Stories
Slash Boxes
Comments

SoylentNews is people

posted by takyon on Friday March 01 2019, @01:33AM   Printer-friendly
from the self-buying-cars dept.

Submitted via IRC for Bytram

Tesla announces $35,000 Model 3, is closing its stores to pay for it

On Thursday afternoon, Tesla announced that it's finally ready to start selling the cheapest versions of its Model 3 electric vehicle. For $35,000—before any federal or local tax incentives—you can now order a rear-wheel drive Model 3 Standard Range. This car gets black paint and the as-yet unseen standard interior, which means manual (not power assisted) seat and steering adjustment, cloth trim, and a stripped-down audio system. Tesla says the cheapest Model 3 will have 220 miles of range, will hit 60mph (96km/h) in 5.6 seconds before topping out at 130mph (209km/h).

[...] However, these new, cheaper Teslas come at a cost. Tesla also announced that it is now moving to an entirely online sales model and will be shuttering most of its retail locations in the US. "Going to online only is incredibly helpful to us; in many parts of the US, we're unable to sell cars because of franchise laws. This substantially opens up our ability to buy cars. It's 2019—people want to buy stuff online," Musk said.

That means job losses. "There's no other way for us to achieve the savings required to produce this car and still remain profitable. There's no way around it," Musk said. However, when asked about the number or timing of job losses, Musk would not be drawn into details and dismissed the question as "not today's topic."

Tesla announcement.


Original Submission #1Original Submission #2

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by All Your Lawn Are Belong To Us on Friday March 01 2019, @07:49PM

    by All Your Lawn Are Belong To Us (6553) on Friday March 01 2019, @07:49PM (#808883) Journal

    ... Detroit will try to get a law passed (either Federal or in enough key states) that vehicles which are to drive on Interstates must pass local safety checks done by a local/in-state dealer/seller. Or some other clever mechanic that makes it impossible to buy a new car online without a local party involved in the transfer. And how does Detroit manage to sell EV's through local dealers, then, if it so unprofitable to do so?

    --
    This sig for rent.
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2