Elon Musk: "At Tesla We Don't Make Slow Cars" - Electric Tesla Model 3 Unveiled.
"At Tesla we don't make slow cars" - Elon Musk said at the unveiling of the Tesla Model 3 and he can add: "and we sell them fast as well!" Bloomberg reports that in the first 24 hours Tesla Motors has already 115,000 reservations for this mass market electric car with "at least 215 miles range on a charge."
Now we can really talk about the mass market for Electric Cars. There are only 2.1% of cars being sold in the U.S. last year which are priced above $75k, so Tesla Model S and X were disrupting only this very small high-end segment of the market. But almost 35% or 5.5 millions cars were sold with price tag around $35k where Tesla Model 3 is priced before incentives. Now Elon Musk will be going after third of the U.S. market potentially. When you take incentives into the account we are getting closer to my magic 20/200 formula when all cars will be electric!
Tesla Model 3 basic will make it 0-60 mph in less than 6 seconds and there will be a faster versions, all cars will be "prewired" with autonomous driving hardware and all safety features. Tesla Model 3 seats 5 adults comfortably and with full glass roof provides "the roomiest experience" of the similar class cars according to Elon. All cars will be Superchargers ready! Elon promised that number of Superchargers will double by the end of the next year and number of destination chargers will quadruple.
Tesla Model 3 Unveiled - electric car with 215 miles range for mass market!
Watch the Event: https://model3.tesla.com/#
All good things take time, care and patience. Lithium Technology is here and Energy rEVolution is coming next to you with GM Bolt and Tesla Model 3 igniting the mass market for electric cars. Tune in today to see the future with Tesla Model 3 being unveiled. People are camping outside Tesla showrooms just to make the reservation! Netherlands is going to sell only electric cars after 2025 and India is talking to go full electric by 2030. It is all about lithium technology making batteries better and cheaper every year. And now smart phones on wheels will be taking out streets one by one.
Slowly, but surely we are building our Vertically Integrated Lithium Business with Ganfeng Lithium with our J/V projects in Ireland and Argentina. Now it is time for Canada to shine and that wind for our sails I was talking last Fall about is coming. We have survived during the storm on the sand bank, now we know what to do when the tide is coming. I welcome all our new Partners to International Lithium, fasten your seatbelt, we are moving forward. Read more."
Disclosure: I am/we are long TRRXF, ILHMF.