Mexican Media Brands
Tesla Model 3 Critic Turns Bullish
A Detroit-area company that panned the part-by-part quality of Tesla Inc.’s Model 3 electric sedan now believes the car can generate a 30% gross profit margin.
#hybrid #economics
Share
A Detroit-area company that panned the part-by-part quality of Tesla Inc.’s Model 3 electric sedan now believes the car can generate a 30% gross profit margin.
Munro also proclaimed the Model 3’s design too costly to build profitably. But now he estimates a 30% profit margin for the car, considerably better than any other electric car currently in production.
Munro says the Model 3 compares well against such EV rivals as the BMW i3 and Chevrolet Bolt. He says he is most impressed with how well Tesla has integrated the car’s electronics. One example: the Model 3’s auto-dimming inside rearview mirror. He estimates the device costs less than $30, one-third as much as a similar mirror in the BMW i3 and less than one-fifth as much as the Chevy Bolt’s mirror.
Bloomberg News says Munro’s new assessment compares with one done in June by Germany’s Wirtschaftswoche business weekly. It concluded that a Model 3 costs $28,000 to build. Tesla says the car’s starting price will be $35,000, although the cheapest iteration is offers now retails for about $52,000.
RELATED CONTENT
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
Ford Simulates Gravity
Although virtual development tools are being used more and more, there are still some things that are done in the real world.
