- May 25, 2009
The key word is "planned"
I'll believe it once they start selling them for that price, without any subsidies.
I don't see it being that farfetched. The previous generation (Model S) helps pay for the next generation (Model 3) since a lot of the R&D costs will be / have been recouped. Granted I don't think the "stock" Model 3 is going to have 200+ mile range, but I imagine it'll be pretty close.
Battery prices will most likely start to decline somewhat as well since Tesla started building that plant in Nevada to meet more of a demand (at least until there's some "breakthrough" in battery tech).