Economy

EPA docs reveal how Tesla's long-range Model 3 covers 310 miles

EPA docs reveal how Tesla's long-range Model 3 covers 310 miles

Actually, that makes flawless sense since it was believed that everyone who got their new EVs already was a Tesla Inc. employee, which means they were bound by contract to keep quiet about the Model 3 until every possible issue had been ironed out.

Tesla is counting on the Model 3, its least pricey vehicle, to become a profitable, high-volume manufacturer of electric cars.

Tesla delivered the first 30 Model 3s to employees at the end of July.

What's more, analysts were looking for negative cash flow and capital spending to come in far worse than CEO Elon Musk had previously provided guidance for. That is likely what Musk means by "production hell".

As Elon Musk's sells debt to bankroll Tesla Inc.'s (TSLA) launch of the mass-market Model 3 electric vehicle, he's reportedly asking for a sweetheart deal.

It's likewise fascinating to see how much less the Model 3 weighs compared to the Model S. Weighing in at 3,837 pounds, the Model 3 is nearly 1,000 pounds lighter compared to the 4,647-pound Model S. It's still no light-weight, however that's a considerable distinction. "Let me just say 'yum, yum, '" he began his description. "So - but what people should absolutely have zero concern about, zero, is that Tesla will achieve a 10,000-unit production week by the end of next year", Musk said.

Names-Tesla

Fortunately for Musk, investors can't seem to shower his ambitions with too much money.

The Model Y is particularly important, Musk explained, because the market for SUVs is now larger than the market for cars.

All new versions of the Model S, Model X and Model 3 vehicles will now ship with the new hardware. Currently, the official record for the Model S is at 497 miles (800 km), which is still short of the 621-mile goal. Still, it's clear that at least some of the Model 3's improved range on a smaller battery is courtesy of having less junk in the trunk. In fact, this has turned out to be the opposite situation.

Tesla's first mass market EV, offers two different battery choices - a 50 kWh and a 75 kWh.

Going forward, Tesla investors should continue to keep an eye on all three of these narratives. Model Y, a crossover SUV, is expected to arrive by late 2019 or early 2020.

Meanwhile, the company is burning cash at a rapid rate.

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