InsideEVs: Close to the Model 3 reveal, Tesla officially re-confirms $35k pricing.
InsideEVs reports, that rumours that Tesla Model 3 will not be unveiled in Geneva at the very beginning of March, as it was reported by Elon Musk before, are true. Now we will learn more about Tesla Model 3 "only" at the end of March. But we have more important news today: it is great to see that the pricing before the incentives is confirmed at $35k. Let's the first price wars for electric cars begin between GM Bolt and Tesla Model 3. This aggressive pricing means that in U.S. Tesla Model 3 will be sold below $30k and in some U.S. states even as low as $22k! Colorado will be that magic place to go and buy Tesla where you will get $6k of state tax credit on top of $7.5k federal tax credit. We are getting very fast in this lithium race to my magic 20/200 formula for the mass market for EVs.
"We are entering into the new phase of The Next Industrial rEVolution, when electric cars will grow exponentially from the very low base of 0.8% of total sales in the world. Just in China alone 26 companies are now making 51 models of electric cars. China has become the largest lithium market in the world, moves to claim the largest lithium battery market next and will become the largest electric cars marker in the world this year. Lithium is the magic metal at the very heart of this Energy rEVolution."
International Lithium is building vertically integrated lithium business with Ganfeng Lithium. Read more.
"The Salt Lake Tribune gives us today a very good summary of what we already know about Tesla Model 3 and I will provide a few links to show why this Lithium Race to mass market for electric cars is picking up speed and we have reached the point of no return. Lithium is the magic metal at the very heart of this Energy rEVolution and cheap lithium batteries change everything. Read more."
"The price is right. The base model will cost $35,000, reportedly before government incentives, which in the United States range from $7,500 to more than $13,000, depending on the state."