Source: Tesla Motors
quote: He also raised the wages of his employees so they could afford the Model T.
quote: Not really...from Ford.com
quote: Musk hasn't raised his workers wages so they can afford the cars they build.
quote: Musk is no saint and no revolutionary
quote: Elon Musk will not have such luck. There are other problems facing EV's that will have to be overcome to make it viable out in the field. Charging - just how many super charging stations can the electricity grid sustain? Power's gotta come from somewhere. Raw Resources - unless Musk plans to open up a few lithium mines this price isn't going to drop, quite the opposite. New technology - there's no way batteries will see the research advances ICE cars saw in the beginning. It's not new tech, advances in EV efficiency and batteries have been slow indeed.
quote: Everything else you mention is a non-issue.
quote: Their 2017 car is, IMO, going to aim for the BMW 3 series in price and performance.
quote: It's a decent jump, but nowhere near "triple", and there are plenty of mines already opening up to handle that.
quote: Their 2017 car is, IMO, going to aim for the BMW 3 series in price and performance. BMW sells 400k a year of that line.
quote: Remember, 25% margins.
quote: You're not going to get that margin by pricing low.