What is your true Model 3 budget?

[graphic]

People doing estimates should remember that it is likely that Supercharger access will be included in the battery upgrade. (Assuming they charge for it at all.)

My total for a Model 3 P90D, based on the estimates MP3Mike Posted:

Base $ 35,000.00
Supercharging -$ 1,500.00 (Included in battery upgrade)
Paint $ 1,000.00
Larger battery $ 7,500.00
AWD $ 4,000.00
21" Wheels $ 2,500.00
Auto-Pilot $ 2,500.00
Leather Seats $ 2,000.00
Premium Interior $ 2,500.00
Panoramic Roof $ 1,500.00
Fancy trim (Carbon fiber) $ 0
HiFi $ 2,000.00
Sub-Zero $ 0
Performance $ 0
Ludicrous $ 0
High amp charger $ 1,000.00
Towing option $0
Smart Air Suspension $ 2,500.00
Carbon Fiber Spoiler $0
----------------------------------
Total: $64,000 - $2,500 (Texas tax credit)
Grand total: $61,500.00

 

[alseTrick]

I like what you're saying, but I think a 30% cost reduction, let alone a 40% reduction, would be a big stretch. I don't think technology and manufacturing can improve to lower the cost by that much in the next year or earlier when the battery platform must be well defined, established, and being manufactured in very large quantities.

Oh, I agree after reading that Tesla is shopping around for additional battery manufacturers as well as potentially using entirely different battery types for the model 3 than the previous models. The 30% was based on what I had been seeing online on these boards and in articles. But it appears that that reduction may not be coming like hoped, though I do believe once the gigafactory is open (the full version, not some scaled back version) that factors of scale will inherently reduce costs significantly (though maybe not 30-50%).

 

[alseTrick]

I suspect AWD will be bundled with a larger battery... I don't think there's much chance that it will be available with the base battery. I see three levels of battery and I suspect AWD + mid-range battery is going to be a $5,000-$7,500 option package at least initially.

Why would there not be a base-battery AWD option like with the S? Honest question.

 

[jsanford]

Honestly, I don't know. There will be a lot of factors--sales tax on cars is high in Seattle, how much we've saved at the time our number comes up, what's announced as the options. We'll likely finance some of it and auto loan rates may be much higher than these days. A year ago I never would have guessed I'd be commuting ten-plus hours a week. If a battery upgrade increased the longevity of the battery pack, then I'd be in favor of it. If saving money on the Model 3 means it comes with a non-HD radio and four paper speakers and a form factor that rules out an aftermarket stereo, then we'd bump up the stereo. We're dead set on the color red, though.

 

[Twiglett]

I will be balancing budget to availability.
Spending a little more to get it sooner, maybe spending even more to get the fed tax credit.
Then use the tax credit to fund some OTA option enablers in the following year
Sounds good in my head at least.....

 

[xav-]

I want that p90d that the other poster talked about but have a feeling that loaded it s going to be much more than $60k. More comparable to a loaded BMW m3 I suspect in term of prices, I assume $80k-$90k?

 

[xav-]

Btw prices for model s:
- Base 60 - $66k
- Base P90 with ludicrous: $120k

Almost twice as much..

 

[IMF2000]

Probably around £55-£60k with a very high specification, otherwise the model S 60KW becomes tempting..

 

[Laban]

Borrowed this from graphics post, with a few tweaks:

Base $ 35,000.00
Supercharging -$ 1,500.00 (Included in battery upgrade)
Paint $ 1,000.00
Larger battery $ 7,500.00
AWD $ 4,000.00
Auto-Pilot $ 2,500.00
Leather Seats $ 2,000.00
Panoramic Roof $ 1,500.00
Sub-Zero $ 1000
Towing option $1000
----------------------------------
Total: $54,000 + 10% duty + 25% VAT - ~$ 5000 subsidy (Sweden)
Grand total: $69,250.00 (~ 567 850 SEK)

 

[sg021]

As it is shaping up at the moment, I think a $50k budget will suffice for what my wife would want.
No range or performance upgrades needed, but AWD is a must and comfort/convenience features would be good too. I see autopilot, pano, premium interior as likely options.

CPO Model S would also be in play, and the new E-Class which has some sweet options even though we'd have to get a decent discount for it to be in play. The interior is really nice and if the massage seats work well I'd see that as a big selling point for her.
She also likes the look of the GLC, but if the build/materials are as mediocre as the C-Class loaner I had its not making the cut.

