Tesla Model 3 depositors staying put as wait in line lengthens - powerwall battery

Brian Lawley, one of the first people to book Tesla Model 3, stood for a long time in March 2016 and put $2,000 into more than one but two bookings.
After nearly 20 months, he won't go anywhere. -
Although the waiting time is getting longer and longer.
"I just want Tesla to get the Model 3 done, even if they need an extra six months," said Laurie, 53 . ".
"To ensure good quality, I think any delay is a good thing.
"Laurie is not alone.
Although companies led by Elon Musk struggled with manufacturing bottlenecks and delayed production targets for at least one quarter, many booking holders have not changed.
Bloomberg News contacted 20 consumers named Model 3 who paid the deposit and no one canceled the order.
Regardless of the slowdown in output and the uncertainty in the future of the United StatesS. electric-
Romit Shah, analyst at Nomura Securities, predicts that the car tax credit will give priority to Tesla products.
Shah wrote in a report to customers: "We believe there is a real passion for the brand . " The report reiterated Tesla's price target of $500, the highest on Wall Street.
"It's more important than loyalty, because passion comes mostly from people who never owned Tesla.
The only comparison we see is the iPhone.
"Tesla announced this month that it will not reach the productivity of 5,000 Model 3 cars per week until now ---
Not December, as originally planned. -
The booking Holder said that they had received the notice and that the delivery date they had already blurred would be delayed.
Laurie, CEO of a consulting firm, said he now hopes to get his first Model 3, which will take longer
Around January, the battery was charged 310 miles each time, about a month later than expected.
The second car, double.
Although Tesla's schedule already knows it will slip away, the car version may not arrive until the end of 2018.
"It seems to me that people will be willing to wait because they never get a set delivery date," Edmunds analyst Jessica Caldwell said in an email . ".
"The long wait seems to be building expectations.
Total deposits of Tesla-
This also includes the money consumers have invested in Powerwall battery packs and more expensive S-cars and X-forklift trucks. -
The third quarter grew 14% from the first three quarters.
Even after Musk told employees at the Model 3 handover in July, the company will enter "production hell" for a month.
"Tesla produced only 260 Model 3 cars in the third quarter, far below the company's forecast of 1,500.
Tesla said in a letter to shareholders in the third quarter: "The demand for Model 3 will not be a limit for a considerable period of time . ".
A company spokesman declined to comment.
The Model 3 booking holder was unaware of the extent of the problem with Tesla's battery plant in Nevada and the only car plant in California until the company announced revenue in November. 1.
If there is any change in the booking after announcing the production delay, it will not appear in the company's financial statements until the fourth quarter.
Still, only two of the 20 Model 3 customers surveyed by Bloomberg even considered canceling the booking.
Not actually.
The other tried to sell his reservation because he was leaving the country.
What makes some potential buyers even more anxious is that they are worried that the $7,500 federal tax credit will still not be available when electric cars are ready.
As per existing law, tax credits begin to be phased out once the automaker sells 200,000 of the electric or plug
In hybrid cars in the United StatesS.
A number from Palo Alto, California
Tesla's headquarters is expected to go public next year.
If House Republicans go their way, credit may disappear soon. -
As part of the ongoing tax reform efforts in Washington, they have proposed to remove the measures.
Robert W. Ben Carlo said: "Even if 10% is canceled due to delays and 10% is canceled due to tax credits, Tesla has thousands of bookings . "
Baird analysts said by phone.
"In fact, few people see it in the car and ride less.
"The longer the Model 3 is delayed, the more likely the tax credit is to flow to Model S or Model X drivers who may not need them because they need more budget --
Conscious shoppers who want to be bare
Bones Model 3 costs $35,000.
Tesla is also assembling more expensive cars before making a basic version of the car.
Tesla's current driver, like Laurie, has rented a Model S in addition to the Porsche Boxster he owns, and they give priority to thank you
Your support from Tesla, push first-
Time buyers will come back. Several would-
Be buyers has not been eliminated by the possibility of credit loss, including David Tayal, a New York company lawyer who already owns Model S.
"I wouldn't get a tax credit if I bought ice," he said, referring to the internal combustion engine --Power car.
Others say credit opportunities are important for their decision to retain Model 3.
Raymond Nash, for example, got up at 2: 30 A. M. m.
Become one of the first people to book a room at the Tesla store in Santa Monica, California.
"In order to get a tax credit, I want to queue up early," he said . ". Still, Nash --
He currently owns a Nissan Leaf, an Uber driver. -
He said he might not cancel the reservation even if he could not get a tax credit.
"If it goes away, I just need to adjust my budget and my salary," he said . ".
"I am not happy with the delay, but I am willing to wait.
We know that Tesla has built hundreds of models 3, so we know that it is real, and we know that more is coming. "