I'm glad a lot of people heard something different from what I heard. Elon doesn't seem to like playing games in general, which is why I would have expected him to answer simply "Yes we'll show the car" if he was sure they would.
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I'm glad a lot of people heard something different from what I heard. Elon doesn't seem to like playing games in general, which is why I would have expected him to answer simply "Yes we'll show the car" if he was sure they would.
Elon's answer also surprised me--I would have also expected an unambiguous response. Perhaps is does not occur to him that no showing the car is an option, so his perspective is purely around how much of the car to reveal.
Does anyone have the transcript so we can settle this? FWIW, my opinion is that they are showing the car. Literally makes no sense not to. But I only heard a portion of the question. My opinion aligns with the latter quoted statement.
Gerardf
Active Member
The form 10Q should confirm Model-3 alpha and/or beta protoype being ready in the CEO grant section.
EldestOyster
Member
We located the question and answer occurring at 57:30 in the call (asked by Ben Kallo). I'll also add that "not showing all our cards" is something EM talked about in a previous call, when we were anticipating the release of the Model X. So, this was familiar language.
hockeythug
Active Member
Recording of the call is now on ir.teslamotors.com for those who missed it.
http://ir.teslamotors.com/events.cfm
http://ir.teslamotors.com/events.cfm
Snow Drift
[Off-Road Assist] Activated
They wouldn't have an event to release a picture. That would just require a press release. Referral Program winners got tickets to the M3 event, it's an unveiling. Elon is just saying the they don't want to give away information a good 1.5 years early as competitors could copy them. Many times concept cars are more design study than production ready. The MX was a concept car, but luckily true to life. The M3 could keep many details a secret, but give away just enough to get preorders.
lolachampcar
Well-Known Member
Sudre
Active Member
It sounded to me that they may do a SIG version for the Model 3. EM was pretty clear they are going to sell the higher optioned 3's first to pay off costs. What do you all get off that?
Mentioned around the 49 minute mark.
Mentioned around the 49 minute mark.
As Model 3 is a much higher volume vehicle, I wonder if the number of sigs could be higher too? Perhaps 5000 or even 10000 for each of US and Europe.
lolachampcar
Well-Known Member
What will be most interesting for me is to see where the second hand market is by that time. An 8 year battery/power train warranty will make a four year old MS very attractive when compared to a new optioned M3.
I was a bit surprised by Elon's response to the question about M3 pulling from MS sales. He returned to the Seven versus Three series analysis which may be true but it does ignore the not insignificant number of people that post about MS being the most expensive car they have ever purchased along with something like "I never thought I would pay this much for a car". I think MS is unique to a point where it does pull some number of sales from outside its "class". It is impossible to know now as there is no Three series to the Seven series that is MS.
I was a bit surprised by Elon's response to the question about M3 pulling from MS sales. He returned to the Seven versus Three series analysis which may be true but it does ignore the not insignificant number of people that post about MS being the most expensive car they have ever purchased along with something like "I never thought I would pay this much for a car". I think MS is unique to a point where it does pull some number of sales from outside its "class". It is impossible to know now as there is no Three series to the Seven series that is MS.
Ulmo
Active Member
Yes. I'm still amazed how much waste of time goes into explaining how product development and manufacturing startup works financially; isn't that a well known model that financial types would understand really well? But anyway they go through it so that's fine and it's dealt with so no harm no foul, but it gets nuisansome and probably detracts from more useful queries.
Ulmo
Active Member
He's clearly aged about two decades in the last half decade. I've been calling for him to delegate more. I'm hoping he got over the hump with Space X & Model X; you can sort of hear a sigh of relief in how he talks. Now, he's rolling in it with the GigaFactory and Model 3, so he's sounding relatively upbeat compared to the tightness he's adopted for the whole Model X thing.
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It's an English expression about card games: how much to publicize (advertise) vs. how much to strategically keep secret for advantage.
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Yes, but as I'm looking at that right now, I'm weighing warranty costs too! I've already decided on an S or X, but to someone considering a new 3 vs used S, the warranty cost difference (as in repairs not under warranty on an old S vs. all in covered on the new 3) would be HUGE.
Todd Burch
14-Year Member
Hopefully the extreme challenges of developing Model S and X will have taught them enough lessons to make Model 3 a relative breeze.
Snow Drift
[Off-Road Assist] Activated
Me too. I get his point about most people cross shopping A 7-series against a 3-sereis, but I think that does not hold with Tesla, since here is only one model of sedan. I cannot image M3 not cannibalizing the MS, and not just because of price, but for folks that want a smaller car. Plus, I think a P70DL Model 3 would be insane.
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You would think, but until the last couple of calls, they had to explain rev rec and built vs delivered every single call, so...
Snow Drift
[Off-Road Assist] Activated
Model S owners will buy the M3 for their kids. It will not be cross-shopped by most buyers. Totally different demographic. It is only comparable currently since the tech is so new. Down the road it won't be an issue of cannibalization.
Elon said they are making the M3 for easier production.
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