Elon Musk has sent out an email to Tesla employees that states the current cost of a standard range Model 3 would be around $38,000. This seems to mean that with a 25% margin the car build cost is $30,400. In May, there was an Elon Musk tweet that building 10,000 units per week the cost could go to $28,000. The $28,000 build cost with 25% margin would hit the $35,000 sales price goal.
Elon seems to be asking cost efficiency gains of $2,400 per car to enable selling a base model Model 3 at $35,000.
Ten thousand parts and processes go into the Model 3. This means an average savings of 24 cents per part of process will mean reaching the goal of $35,000 Tesla Model 3 without needing any subsidies.
The lowest price version of the Model 3 that is available now is a $46,000 mid-range model, which gets 260 miles on a single charge. The $35,000 model is expected to get 220 miles on a single charge.
Musk believes Tesla is on target to begin sales of the $35,000 model early in 2019.
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
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