Tesla Model 3 – Australian Price Prediction / Comparison / Estimation

 

Tesla Model 3

Tesla Model 3
Image source: Tesla

The Model 3 name for Tesla’s upcoming all-electric vehicle wasn’t their first choice. They wanted it to be called Model E, but Ford held the trademark to the name. Tesla also wanted to have a logo with three horizontal bars but Adidas fought them for the trademark. However, apart from the trademark hiccups, Tesla engineers are still hard at work and the Model 3 is set to be the first all-electric car to be mass produced.

The first Model 3 vehicle is expected to come off the assembly line on July 7 and production of the vehicle will grow exponentially over the next coming few months. The company will throw a handover party for its first 30 customers. To date, Tesla has received more than 400,000 pre-sale orders for the vehicle.

Buzz Around the Model 3

Tesla is known for building high-end and expensive electric cars. However, with the Model 3, they deviated from that a bit. To many, it is a welcome deviation. The Model 3 is meant to be an affordable electric vehicle for the masses. It may come with trimmed down high-end specs, but it is already causing a buzz. This is evidenced by the huge amount of pre-orders.

Specs and Confirmed US Pricing

Before we get ahead of ourselves and crown the Model 3 as the king of the electric cars, we need to do a comparison of its specs and pricing. This is the only way we can know if buyers are getting a good value for their money or not.

The Model 3 will have what people like to call a nude dashboard. It will be quite weird for most people who are used to watching the speed on the dashboard. It comes fitted with a 15” centre touchscreen that will control everything in the car. The dashboard certainly looks like one from the future. Frankly, the Model 3 promises to be the future or the foundation upon which the future of mass-produced electric cars will be built.

Tesla Model 3 Dashboard

Tesla Model 3 Dashboard
Image source: caradvice.com.au

When it comes to electric cars, the issue of range is mostly at the top of the list. When fully charged, you can drive the sedan for 215 miles (approximately 346 kilometres). It is always best to charge it when you are at home. If you are going on a long trip, you will need to use superchargers located along popular routes. Supercharging for 30 minutes can give you a driving distance of 170 miles. Its acceleration is great. It accelerates from zero to 60 mph in less than 6 seconds. The model 3 will come equipped with the autopilot feature but you will have to pay to unlock them.

In style and design, the car does not vary much from its predecessors. It certainly looks like a Tesla car with minor changes and improvements. The rear roof is made of long glass. Now we come to the factor that determines whether you will own one or not. Price. The Model 3 has an entry price of US$35,000 before any incentives. Unfortunately, the vehicle is expected to reach the Australian shores in around 2018.

Number Crunching & Australian Price Estimate

I’ve updated this a few times now based on the feedback I’ve received on social media, namely Facebook and LinkedIn.

So with a little bit of data-driven Google Sheets work, you can see that the Australian price for the base version of Tesla Model 3 might come in at around $57,333 (AUD). All prices above are based on the drive away price (for NSW).

Model 3 A, Model 3 B, Model 3 C are just temporary names I’ve given to the possible 3 variants of the Tesla Model 3, if it were to follow the Model S and Model X.

You can view my spreadsheet on Google Sheets here.

 

 

Comments

  • Wes

    July 5, 2017 at 12:18 pm

    Great idea,
    The reason the “AUD price % more expensive” grows with the USD price, is because the Luxury Cart Tax in Australai kicks in agressively for higher sticker prices on imported vehicles.
    As such, the cheaper model 3, will have much much less LCT and thus should be at the lower end of, or below, your range.

  • Francis Kim

    July 5, 2017 at 12:42 pm

    Thanks for the input Wes! I did not know that, I’ll have to update the numbers a bit tonight.

  • Francis Kim

    July 5, 2017 at 1:59 pm

    Updated!

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