Recently, news about the Tesla Model 3's pricing leaks has been debunked by Auto World News. Today, the focus will be the Tesla Model 3 delivery schedule and why experts predict its delays.
Many are aware that the Tesla Model 3 is the car that could make or break Tesla. Sadly, recent reports about the Model 3 suggest that the much-anticipated vehicle could fail even before it hits the market.
It is the mass-market electric car meant to transform Tesla into a mainstream automaker. It is also the key to helping divest Tesla's branding as a luxury car maker.
When Elon Musk first unveiled the Tesla Model 3 a year prior, he revealed that the base model is already impressive enough on its own. It is probably the best electric vehicle one can buy for $35,000.
Add in some options, and the potential of the Tesla Model 3 is practically unbeatable. With this pitch, approximately 375,000 customers had already deposited $1000 for the Model 3.
The Tesla Model 3 is good enough for buyers to drop a thousand bucks even before the production of the car started. According to Elon Musk, the first deliveries of the Tesla Model 3 will begin in Q4 this year.
However, according to LearnBonds.com, the anticipated Model 3 might be a bit behind schedule. According to Tesla's 10-K filing with the United States Securities and Exchange Commission (SEC) on March 1, the firm might be behind schedule in the development. The 10-K filing reads:
"We expect that the next performance milestone to be achieved will be the successful completion of the Model 3 Beta Prototype, which would be achieved upon the determination by our Board of Directors that an eligible prototype has been completed. Candidates for such prototype are among the vehicles that we are currently building as part of our ongoing testing of our Model 3 vehicle design and manufacturing processes."
The statement above somewhat suggests that Tesla is yet to "complete" a "beta prototype" for the Model 3 as of March 1. Several analysts also expect the Tesla Model 3 to be delayed. LearnBonds wrote on their website:
"Goldman Sachs expressed worry about Tesla's ability to meet Model 3 delivery deadlines. The analysts observed that "Tesla currently has a lead relative to OEM peers... our concerns are more near-term oriented with respect to operational execution on the Model 3 launch, and cash needs." The analysts also noted that "ultimately we see a delayed launch" for the Model 3 because "operational execution is still unproven."