Get Your CHECKBOOKS Ready, Tesla's Opening The ORDER Banks For Its Latest Model 3...

Tesla CEO Elon Musk has confirmed that the automaker plans to open orders and release the specs of dual motor and performance versions of the Model 3 next week.

Currently, Tesla is still only producing the Model 3 with the Long Range battery pack, rear-wheel-drive, and the premium interior package.

The idea is to limit option to streamline production while the company is still trying to ramp up its manufacturing capacity.

Musk already said that they are planning to start producing the dual motor powertrain in July after Tesla reaches its target of 5,000 Model 3 vehicles per week at the end of the second quarter.
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TomM - 5/12/2018 4:54:47 PM

+8 Boost

Note - there are still Tens of thousands of open orders for Entry Level Model 3 vehicles - and NONE have been filled - so why a NEW vehicle with even more optional equipment.?

THIS IS CLEAR - Musk is admitting that the Model 3 needs the options to make a profit - and since his tirade against the financial community - he may have a problem raising more money to stay open.

TheSteve - 5/12/2018 5:06:44 PM

+5 Boost

@TomM: According to Tesla, there are HUNDREDS OF THOUSANDS Model 3 orders, unfulfilled.

Can't fill current orders in a reasonably timely manner. Seeking more orders (deposit$). What could possibly go wrong?

MDarringer - 5/12/2018 5:23:39 PM

+7 Boost

This is just Tesla trying to scheme and scam money from people. By all accounts, Tesla's financial situation is dire. The people who fell for the Model 3 swindle should have been a warning for the same tactic being used again. Yet, here we go again.

mre30 - 5/12/2018 5:56:41 PM

+8 Boost

I don't know the financial requirements of ordering a Tesla - but I imagine a significant amount of money is put down as a deposit.

Just remember, in a bankruptcy, if you give Tesla money (that's any money - a reservation deposit, a production deposit) and they file for bankruptcy you become what is known as a "general unsecured creditor" and you will likely get pennies on the dollar back, if any thing at all.

One sign that investors should start to more intensely worry (they only seem to be peripherally worried now) is if all of a sudden, the order banks are wide open and people can build whatever they want as long as they put money down.

Another big sign of impending doom IMO is when reservations open up for the Model Y

LEASE!

Hauerg - 5/15/2018 6:19:34 AM

+1 Boost

Correct. You do not know.

runninglogan1 - 5/13/2018 2:09:28 AM

0 Boost

The AWD version is going to be quick!!!

MDarringer - 5/13/2018 3:14:45 PM

+1 Boost

Yes. Full throttle into a concrete abutment on Autokill. I agree.

EVisNow - 5/13/2018 6:04:50 PM

-1 Boost

I see a lot of envy here. Come on Tesla, hurry up and open the order line to find out how many are in line. I'm one and my check book is wide open. Let see which cars out there will get trampled by the Performance AWD Model 3.

runninglogan1 - 5/14/2018 3:42:06 AM

0 Boost

@jones

You sure about that?

https://insideevs.com/see-tesla-model-3-on-mid-ohio-race-track-plus-bmw-m3-chase-video/

DinduNuffin - 5/14/2018 1:36:36 PM

0 Boost

I think there would be a stampede grabbing all of Tesla's tech if they went bankrupt.

MDarringer - 5/14/2018 2:12:23 PM

0 Boost

Tesla doesn't have tech that others don't also have.

Hauerg - 5/15/2018 6:20:59 AM

+3 Boost

MDarringer has autokilled his brain a long time ago.

MDarringer - 5/15/2018 8:15:16 AM

0 Boost

Practicing your non sequiturs again?