Why Tesla’s March 31st Release Marked A Step Change For Electric Vehicles
On Thursday March 31st, Tesla Motors revealed a prototype of its Model III sedan, which is scheduled to go on sales in late 2017. It is a mid-priced all electric vehicle, with a $35,000 and up price tag and a 215 mile range. Within 24 hours of the event, Tesla reported that it had received 180,000 orders for the vehicle already. And as of press time, the number tops 276,000. This is remarkable, because:
1) That number is higher than the sales of the most popular hybrid electric, plug-in hybrids and all electric vehicles in 2015 combined.
- How Will Tesla’s Earnings Trend After A Tough Q1 Delivery Report?
- With Deliveries Falling And Inventory Piling Up, What’s Next For Tesla Stock?
- Down Almost 20% This Year, Is Tesla Stock Good Value?
- Down 9% Year-To Date, Will A Q4 Earnings Beat Drive Tesla Stock Higher?
- With Delivery Growth Cooling, Is Tesla Stock Still A Buy At $250?
- Following A Lackluster Cybertruck Debut, Is Tesla Stock Overvalued At $240?
2) The revenue that Tesla can potentially generate from these sales is nearly twice as much it made in fiscal year 2015.
Have more questions about auto companies? Click on the links below:
- How Do Automotive Luxury Brands Compare In Their Performance In China?
- How Does GM’s performance vary across geographies?
- How Do Auto Luxury Brands Compare In The US?
- What Is Driving Changes In Ford’s Annual Unit Sales?
- How Much Money Does Ford Make Per Car Sold?
- How Much Has GM Been Investing In Growth Opportunities?
- How Ford’s Unit Pricing Differs Across Geographies?
- How Much Has Ford Been Investing In Growth Opportunities
- Ford’s Overwhelming Dependence On North America
- How Much Profit Does Ford Make Per Unit Sold In Each Geography?
- How Different China Growth Projections Impact Ford’s Bottomline
- How Ford’s Poor Russia Performance Is Obscuring Gains Made In Rest of Europe
- How Careful Targeting of F-Series Sales Helped Ford Boost Its Profits
- How Honda’s Automotive Business Is Faring In Japan
- The Most Significant Trends For Honda Motor Company
- Honda’s Brand Image Is Changing In The U.S.
- How Honda’s Automotive Performance Differs Across Geographies
- How Much Has Honda Been Investing In Growth Opportunities
- How Differing Japan Growth Projections Impact Honda Motor Company
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Tesla Motors
See More at Trefis | View Interactive Institutional Research (Powered by Trefis) Get Trefis Technology