Tesla Model 3 News: Is New Auto a Threat to Other Competitors?
Last week, Tesla opened doors on reservations for potential buyers and days later, critics have started to question the threat that the new auto is posing in the market and whether other car manufacturers should be worried or not.
A recent review by Fool suggests that other car dealers and manufacturers may actually be seeing a threat in front of them as hundreds of people thronged Tesla stores last week to put down their deposits. What's interesting is these people have not even seen the Model 3 yet but their interest was largely depicted through their willingness to dish out $1,000 for the yet to be revealed car.
Aside from local reservations, the new electric auto has also seen reservations from around the world, further demonstrating that the market may finally be ready for the change that other manufacturers have tried to adapt to in the past.
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For the most part, Americans opt for displayed cars whenever they visit a store and statistics reveal that only about 6 percent of car sales are build-to-order. However, the Model 3's ability to attract consumers may mean the U.S. is finally ready to trust the promises of a vehicle that probably won't arrive until late 2017.
Experts said previously that one of the reasons why consumers are interested in the upcoming auto is because of its pricing. Starting at only $35,000, consumers will soon experience improved ride quality and acceleration among others in Tesla's electric car.
While the upcoming sedan's promises could possibly be the biggest threat for other dealers to date, Mike Barnard, a top writer for Tesla Motors, says the new model's coming isn't largely something that other car makers should be worried of. Instead, the risk is leaning on Tesla.
According to Barnard's account on Quora, most of the people who started out with the company have been used to all the systems that were used in the previous models. A switch to a newer and electrical-based process would be a difficult path for not only the engineers and sales people but for the executives as well.
