Remember When The Germans Laughed At The Tesla Model 3? - Now It Isn't Even Close

If you think those luxury car executives could care less about losing a sell to a 40-60k model 3 rolling off the line you are sadly mistaken.

Whether you consider Tesla luxury or not, the client they gained willing to spend 40-60k on a model 3 is a prospective luxury client they lost and u better bet all of those execs are deep in planning now to figure out how to snatch some of the market away from Tesla the model 3 is gobbling up now

Of the three Model 3 owners I know. Two came from BMW, the other Came from Mercedes.

The German AGAIN let their arrogance take over, much like when Lexus came on the scene. At first they scoff then they play catch up when they realize they screwed up. Pathetic.

No - sorry but the PRICE - based on Tesla's marketing system - means nothing. Tesla set the price himself - and is NOT based on anything in the market. This is a case where an ENTRY LEVEL(As described by Elan) vehicle has demand as one of the first products on the market.

When the top three have EVs they will compete in the same market - they you MIGHT be able to compare. However - the common trades also happen to be the highest selling cars out there - which is meaningless since they will still be the HIGHEST SELLING for the next couple of years at least.

As far as a the claim that a Model 3 is a First Tier Luxury Car - Sorry - but that is simply not true. To be so would require being on the market LONG PAST a initial position of sales due to exclusivity - and also require the brand to attain the prestige that the GERMANS have - and TESLA does not

I still do not see HUGE sales of EVs - especially in rural areas - and being one of the few first suppliers - much of what Tesla sells now - remembering that the S no longer sells well - is less profitable because THOSE sales have been completed.

I'm a BMW 4 series and Lexus IS owner, my next car will be a Model 3 trade in for the 4 series, no questions ask. As stated, I don't see majority of Camry, Accord, owners buying an average selling price $60,000 Model 3.

How could majority of Tesla owners be Honda, Accord users when the average selling price is $60,000 which is more then double of an Accord and Camry? $25,000 Camrys owners are now buying $60,000 cars?

Who are the true buyers of these $60,000 Model 3's? Audi? Audi years of month-to-month sales winning streak is over but that didn't happen till Model 3 sales went into over drive.

The Tesla Model 3 is competing with these cars as its average sale price is in line with the others. Whether or nor it is a "luxury" car is immaterial. People who are buying these Model 3s would not be buying a Hyundai Elantra if the Model 3 didn't exist.

No they would be in a Prius. The Model 3 is one of the worse looking cars on the road. It doesn't look good, its not that fast and its small. You can get a Camry or Honda Accord at Model 3 prices that will last a lot longer.

Either way, I'll stick to the German offerings

Looks are subjective, but I think it looks better than most of its competitors. As for speed and size, are you kidding? It is the fastest and best handling car in its class. The size is a bit larger on the inside than a 3-series or A4.

Why would the Germans be upset when they're counting their profits on their cars while Tesla is excusing its losses?

It doesn't matter what the battery costs, it doesn't matter if it is a "luxury" car. The price point within the segment is what matters. The 3 series is one of the most traded in vehicle for the Tesla 3. The trade in numbers are also deceptive because the competitive cars (3 Series/A4/C class...) are around 60% lease transactions.

You just made a statement about the number of 3 Series being traded in for Teslas and then contradicted yourself saying the numbers are deceptive. You are tying logic into knots trying to justify an opinion that is wrong.

This mirrors other markets where the backlog of 2 years or more is filled appearing to show high volume. As in every other market once the backlog is filled the actual sustainable demand drops precipitously.
And of course is INSIDEEVS.com, hardly an objective or reliable source.

Excuses, excuses...these Tesla Haters have nothing better to do

Demand dropped precipitously for the Model 3? Really? You sure about that?

These numbers are incredible - and Model 3 is on track to sell even more this year. Much more.

Really, by what, keep reducing the price to lose even more money per vehicle? Elon is out of demand tricks.
CFO - "We are losing money on very unit sold."
Elon - "We will make it up on volume!"

Tesla isn't a luxury car. PERIOD.

Lol yet ppl are willing to pay luxury car prices for them, luxury or not, a sale is a sale, a loss is a loss, Eat or be Eaten

It's a lot more premium than the BMW, Lexus, and Audi cars I have driven, that's for sure.

Tesla is a luxury car. EXCLAMATION POINT.

YUP - German Luxury manufacturers have largely made profits EVERY quarter for the last 50 years.

Tesla has A LOT of catching up to do After all - the purpose of a Corporation is to make money for their stock holders - not to sell product.

German luxury manufacturers have been around for a half a century or more, I’d hope they are profitable LOL

Not surprising a company can sell so many products when it loses money on every sale. Profitability is the key.

Based on Tesla's gross margins it is not losing money on every sale. There are plenty of capital expenses for growth that contribute to last quarter's loss and many more capital expenditures are to come with Gigafactory 3 and the European Gigafactory 4 that they alluded to today.

Actually, they are. Elon has said they have sufficient gross margin, but it is not visible in any financial filing. He seems trustworthy (ha).
And to this that Tesla gets over $2 billion/year in the carbon credit - a government subsidy - and has federal and state incentives and they still don't make a profit.
If Tesla has to compete on equal footing, that is no tax incentives to purchase and no carbon credits they would be gone already. And the de
Tesla is a scam based on government loopholes to enrich its CEO. It does not and cannot compete.bt keeps piling up and near junkbond interest rates.

Typo -..debt keeps piling up... The profit picture at tesla has been dependent on unlimited growth. However real demand, not that propped up by 2 years of backlog filling and hurrying to not miss out on tax breaks, is depressing. Stock is down 3 percent since Elon spoke yesterday.

90% of sales worldwide are new customers, not backlog orders. Demand doesn't seem to be an issue.

Every time I click on a Tesla article, a number of people comment negatively about Tesla. I want Tesla to succeed. More competition is good for consumers. What am I missing? Why do people seem to root against Tesla?

No kidding... I think it is ok to have fair criticism of Tesla and how they operate, or how you think they operate etc... but there is a real hatred expressed here and the hope that Tesla fails. I don't understand that at all.

People hate change.

EVs that can go 200+ miles have not been on sale since the 1800s.