It seems as if everyone wants a piece of Tesla but most people complain that it is out of their price range. Tesla CEO Elon Musk appears to have listened and is going to give the people what they want.
At the last earnings call, Musk stated that their next electric car, Model 3, should be priced at about $35,000. The company will start taking orders in March 31 of 2016 in stores with a simple $1,000 deposit. Cars can also be ordered online April 1st. Bloomberg reported that a company spokesperson noted that the $35,000 price quote does not include incentives so the actual price could even fall below $29,000, which is comparable to other electric cars, such as the Toyota Prius.
Base incentives are $7500 in federal income tax credit and some states offer additional incentives for buying electric cars, such as Colorado, which currently offers an additional $6,000 credit.
Tesla, based in Palo Alto, California, posted a 4th quarter loss of $320.4 million or $2.44 per share. This loss is mostly due to higher operating costs. The company is still gained 11% in stock gains after posting a strong delivery target for 2016.
The company delivered about 17,478 vehicles in the fourth quarter of 2015. Overall global deliveries were up about 76%. Tesla manufactures 2 all electric cars, the Model S and Model X. The new Model 3 should improve sales as the price is more in line with what consumers expect to pay for an electric car. Tesla has stated that they expect to achieve full profitability for the entire 2016 year.
Tesla has assured investors that the Model 3, which should roll out in late 2017, is on schedule. Tesla (NASDAQ: TSLA) closed Wednesday, February 10th, at $143.67, which is down about 3.09% or $4.58.
Tesla cars have been very popular with younger people who are not only interested in lessening their carbon footprint, but in the company’s technology, such as the autopilot feature, which allows the cars to drive, change lanes, look for parking and park themselves without driver input.
Source: RTT News
xIt seems as if everyone wants a piece of Tesla but most people complain that it is out of their price range. Tesla CEO Elon Musk appears to have listened and is going to give the people what they want.
At the last earnings call, Musk stated that their next electric car, Model 3, should be priced at about $35,000. The company will start taking orders in March 31 of 2016 in stores with a simple $1,000 deposit. Cars can also be ordered online April 1st. Bloomberg reported that a company spokesperson noted that the $35,000 price quote does not include incentives so the actual price could even fall below $29,000, which is comparable to other electric cars, such as the Toyota Prius.
Base incentives are $7500 in federal income tax credit and some states offer additional incentives for buying electric cars, such as Colorado, which currently offers an additional $6,000 credit.
History
Tesla, based in Palo Alto, California, posted a 4th quarter loss of $320.4 million or $2.44 per share. This loss is mostly due to higher operating costs. The company is still gained 11% in stock gains after posting a strong delivery target for 2016.
The company delivered about 17,478 vehicles in the fourth quarter of 2015. Overall global deliveries were up about 76%. Tesla manufactures 2 all electric cars, the Model S and Model X. The new Model 3 should improve sales as the price is more in line with what consumers expect to pay for an electric car. Tesla has stated that they expect to achieve full profitability for the entire 2016 year.
Tesla has assured investors that the Model 3, which should roll out in late 2017, is on schedule. Tesla (NASDAQ: TSLA) closed Wednesday, February 10th, at $143.67, which is down about 3.09% or $4.58.
Tesla cars have been very popular with younger people who are not only interested in lessening their carbon footprint, but in the company’s technology, such as the autopilot feature, which allows the cars to drive, change lanes, look for parking and park themselves without driver input.
Source: RTT News
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