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>The cheapest Model 3 price is within the ASP of the average US car, and it is good value. The average, sure. But nowhere near the median. Average prices in th
by aphextron 6y ago
>The cheapest Model 3 price is within the ASP of the average US car, and it is good value.
The average, sure. But nowhere near the median. Average prices in the US are heavily weighted by pickups and luxury sales. The median for new buyers is somewhere around $25k [0]. The cheapest Model 3 you can actually buy is still ~$40k without incentives. That's an $800 car payment - firmly in luxury territory. It won't be until the average joe can buy a 60kWh electric car for a $200 payment with a couple thousand down that EVs will go mainstream. At $80/kWh there's no reason Tesla couldn't do this right now.
[0] https://www.concannonbc.com/how-much-does-a-typical-american-actually-pay-for-a-car/ https://www.concannonbc.com/how-much-does-a-typical-american...
- pil4rin 6y agoWhat would be the incentive for this? There is still a heavy demand for cars 30k+, why would they stop doing that for a cheaper car when they are selling every car they are producing at a higher profit? This is currently an issue of manufacturing capacity, accompanied by a demand curve the 3 set in place.