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Old 25th May 2018, 18:17
  #1037 (permalink)  
Turbine D
 
Join Date: Dec 2010
Location: Middle America
Age: 79
Posts: 1,132
Original Post by Highway 1
Good article about the mythical $35,000 Tesla..
Confirms what I read in the WSJ article:
[QUOTE]

Elon Musk’s about-face on Model 3 pricing is a warning sign for the stock

May 21, 2018 11:40 a.m. ET Tesla has given the first signals that it is giving up on its ambition to become a mass-market car maker. Prospective customers should be angry, and investors ought to be wary.

Over the weekend, Chief Executive Elon Musk announced a new, $78,000 version of Tesla’s car for the people, the Model 3. More important was his admission that his promised $35,000 version would cause the company to “lose money and die” if built right away.

Tesla has struggled to produce a $50,000 version of the Model 3, and as the company burns through cash, the question is how many of those will be available once the faster $78,000 offering is ready. If Model 3 is suddenly a high-end car, then Tesla, whose other offerings start around that price, would be more comparable to Maserati than to Chevy, which is producing a $36,620 electric car.

The problem is investors have given Tesla a near $50 billion market cap in the belief the company will upend the global auto industry, not become a niche, high-end electric car maker. What that latter company is worth is hard to say, but it is not the current market valuation.

Then there are the nearly 500,000 Tesla die-hards who put down $1,000 deposits for what they thought was a car that started at $35,000. How many can afford, or would be willing to pay for the higher-end models? These refundable deposits account for a third of the cash on Tesla’s rickety balance sheet.

Mr. Musk said Tesla would produce a low-end Model 3 toward the end of the year, though Tesla’s forecasts are typically optimistic.

But there is an issue that will require fixing first, brakes, then the centrally located touch screen...

Consumer Reports: We can't recommend Tesla's Model 3

[email protected]

The Tesla Model 3 is not good enough to earn a recommendation from Consumer Reports, the magazine said. While the car is exciting to drive, difficult controls and weak brakes prevented it from getting the publication's much-sought-after approval.

Consumer Reports has said the larger and more expensive Tesla Model S was among the best cars it had ever tested.
Not so with the Tesla Model 3. The magazine praised the car's acceleration, handling and driving range. Those things, Consumer Reports said, could have made it a strong competitor against similarly priced cars like the Audi A4 and BMW 3-series.
In Consumer Reports tests, the Model 3 went from zero to 60 miles an hour in just 5.3 seconds, and testers found the sedan's handling reminiscent of a Porsche Boxster two-seat sports car.
But, in emergency braking tests, the car took 152 feet, on average, to come to a stop from 60 miles an hour. That was seven feet more than a Ford F-150 full-size truck needed, according to the magazine. It's about 20 feet longer than the average for other cars similar to the Model 3.
The car's braking performance was also extremely inconsistent, the magazine said.
Tesla's own tests have shown much shorter stopping distances, a spokeswoman for the automaker said.
The publication also took issue with the Model 3's controls, almost all of which rely on a large centrally-located touch screen.
"This layout forces drivers to take multiple steps to accomplish simple tasks," Consumer Reports reported in an online post.
Even adjusting the side mirrors or changing the direction of the air flow from the dashboard vents requires interacting with the touch screen. That means extended periods of time in which the driver's eyes are off the road ahead, Consumer Reports said.
Consumer Reports also faulted the Model 3 for its firm ride, uncomfortable rear seats and wind noise at highway speeds.
It was the weak and inconsistent braking performance that really kept the Model 3 from earning a recommendation, though, said Jake Fisher, head of auto testing for Consumer Reports.That leaves open the possibility that, if Tesla were to improve the car's braking performance through a software update, for instance, the car could then earn the approval, Fisher said, despite other issues.
BTW, locally Four high school students on the way to their senior prom dance in a Tesla Model S crashed, two were ejected and one was killed. The car was doing over 100mph going over a crest of a hill (hill hopping as it is known), the driver lost control and went off the right side of the road, over corrected causing the car to roll over once but came back on its wheels and then it hit a fence and tree on the left of the road. The only positive things that can be said, the car didn't catch on fire which would have happened if it were a gasoline powered car and the seat belts worked for those that wore them.
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