Tesla KILLS American car industry in just 3 days. GOOD!
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Tesla has blown away all predictions, selling over 276,000 pre-orders of their affordable Model 3 electric car, within 72 hours of going live. The massive public interest reveals a major shift in public preferences and should send shockwaves through the auto industry.
The Tesla Model 3 will sell for an average price of $42,000. Subsequent competition and models will reduce future prices even further.
LOS ANGELES, CA (California Network) - Tesla has sold over 275,000 pre-orders for its Tesla 3 electric car. The cars will go into production in late 2017, and will not be delivered for nearly two more years, however consumer demand is through the roof anyway.
Each car, which is designed to be sold for as little as $35,000 for a base model, will sell for an average price of $42,000 with upgrades. A fully upgraded car could sell for as much as $50,000 to $60,000. However, these figures are not what's important. What's important is the tectonic shift in the American psyche that is driving this demand.
Americans are sick and tired of the usual car manufacturers. From General Motors to Toyota, Kia, Ford, to Chevy, and Dodge, all the big brand names are out. Even traditional luxury manufacturers such as BMW, Audi, and Mercedes are facing obsolescence.
The Tesla Model 3 is expected to get an autonomous driving mode which will allow drivers to take their hands off the wheel while cruising on the freeway.
That may be a harsh criticism -possibly unfair, but American drivers are extremely sick and tired of fluctuating gas prices, filthy air, and all the other limitations that come with the standard car.
People want advanced options. They want digital displays, high-tech safety features, autonomous driving and elegant design. They want the car to seamlessly interact with their smart devices. And with all the bad press global warming and fossil fuels are getting, they don't mind driving an electric car, which thanks to Tesla has gone from geeky and boxy to sleek and sexy.
What may be most shocking is that Tesla, a relative upstart, founded by visionary billionaire Elon Musk, is pioneering this revolution in how we drive, while the other major car manufacturers are still tooling around with combustion engines.
Young people in particular, feel betrayed and left behind by things that are old and traditional. This anger and frustration isn't just being expressed at the ballot box, but it's making its way onto the car lot. A car lot may not seem like a likely place for a revolution, but the automobile is quintessentially American. Americans love their cars and are addicted to them, perhaps more so than any other nation on the planet. It makes perfect sense that millions of Americans will begin voting with their wallets to stage one of the largest coups ever seen in the automobile manufacturing industry.
The good news is that while the older car manufacturers are behind Tesla, they are not likely managed by fools. They should soon begin playing catch-up in the wake of Tesla Motor's news. Tesla's stock price has jumped since February and is pushing $250 per share. As other car manufactures attempt to jump on the electric bandwagon, they will bring more options and competition to he market which will lower prices and make electric cars the norm.
The rein of the gasoline-powered car is coming to an end, and it will be a coup, staged by Tesla, and supported by the people, that will dethrone the old, sleepy giants of the industry. Thanks to Tesla, in a decade we will be driving electric cars with features we can hardly imagine today.
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