Wait times for a Tesla have been drastically reduced
Tesla
Just in time for Christmas, Tesla's wait times are considerably shorter. Model S or Model X Plaid have estimated delivery dates from November to December, as do the Performance variants of the Model 3 and Model Y. So, there is plenty of time for Santa to drop one off in the driveway with a big bow. Not only that, but several areas also have Model Ys and Model 3s available right now.
It's in stark contrast to a few months ago when some buyers reported wait times of up to a year. This new situation could be viewed two ways. Tesla has achieved much better production times to keep those wait times lower, or demand has slowed for the vehicles.
Piecing together the company's headlines from the past year and you spot a few themes, production has been ramping up, there is now an abundance of batteries, and the shipping bottlenecks appear to be solved. The Model Y, which Elon Musk says will be the best-selling vehicle in the world in 2023, has been the focus of the Gigafactory in Texas. On October 30, the company tweeted Giga Texas had produced 20,000 Model Ys. The tweet came just 43 days after announcing the factory had reached 10,000.
In September, Tesla's vice president of investor relations gave a private presentation to Goldman Sachs. Martin Viecha was quoted by the Business Insider saying, "For the first time I can remember, we can access all the supply we need for both businesses." The businesses are vehicles and Powerwalls. So, getting the single most crucial component in an electric car is no issue.
However, dropping demand for several months to just a few weeks could also indicate fewer orders. The reigning king of the electric vehicle space has had a lot more company in the past year. Every automaker worldwide has been tripping over themselves announcing electric vehicles. Tesla had a ten-year head start on the competition, which started right after the first Model S was delivered in 2012. Now consumers have more choices, and some loyal to a brand can switch to electric while remaining with that same brand. While Tesla creates the best electric cars on Earth, they only have four models available to pick from, which may not fit everyone's needs.
Tesla has also recently stopped allowing buyers to hold off on an order when it's their turn to complete the purchase. You. used to be able to put off orders, but you're now limited to a one-time hold of up to seven days. At that point, you'll need to go through with the purchase or forfeit your place in line.
This change to Tesla's policy may also have played a role in reduced wait times.
Another factor that may be playing a role is the new U.S. tax credit that begins in 2023. Many reservation holders may be putting off their orders or canceling them in order to qualify for the upcoming tax credit.
While most vehicles are available within weeks, the Model 3 long-range is still unavailable for order. However, the website says it will be available in 2023. Keep in mind this doesn't include the Cybertruck, which will start to be delivered next year. Those wait times have been long.
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Electric truck survey was completed by AmericanTrucks.com
AmericanTrucks.com
Oh, the irony! American truck drivers are all revved up for electric trucks, yet they can't wrap their heads around the idea that the Tesla Cybertruck is a "real" truck. Sounds like a classic case of a truck identity crisis!
A recent survey by American Trucks delved into the opinions of truck drivers in the United States about electric trucks, revealing a sizable number of them are considering going electric. However, an interesting finding from the survey is that many truck drivers don't see the Tesla Cybertruck as a "real" truck.
The survey aimed to gauge the excitement around electric pickup trucks and understand the preferences of both truck owners and non-truck owners. Electric vehicles have been gaining popularity, but electric pickup trucks have taken longer to enter the market. With more models becoming available, American Trucks sought to identify which ones generate the most interest.
Truck Drivers are Ready for Electric
According to the survey's results, 35% of truck drivers are thinking about transitioning to electric trucks within the next decade, with most planning to do so within the next five years. The electric pickup models that have captured their attention include the Ford F-150 Lightning, Tesla Cybertruck, Chevrolet Silverado EV, Toyota Tacoma EV, Rivian R1T, GMC Sierra EV, and Canoo Pickup Truck.
Drivers' slower adoption of electric trucks can be attributed to valid concerns. While range anxiety is becoming less of an issue for most passenger vehicles, it is still significant for truck drivers who use their vehicles for heavy-duty tasks like towing. Electric trucks' range can be affected under these conditions, leading to driver hesitancy.
Cybertruck Gets the Attention
Interestingly, when the survey shifted its focus to non-truck drivers, the Tesla Cybertruck emerged as the most anticipated electric pickup. This finding suggests a difference in perception between truck drivers and the general public, who might be more attracted to Cybertruck's futuristic design and unique features.
Despite the Cybertruck's popularity among non-truck drivers, 56% of the truck drivers surveyed don't believe it is a "real" truck. The reasons for this perception remain unclear, but it could be due to the unconventional design, the vehicle's specifications, or other factors that might not align with traditional truck drivers' expectations.
Electric truck survey was completed by AmericanTrucks.com
AmericanTrucks.com
Production Concerns
Tesla has announced plans to begin Cybertruck production this summer, but many truck drivers surveyed believe it will be at least two years before it becomes widely available. Their skepticism might also be influenced by Tesla's track record of production delays and the fact that there are already around a million reservations for the Cybertruck.
Truck drivers are seeking longer ranges, increased availability of charging stations, and faster charging times before they fully commit to switching to electric trucks. These factors play a crucial role in ensuring that electric trucks can be effectively used for work purposes, just as their gasoline-powered counterparts have been for years. It will be interesting to see how perceptions change and whether the Tesla Cybertruck can eventually win over the hearts of traditional truck drivers.
Tesla's Model 3 Long Range may be set to make a comeback
Not a Tesla App
Tesla halted production of the immensely popular Model 3 Long Range last summer due to an overwhelming backlog of orders extending well into 2023. This move left customers with only the base, rear-wheel drive version and much more expensive performance version of the Model 3 available for purchase.
However, recent developments suggest that Tesla might soon begin accepting orders for the Model 3 Long Range once again. One of our readers, Jake Bercic, pointed out that the price of the Long Range Model 3 has appeared on a Canadian Tesla support page. The price appears among other Tesla models, which all reflect current pricing.
Update: It looks like Tesla has kept the Model 3 Long Range model on this support page, and they updated the pricing in January 2023.
The prices displayed on the Canadian support page for the Long Range Model 3 are:
Rear wheel drive: $54,990 CAD (this version in the US: $42,990)
Dual motor Long Range: $67,990 CAD (equal to approximately $49,700 USD)
Performance: $72,990 CAD (this version in the US: $53,990)
Project Highland and New Price
The possible return of the Model 3 Long Range comes amidst speculation of Tesla's Project Highland - the refreshed Model 3. We recently uncovered more details about Project Highland. The possible reintroduction of the Model 3 Long Range, coupled with Project Highland, could signal a new chapter in Tesla's EV dominance. By bringing back a highly sought-after model and potentially introducing a new and improved version, Tesla continues to demonstrate its commitment to innovation and meeting the increasing demand for electric vehicles.
The possible reintroduction of the Model 3 Long Range, coupled with Project Highland, could signal a new chapter in Tesla's EV dominance. By bringing back a highly sought-after model and potentially introducing a new and improved version, Tesla continues to demonstrate its commitment to innovation and meeting the increasing demand for electric vehicles.
Tax Credits
This development is particularly noteworthy, as the Model 3 Long Range's previous price of $57,990 USD, made it ineligible for the new US tax credit for electric cars. With the new regulation, a price cap of $55,000 applies to passenger car models, and $80,000 for SUVs and pickups. That means all Model 3's are eligible for the $7,500 tax credit.
The halt in Model 3 Long Range production came after Tesla CEO Elon Musk warned about potential order freezes due to a sharp increase in demand for electric cars in several regions of the United States. Musk had stated that once Tesla increased production, the model variant would return to the market. Now, it seems that the time for its return might be near.
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