TESLA WOULD 'DIE' IF IT MADE ENTRY-LEVEL MODEL 3 NOW
Elon Musk, outspoken Tesla CEO, has confirmed the company's precarious financial situation is the reason it can't build the entry-level Tesla Model 3 at the moment.
Responding to a question posed on Twitter by Ivaylo Ivanov, Musk replied, "Shipping min cost Model 3 right away wd cause Tesla to lose money & die".
"Need 3 to 6 months after 5k/wk to ship $35k Tesla & live," he concluded.
Clearly those interested in buying an entry-level Model 3 would like to have their cars sooner rather than later, but the timing of when these vehicles become available has a financial angle too.
Tesla is rapidly approaching its 200,000th EV sold in the US. When it reaches that milestone, the US federal tax credit of US$7500 ($9980) begins to slowly wind down over a number of quarters before disappearing completely...
https://www.caradvice.com.au/651074/tesla-entry-level-model-3/
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