I can calculate the list price of the new Tesla "Model 2" will be around $26,000 -- here's why

[bradtem]

Tesla Did Introduce The Model 2 This Week At $26,000, But Kept It Quiet

In spite of the disappointment, a little math and careful examination of the details from Tesla Investor Day shows us the important information about Tesla's next generation low cost car.

www.forbes.com

 

[glide]

*after potential savings

 

[bradtem]

*after potential savings

No, I am calculating the cheque you write (plus destination charges and taxes of course)
Based on $43K for model 3 today, for which they will calculate a list price of $33,500 after tax credits but not after gas/maintenance savings.

For the new car to have a total cost of ownership that is 71% of the expensive car, when the energy costs the same, and the insurance goes down only a little and maintenance doesn't go down much, the list price of the car has to drop to be 60% of the $43K for the model 3 -- around $26K.

If all the factors were to drop the same (which can't happen) you get a $30,500 car -- which would then be $15K "after savings" in California.

 

[electracity]

I'm calculating that it needs to cost about the same as a nice $25K Toyota Corolla. It also needs to be as desirable as the Corolla.

 

[bradtem]

I'm calculating that it needs to cost about the same as a nice $25K Toyota Corolla. It also needs to be as desirable as the Corolla.

To get the Corolla for that price you will need to go with one of the lower trim levels.
But don't forget, you will get $7,500 tax credit off the $26K Tesla price, and more state credits.

And it will have a lot of fancy features not in the Corolla, anything Tesla does in software could be in there.

 

[glide]

Based on $43K for model 3 today, for which they will calculate a list price of $33,500 after tax credits but not after gas/maintenance savings.

Great. So what is the sale price without all the bullshit gymnastics you are factoring in here?

 

[bradtem]

Great. So what is the sale price without all the bullshit gymnastics you are factoring in here?

It's in the headline of the thread and the article. Sorry for hiding it.

 

[E90alex]

But don't forget, you will get $7,500 tax credit off the $26K Tesla price, and more state credits.

Not necessarily. The Model 3 RWD uses CATL made LFP batteries from China to help reduce cost. Most likely a cheaper model will do the same.

 

[bradtem]

Not necessarily. The Model 3 RWD uses CATL made LFP batteries from China to help reduce cost. Most likely a cheaper model will do the same.

My understanding is the RWDM3 does qualify at present, though in future the Chinese source batteries will not qualify at least for the full credit.
However, it's hard to see how it would be cheaper to use Chinese source batteries than other batteries which qualify for that credit. Too many other battery and materials factories coming online, not just because of these credits.

 

[glide]

It's in the headline of the thread and the article. Sorry for hiding it.

Right. So it’s a nonsense click-bait generated price.

 

[E90alex]

My understanding is the RWDM3 does qualify at present, though in future the Chinese source batteries will not qualify at least for the full credit.
However, it's hard to see how it would be cheaper to use Chinese source batteries than other batteries which qualify for that credit. Too many other battery and materials factories coming online, not just because of these credits.

We can’t say for sure what the future will hold, but in general anything produced in China is going to be cheaper than the equivalent produced in the US or most other countries.

 

[bradtem]

Right. So it’s a nonsense click-bait generated price.

Um, it's the opposite. Having a bad day? Clickbait is where you deliberately hide what people want to know to force them to click to get what is teased. If the headline said, "I've calculated the price of 3 new Tesla models. #2 will shock you!" that is what Clickbait is.

 

[ItsNotAboutTheMoney]

Downvoted for using "Here's why" in the thread title.

 

[bradtem]

Downvoted for using "Here's why" in the thread title.

And what would you put in the thread title to explain that the OP article will go into details of how the number was calculated? Or would you omit that?