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Tech & Science Elon Musk said he wishes Tesla's Model 3 were cheaper, even though customers weren't that interested in its least expensive version

06:25  30 october  2019
06:25  30 october  2019 Source:   businessinsider.com.au

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Tesla CEO Elon Musk said during a June deposition that he wishes the electric-car maker' s Model 3 sedan was less expensive . A few weeks after the move, Musk said customers hadn' t shown much interest in the ,000 Model 3 . "I mean, our goal, as we've been very clear about from the

Consumer Reports withdrew its recommendations for the Model 3 and Tesla ' s Model S sedan due to reliability issues, and the publication does not Read more: Elon Musk said he wishes Tesla ' s Model 3 were cheaper , even though customers weren ' t that interested in its least expensive version .

Elon Musk holding a sign: Tesla CEO Elon Musk. Tesla CEO Elon Musk.
  • Tesla CEOElon Musk said he wishes the electric-car maker's Model 3 sedans were less expensive in a June deposition obtained by PlainSite, an organisation that advocates for transparency in the US judicial system.
  • At the time of publication, the Model 3 is listed at $US39,490 on the Tesla website.
  • Tesla had previously included a trim that started at $US35,000 online but removed it from its website in April, saying customers could order it only by phone or in one of the company's stores.
  • A few weeks after the move, Musk said customers hadn't shown much interest in the $US35,000 Model 3.
  • Visit Business Insider's homepage for more stories.

Tesla CEO Elon Musk said during a June deposition that he wishes the electric-car maker's Model 3 sedans were less expensive. The transcript of the deposition was obtained by PlainSite, an organisation that advocates for transparency in the US judicial system.

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Musk said this month that the decline in Tesla ' s solar sales was temporary, and that he expects the company's energy business to eventually grow faster Elon Musk said he wishes Tesla ' s Model 3 were cheaper , even though customers weren ' t that interested in its least expensive version .

Tesla CEO Elon Musk repeatedly expressed his frustration with a lawyer interviewing him during a June 1 deposition, calling him "a shameful person" and other insults. Read more: Elon Musk said he wishes Tesla ' s Model 3 were cheaper , even though customers weren ' t that interested in its

"I wrote in 2006 the master plan for Tesla and step three was an affordable car, at least reasonably affordable. It's not as affordable as we would like," Musk said of the Model 3.

Tesla did not immediately respond to a request for comment.

At the time of publication, the Model 3 is listed at $US39,490 on the Tesla website. The company had previously included a trim that started at $US35,000 but removed it from its website in April, saying customers could order it only by phone or in one of the company's stores. A few weeks after the move, Musk said customers hadn't shown much interest in the $US35,000 Model 3.

"I mean, our goal, as we've been very clear about from the beginning of the company, is to make our cars as affordable as possible. And we felt it was important to offer the $US35,000 Model 3," Musk said during Tesla's first-quarter earnings call.

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Tesla is even more conservative on its website, which says the base model will be available in four The company said in its second-quarter earnings letter this year that it expected to post consistent While Tesla gets more leeway from customers over quality issues than other brands, Anand said

By December, he said , he expected the newer models to reach parity with the older vehicles. Musk said the software was being built Tesla ’ s self-driving announcement is the latest in a series of efforts over the last few months by Musk to maintain investor interest in Tesla as its stock price has fallen.

"We see very few people actually taking us up on that $US35,000 offer, but it is there and will remain there," he added.

The first deliveries of the $US35,000 Model 3, which happened in April, were a landmark for Tesla. The company says its mission is to "accelerate the world's transition to sustainable energy," and in a 2006 blog post, Musk described one of Tesla's long-term objectives as using the proceeds from high-end electric cars to fund the development of affordable models.

Musk would later frame the Model 3 as the fulfillment of that goal, and the hundreds of thousands of preorders Tesla received for the Model 3 suggested demand for electric vehicles extended beyond early adopters willing to pay luxury prices.

Tesla began delivering high-end versions of the Model 3 in July 2017 but struggled to hit production targets for the next year amid excessive automation at its Fremont, California, assembly plant. As the company smoothed out its production process, Musk said it needed more time to make the $US35,000 Model 3 profitably.

Jaden Smith asked Elon Musk for advice on starting a company. Musk was shocked when Smith said he wanted to sell water.

  Jaden Smith asked Elon Musk for advice on starting a company. Musk was shocked when Smith said he wanted to sell water. Jaden Smith asked Elon Musk for advice on starting a company, Musk said in a June 1 deposition. The transcript of the deposition was obtained by PlainSite, an organisation that advocates for transparency in the US judicial system. When Smith told him he intended to sell water, Musk was incredulous. Smith's company, Just Goods, which he cofounded with Drew FitzGerald, sells water bottles made mostly from paper and plant-based plastic.

The Elon Musk Tracker. Tesla Model 3 Tracker. “Demand for Model 3 is not going to be a constraint for quite a long time,” Tesla said in its third quarter letter to shareholders. Still, of the 20 Model 3 customers Bloomberg News surveyed, only two were even considering canceling their reservations.

Thiel, who helped build PayPal along with Tesla CEO Elon Musk , recently published a book, Zero To One Thiel notes that Tesla has been able to do things that no other company has done or could do, by General Motors has even created a task force to track Tesla ’ s next moves.” The Model S has

Musk's June deposition was part of a lawsuit filed by Tesla shareholders alleging that the members of Tesla's board of directors, which included Musk at the time, acted in their own best interests, rather than in those of Tesla's investors, when they approved Tesla's $US2.6 billion acquisition of the solar-panel company SolarCity in 2016.

Read the relevant portions of the deposition document below:

Elon Musk Deposition -Sola... by Bryan Logan on Scribd

Are you a current or former Tesla employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can ask for more secure methods of communication, like Signal or ProtonMail, by email or Twitter direct message.

  • Read more:
  • Elon Musk said he probably wouldn't support Tesla's controversial SolarCity deal if he could go back in time
  • Elon Musk said Tesla only makes the Model S and Model X for 'sentimental' reasons. Here's why I'll miss them if they go away.
  • Tesla reveals the latest version of its solar roof, aims for 1,000 installations per week within a few months
  • Tesla starts selling China-made Model 3 with Autopilot function

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SpaceX and Tesla CEO Elon Musk tweeted some maths for how long he thinks it would take SpaceX to transport the necessary materials to Mars to build a self-sustaining city. Musk said it would take 1,000 of SpaceX's Starship rockets 20 years to transport the cargo.Musk has a history of bombastic claims about his hopes to colonise Mars, once outlining a plan to nuke the planet's atmosphereVisit Business Insider's homepage for more stories.Elon Musk has made another grand claim about his plans to colonise the red planet with his space exploration company SpaceX.

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