I guess the point I'm making is the model 3 is the cheapest build we're likely to be considering, even before fuel savings and tax credits.

 

[EaglesPDX]

Base car $35000
Battery upgrade $5,000
Tow package $500
Air Suspension (required for tow package) $1,500
Sub Zero $500
AWD $3,000
Autopilot $1,500
Premium Upgrade $1,500

Total $47,000
Less $7,500 Federal Tax Credit. I'm on West coast which gets a priority and I look to be 192,763 on the list so good chance of getting the full $7,500 tax credit.
No OR sales tax.

Basing the option costs on 53% of similar option costs on Tesla S60D. Only the TX offers the tow package ($750).

 

[Galve2000]

I hope all those who are budgeting the $7500 tax credit are making contingency plans. I'm not saying you won't get it, but it is better to assume you won't in case the Model 3 deliveries are batched in such a way that you won't get it, even if you are one of the earliest reservation holders.

I also hope people realise that they actually have to spend the $7500 (+tax where applicable) at delivery only for it to be refunded after they file their tax returns for the year.

 

[alseTrick]

Borrowed this from graphics post, with a few tweaks:

Base $ 35,000.00
Supercharging -$ 1,500.00 (Included in battery upgrade)
Paint $ 1,000.00
Larger battery $ 7,500.00
AWD $ 4,000.00
Auto-Pilot $ 2,500.00
Leather Seats $ 2,000.00
Panoramic Roof $ 1,500.00
Sub-Zero $ 1000
Towing option $1000
----------------------------------
Total: $54,000 + 10% duty + 25% VAT - ~$ 5000 subsidy (Sweden)
Grand total: $69,250.00 (~ 567 850 SEK)

That math is wrong. The total should be $55,500. The cost of supercharging isn't negative. In your scenario it should be $0, but it's listed as a $1,500 rebate which isn't accurate.

 

[EaglesPDX]

I'm not saying you won't get it [$7,500 tax credit), but it is better to assume you won't in case the Model 3 deliveries are batched in such a way that you won't get it, even if you are one of the earliest reservation holders.

Earliest reservation holders (first 100,000) are likely safe. Musk has already hinted about mfg. cars and not starting to ship them until 2018. Tesla is ramped up and cranking out cars. Tesla hits 200,000 and has six month window before the tax credits states to go down by 25% increments per quarter. Folks in my situation, over 100,000 are going to be close but I'd guess even in worst case we get 50%.

And who knows, depending on how the election comes out, we might get a big enough turnover in Congress that it would extend the tax credit.

 

[setheryb]

I will be financing, so I am more concerned with monthly payment. Right now about $500 a month would fit nicely in my budget. But if there are some compelling options I am definitely willing to go above that. The silver lining of the car not being delivered for ~2 years is an opportunity to save for more down payment and no need to commit to a specific budget for quite some time.

Same here. My current car is paid off at the end of the year. So I plan on making that payment to my Model 3 account. That plus freelance checks, and selling my current ICE should help pay for many of the options I'd like to get.

 

[EVNow]

Honestly, I don't know. There will be a lot of factors--sales tax on cars is high in Seattle, ....

EVs (less than $42k) get sales tax exemption. There is some volume limitation as well .. not sure whether we'll run out before 3 comes out.

 

[Zaphod]

and I look to be 192,763 on the list

Quite the specific number. And how do you know that is your number?

 

[Striker3000s]

I'm on West coast which gets a priority and I look to be 192,763 on the list so good chance of getting the full $7,500 tax credit

I waited in line in PDX also. What number in that line were you?

 

[EaglesPDX]

Quite the specific number. And how do you know that is your number?

Just guessing but they have the 1086XXXXX and I see that is for some folks on March 3. I did it April 1 which is 1087XXXXX so I'm guessing they are doing it in 99,999 increments.

I also noticed that about an hour after my reservation was made, Musk was online saying they had reached 200,000. So the timing seemed to match that numbering system based on the stream of announcements on how many T3 reservations on the at first day, April 1.

Just a wild guess. A plug number to use in regard to discussion above on how the Federal Tax credit might play out.

Tesla faces tax credit puzzle

 

[MP3Mike]

I waited in line at PDX as well... I'm pretty sure I am around 50k. (based on the reservation number that was temporarily available in the source code on the MyTesla page.)

There is no way you could be 192,763 and waited in line at PDX since there were only ~115,000 reservations before the reveal that night.

So if you actually waited in line before the reveal you are below 115,000.