Tesla's operations. If we exclude the $3 billion of SolarCity related debt, as well as the $6 billion in solar assets, Tesla's debt-to-asset ratio drops to ~25%, which is less than any of the companies included in the first graph (source: 1Q17 SEC filing Form 10-Q). Moreover, however, Tesla had more than $4 billion in cash as of March 31, 2017, which approximates two-thirds of the $6 billion in total recourse debt. Excluding the cash, Tesla's debt-to-asset ratio drops to just 10%. This very conservative balance sheet allows the company to invest for the longer term, in a way most car companies simply cannot."

  • Lucky13 on 01/07/2017 - 15:01

    FYI if anyone's interested they've actually got a Tesla Model S on display with a salesperson for any questions in the Emporium Melbourne, 287 Lonsdale St, Melbourne.

    http://imgur.com/a/QZp5i
    https://www.emporiummelbourne.com.au/

    • [Deactivated] on 03/07/2017 - 23:26

      They also have a pop up store in Myer Melbourne and two full retail stores in Richmond and Chadstone.

      Also, on another interesting note, the first Model 3 goes into production on Friday, 2 weeks ahead of schedule.

  • WreckTangle on 04/07/2017 - 08:52

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&o…

    This one's about how Tesla will probably meet orders by end of 2018, but faces challenges..

  • teasatotalling on 09/07/2017 - 11:01

    First one has rolled off the line
    https://mobile.twitter.com/elonmusk/status/88384089325345178…

    • Toons on 09/07/2017 - 11:14

      yeah he isn't actually calling it though till it's been scrutinised, all things being equal though the pics of the first one should be up soon

  • Toons on 09/07/2017 - 14:25

    First official production car

    (https://twitter.com/elonmusk/status/883900030163324930)

  • teasatotalling on 10/07/2017 - 07:01

    The Model 3 will have the added benefit of causing the used electric car market to fall substantially, because:
    1) long range
    2) autonomous capability

  • teasatotalling on 24/07/2017 - 10:44

    Official launch time in Australia EST is 4pm Saturday

  • narcoleptic-haze on 24/07/2017 - 11:40

    There's so much bullsh*t being tossed around about Tesla and it's often miss-reported or miss-interpreted by alot of people. I over-heard someone saying how Tesla was already having trouble not producing enough batteries for the Model 3. I looked it up, they read a story about Model S shipments being lower than the previous quarter due to battery shortages, and somehow this morphed into "Tesla can't even produce enough batteries for the Model 3 and it isn't even out yet! BAH-HAHAHA" …

    And I recently read some pathetic article on news.com.au which tried to make out that Tesla and the Model 3 was in all sorts of trouble. It claimed that "production is in full swing" and that there's no way they will get through all the pre-orders. If the 'journalist' did a 30 second google search he would've noted that (as in ANY mass producing factory line) the line is slow to start with, and Tesla openly have said they will only be producing 30 cars in the first month, but then ramp up from there. They had an interview with some rich Australian, who they made out that he was worried when he'd see his pre-order fulfilled. They emphasised that all these people who paid their $1,500 pre-order "still haven't been told when they'll receive their car" as if they all should have delivery dates (or their cars) already .. such crap.

  • teasatotalling on 29/07/2017 - 08:44

    Livestream on tesla.com starts at 1.45pm

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