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Tesla Model 3: The Bigger Opportunity for $TSLA Than the Cybertruck Release
Introduction ($TSLA)
With the recent news that Tesla’s planned update to the Model 3 could be even bigger than the highly anticipated Cybertruck, the electric carmaker is poised to solidify its position in the world of modern transportation. After months of speculation, Tesla has announced revisions to its Model 3 sedan, slated to be delivered on 29 September, 2023.
The new Model 3 promises to be equipped with a longer range battery, more interior space, and an updated version of Tesla’s autopilot system. Additionally, the car will come with more exterior styling options, allowing consumers to customize their vehicles according to their own tastes.
Tesla will likely be offering pre-sale reservations before the official release of the new Model 3. But even without the production of the new vehicle, the Cybertruck has already proven to be a massive success. The electric pickup truck has received over 200,000 reservations, setting a new record for Tesla. The enthusiasm surrounding the Cybertruck will likely continue when it is released in late 2023.
Given the popularity of both the Model 3 and the Cybertruck, it’s safe to say that Tesla is on its way to becoming an even more powerful force in the automotive industry. The new Model 3, when released, could potentially be even more popular than the Cybertruck, as it offers more flexibility and styling options. In addition, its increased range and improved autopilot system could make it even more attractive to those looking for a reliable and efficient electric vehicle.
Overall, the revised Model 3 could be a major success for Tesla. Its release will likely reinvigorate the electric vehicle market and could be even bigger for the company than the highly anticipated Cybertruck. With the new Model 3, Tesla will be able to demonstrate its commitment to innovation and show that it is serious about being a leader in the industry.
Cybertruck vs Model 3
Tesla has been hulling a lot of attention for its upcoming Cybertruck, but a new report suggests that the Model 3 could end up being bigger for Tesla than the electric truck.
In a note to investors, Goldman Sachs analyst Mark Delaney said that the Model 3, which launched in March of 2019, is likely to become the best-selling electric vehicle in the world. Delaney noted that the current version of the Model 3 has already outsold all-electric competitors like the Nissan Leaf, and with a revised version arriving this summer, it could be the “breakout star” that drives the majority of Tesla’s sales.
The new version of the Model 3 is expected to have a longer range, new interior design, and more advanced features. It will also likely come with a more competitive price, making it even more attractive to buyers.
In the note, Delaney estimated that the Model 3 will account for 35% of Tesla’s total sales in 2021, and that it will contribute nearly two-thirds of the company’s global sales by 2025.
With Tesla’s Cybertruck still yet to be released, the Model 3 could be the star of the show for the company this year. As Delaney notes, Tesla’s current lineup of vehicles is “the most attractive electric vehicle portfolio in the world” and the new Model 3 could help keep Tesla in the spotlight.
Most Successfull Vehicle: Model 3
Tesla’s revised Model 3 could be just as important to the company’s future success as the much-hyped Cybertruck. With a more traditional design, the Model 3 has been carefully redesigned to offer a range of improved features, including an extended battery range and faster acceleration. While the Cybertruck may have grabbed headlines, the updated Model 3 could end up being the most important vehicle in the Tesla lineup.
The Model 3 has been one of the most successful electric vehicles of all time, and the new version is expected to be even more popular. With a range of 300 miles on a single charge, and a 0-60 time of 3.1 seconds, it offers a level of performance and value that few other vehicles can match. This new version should help Tesla maintain its leadership in the electric vehicle space and could provide a much needed boost to the company’s bottom line.
Furthermore, the Model 3’s affordability could help it become the vehicle of choice for many potential electric vehicle buyers. With a starting price of around $35,000, the vehicle is much more accessible than the Cybertruck, which is estimated to cost around $40,000. With its more traditional design and lower price point, the Model 3 could become the default option for many buyers.
Ultimately, the success or failure of the revised Model 3 may not be known until the Cybertruck is released in late 2022 or early 2023, but Tesla is hoping that its combination of performance, features and affordability will entice buyers. With its improved range, acceleration and price point, the updated Model 3 could end up being more successful than even the Cybertruck.
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