Tech & Science : BMW should be scared of Tesla, according to a survey of 5,000 Model 3 owners - - PressFrom - Australia
  •   
  •   

Tech & Science BMW should be scared of Tesla, according to a survey of 5,000 Model 3 owners

19:02  13 november  2019
19:02  13 november  2019 Source:   businessinsider.com.au

Almost every single one of the 5,000 Tesla Model 3 owners surveyed by Bloomberg said they would buy the car again

  Almost every single one of the 5,000 Tesla Model 3 owners surveyed by Bloomberg said they would buy the car again TeslaModel 3 customers gave the electric sedan near-unanimous approval in a Bloomberg survey of 5,000 owners. Ninety-nine per cent of respondents said they would recommend the Model 3 to their family or friends, and 98% said they would buy the vehicle again. Generating positive word-of-mouth is particularly important for Tesla, since the electric-car maker doesn't use traditional advertising to attract new customers. The company has set quarterly sales records, driven largely by the Model 3, in four of the past five quarters.

BMW should be scared of Tesla , according to a survey of 5 , 000 Model 3 owners . The Model 3 outsold BMW 's 3 Series in the US during 2018 and the first half of 2019, according to company figures and estimates from the electric-vehicle website InsideEVs.

Tesla CEO Elon Musk has been an effective salesman for the electric-car maker's Model 3 sedan, according to a Bloomberg survey of 5 , 000 Model 3 owners . Around 55% of respondents said Musk had an impact on their decision to buy the Model 3 , and 88% of respondents said they had a positive

a red toy car on the road: A Tesla Model 3 sedan. A Tesla Model 3 sedan.
  • Based on the results of a survey of 5,000 TeslaModel 3 owners, Bloomberg concluded that BMW is more vulnerable to competition from Tesla than any other automaker.
  • More respondents traded in BMW vehicles, as a proportion of the company's US market share, for their Model 3 than vehicles from any other brand.
  • And respondents traded in the BMW 3 Series sedan more than any other vehicle aside from the Toyota Prius.
  • While the Model 3 has outsold the 3 Series in the US, BMW still generates higher overall sales and profit margins than Tesla, which has not yet earned an annual profit.
  • Sign up for Business Insider's transportation newsletter, Shifting Gears, to get more stories like this in your inbox.
  • Visit Business Insider's homepage for more stories.

Tesla is too small to make a serious dent in the sales of large automakers like Toyota, but a smaller, luxury competitor could have reason to worry, according to a Bloomberg survey of 5,000 Tesla Model 3 sedan owners.

Tesla is making progress on fixing a big problem with the Model 3 and Model S that put it at odds with Consumer Reports

  Tesla is making progress on fixing a big problem with the Model 3 and Model S that put it at odds with Consumer Reports Consumer Reports now recommends Tesla's Model 3 and Model S sedans because the vehicles have become more reliable, the publication said on Thursday. Tesla moved up in the publication's ranking of the most reliable auto brands, from 27th out of 28 in the last ranking to 23rd out of 30 in the current one. Consumer Reports measures reliability by analysing survey responses from vehicle owners who are asked to list the problems their vehicle has had in the past year and whether they were serious. Tesla's rise in the ranking suggests the company's production quality, which has long been an issue, is improving.

The Tesla Model 3 taken a big bite out of BMW , Toyota and Honda’s business, appealing not just to luxury or climate conscious We asked 5 , 000 Model 3 owners about their previous cars and whether they’ll ever go back to them. It has forever changed my expectations for what a car should be .

survey of 5 , 000 Model 3 owners where, among other things, they gleaned a lot of information about the type of buyers that gravitate towards the Model 3 . Suffice it to Tesla has certainly faced its share of issues as it pertains to vehicle durability and build quality, but the fact remains that Tesla owners

More respondents traded in BMW vehicles, as a proportion of the company's US market share, for their Model 3 than vehicles from any other brand. And respondents traded in the BMW 3 Series sedan more than any other vehicle aside from the Toyota Prius sedan.

Bloomberg concluded that BMW is more vulnerable to competition from Tesla than any other automaker, based on the results of its survey.

