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Tesla Daily: Tesla News & Analysis

Performance Model 3 Price Dropped to $64k, Other Design Studio Changes (06.27.18)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.8 β€’ 1.1K Ratings

πŸ—“οΈ 27 June 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

– Tesla has lowered the base price of the Performance Model 3 from $78k to $64k
– Other significant Design Studio updates

Links:
Email > tesladailypodcast@gmail.com
Twitter > @teslapodcast
Patreon > patreon.com/tesladailypodcast

Executive producer Jerome Jorden
Executive producer Rob Gill
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock

The post Performance Model 3 Price Dropped to $64k, Other Design Studio Changes (06.27.18) appeared first on TechCast Daily.

Transcript

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0:00.0

Hello and welcome to the Wednesday June 27th

0:09.6

2018 edition of Tesla Daily on Official Tesla Podcast.

0:13.0

My name is Rob Mauer. Today we are talking about all the changes that were made to the

0:16.2

Model 3 configuration process last night.

0:18.6

Tesla stock on Tuesday finished up 2.70% to $342 even, this compared to the NASDAQ up 0.39%.

0:26.5

About half of that increase on the day came prior to Elon tweeting about the Tesla

0:31.7

pickup truck coming in the future. He was soliciting

0:34.0

product design ideas on Twitter and after he was tweeting about that the stock

0:37.8

then sharply jumped a little bit towards the end of the day. We're going to put that on the

0:41.8

back burner for now because that is a project that is probably at least four years out and we've got important news to discuss here for the short term.

0:48.0

Last night, Tesla updated the Model 3 design studio for those that have been invited to configure and we have some

0:54.0

pretty significant changes. Most notably the base price of the performance

0:58.0

all-wheel drive model 3 has gone from $78,000 previously to $64,000 now.

1:04.1

This was achieved by a combination of lowering the price

1:06.8

as well as decoupling some of the options

1:08.9

that had previously been standard and required

1:11.1

for the Performance model three.

1:12.8

Those decoupled options now fall within a performance package that is $5,000.

1:17.0

That includes the 20-inch sport wheels.

1:19.0

Michelin Pilot 4S sport tires, the carbon fiber spoiler, aluminum alloy pedals, and performance red brake

1:26.0

calipers. While the premium interior is still required and included in that base price,

1:30.4

the white interior is now an additional $1,500 option.

...

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