Elon Musk said he's excited about Ford's $43,895 Mustang Mach-E electric SUV — here's how it will stack up against Tesla's $39,000 Model Y

  Elon Musk said he's excited about Ford's $43,895 Mustang Mach-E electric SUV — here's how it will stack up against Tesla's $39,000 Model Y Ford unveiled a new electric crossover SUV, the Mustang Mach-E, on Sunday in Los Angeles. Ford will release the vehicle next year. The Mustang Mach-E will start at $US43,895. Tesla's Model Y crossover SUV will be the Mustang Mach-E's most high-profile competition. Sign up for Business Insider's transportation newsletter, Shifting Gears, to get more stories like this in your inbox.Visit Business Insider's homepage for more stories.Ford unveiled a new electric crossover SUV, the Mustang Mach-E, on Sunday in Los Angeles.

Bloomberg surveyed 5 , 000 Tesla Model 3 owners and concluded that BMW has something to worry about. The percentage of BMWs that ever get anywhere near a track is minuscule. The truth is that BMW owners and leasers skew smack into that male, 35-50 demo, while Mercedes' customers are

At , 000 dollars, the Model 3 is the most affordable Tesla to date. And with its 220 mile range, 126 MPGe, and 0-60 time of 5 . 5 seconds, it’s model 3 mpg elon musk model three model 3 owners club tesla model 3 mpg model 3 production electric vehicles model 3 tesla model 3 review tesla

"No one has been hurt more by Tesla's success than BMW," the publication wrote.

BMW did not immediately respond to Business Insider's request for comment.

The Model 3 outsold BMW's 3 Series in the US during 2018 and the first half of 2019, according to company figures and estimates from the electric-vehicle website InsideEVs. And the Model 3 commands a higher average price ($US50,528) than the 3 Series ($US46,477), according to Bloomberg's estimate and data cited from Edmunds.

But BMW still outsells Tesla overall, both in the US and globally, and earns much higher profit margins than the electric-car maker, which has not yet made an annual profit.

In a column about Bloomberg's survey, Business Insider's Matthew DeBord cited BMW's healthy profit margins, wide variety of vehicle offerings, and stable US market share as reasons why BMW is not threatened by Tesla.

"BMW doesn't have a Tesla problem," DeBord wrote.

A Tesla Supercharger station caught fire at a Wawa in New Jersey

  A Tesla Supercharger station caught fire at a Wawa in New Jersey A TeslaSupercharger station at a Wawa store in Parsippany, New Jersey, caught fire on Sunday, CNBC's Lora Kolodny reported. A Wawa representative told CNBC that there was a problem with the store's Supercharger cabinet, which supplies power to the Supercharger stalls. A Wawa representative told the Philadelphia Inquirer in August that it had TeslaSupercharger stations at 16 of its stores and planned to double that number by the end of 2020. Tesla's Supercharger stations are a key part of the eletric-car maker's strategy to make electric-vehicle ownership easier for customers.

Tesla 's Model S has already been putting pressure on Toyota's Prius, thanks to a large overlap in environmentally conscious customers. I'm Not the Only One Who Thinks Toyota and Honda Should Be Scared of Tesla 's Model 3 @themotleyfool #stocks $TSLA $TM $HMC.

News of the Model 3 ’s impending arrival came as Tesla announced its fourth-quarter earnings, along with plans to invest upwards of billion into upgrading its factory to No details were given as to any specific figure for the July launch, though Tesla committed itself to building 5 , 000 Model 3 sedans a

Read the results of Bloomberg's survey here.

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:
  • Here's why the Tesla-BMW comparison doesn't make business sense
  • Elon Musk says the UK lost out on Tesla's new Gigafactory because of Brexit
  • Elon Musk has been an excellent salesman for Tesla's Model 3, according to a survey of 5,000 owners
  • A Tesla Gigafactory worker got part of his finger cut off. The company reportedly failed to tell regulators about it.

Musk unveils 'bulletproof' electric Tesla truck, but window cracks .
A sledgehammer swung at the door had no effect, but when a metal sphere was hurled against the window, it shattered. "Room for improvement," Musk joked.Tesla CEO Elon Musk rolled out an electric "Cybertruck" at a launch event on Thursday, and sought to show off the vehicle's sturdiness but the test hit a bump in the road.

—   Share news in the SOC. Networks

Topical videos:

usr: 0
This is interesting!