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Published on September 14th, 2017 | by Zachary Shahan


Angel Investor & VC: Tesla Model 3 “One Of 3 Greatest Tech Products Ever” & Will Make BMW 3 Series Biz “Go To Zero”

September 14th, 2017 by  

Early Tesla Model 3 owners are expected to love the car. They are longtime Tesla owners, investors, employees, and supporters. Without a doubt, letting them share their impressions of the insanely hot product with the world before anyone else can spend quality time with the car is a great way to have the media blast out powerful love vibes for the car to every demographic imaginable.

With 455,000 Tesla Model 3 reservations reportedly on the books, investors and analysts across the tech and auto world have been more than happy to throw their two cents into discussions about the car, the future of the auto industry, and Tesla [NASDAQ: TSLA]. That’s $455 million in deposits that reservation holders have sent Tesla in order to be “at the front of the line,” making it sort of easy to have a bullish stance on the product and the company at this point.

That said, fresh comments from a couple of prominent Silicon Valley techies seem to go even beyond Elon Musk’s enthusiasm.

First of all, Jason Calacanis, a Silicon Valley angel investor we featured in an article a few weeks ago who has a Model 3, went on a tweetstorm a few days ago that should make my overly enthusiastic articles about the Model 3 look like crumbs on the floor. Here they are:

For the one about Tesla bears, unfortunately, that could legitimately be true, so let me quickly say that I hope no one makes such an illogical decision over money, pride, and fear.

But the overall message is chilling, even to me. Every step of the way, it seems this car has been better than expected. Now, one of the first people to own the car says … it’s one of the 3 best tech products in history.

If you missed Jason’s comments on CNBC a few weeks ago, be sure to check those out as well.

Following Jason’s enthusiastic comments, a Silicon Valley venture capitalist who Jason probably knows pretty well or at least greatly respects (going on this tweet and this one), Social Capital founder Chamath Palihapitiya, claimed that the “entire [BMW 3 Series] business is going to go to zero” and that “people are fundamentally misunderstanding the demand of the Model 3.” It sounds like Chamath might have read a recent (hugely popular) CleanTechnica article (and/or this one and/or this one and/or this one and/or this one and/or this one), but I’m not so sure about the entire BMW 3 Series getting wiped out. I wouldn’t be surprised if it gets slammed like a golf cart in a high-speed crash, and I’m sure that will put a distressing dent in BMW’s finances, but I presume the 3 Series and BMW will survive and live to tell the tale another day.

Morgan Stanley’s Adam Jonas, who has historically been quite bullish on Tesla [NASDAQ: TSLA] apparently agrees. He “pushed back on Palihapitiya’s claim, noting international and political contexts to the businesses,” as CNBC puts it.

Chamath gets the closing word, though:

“There is not a single person of right, sound mind and body, if you could build a Tesla Model 3 online and get it delivered in 30, 60, 90 days, or you have the choice of buying the BMW 3 Series will choose the BMW.”

Indeed. I agree.

Do the masses know this right now? No.

Will they find out within the coming year or two? Many of them certainly will.

What’s the story 3 years from now, and 5 years from now? We’ll see. …

For more Tesla Model 3 stories, click that link to scroll through article archives for the beauty and/or check out these CleanTechnica originals and semi-originals:

  1. Tesla Model 3 vs 22 Competitors (The Straight Specs)
  2. Tesla Model 3 vs Electric Competitors (The Straight Specs)
  3. 504,000 Tesla Model 3 Gasmobile Competitor Sales In USA In 2016, & Why To Buy Them In 2018
  4. 700,000 Tesla Model 3 Sales Per Year — Optimistic? Pessimistic? Spot On The Money?
  5. Will Tesla Model 3 Become Top-Selling Car In USA? #2? #3? #5?
  6. When Will I Get My Model 3 (In Europe)?
  7. 4 Highlights From Motor Trend’s Tesla Model 3 Test Drive
  8. 20 Gasmobiles Tesla Model 3 Will Body Slam
  9. Tesla Model 3 Review From EV Annex (Exclusive Video Interview & Review)
  10. The Navdy Intelligent Heads-Up Display Makes In-Car Productivity Safe, For The First Time (CleanTechnica Review)
  11. Honestly, What Can Automakers Do About Tesla Model 3 & Model Y?
  12. Tesla Model 3 Test Track Video (#CleanTechnica Exclusive From Unveiling Night, Abridged)
  13. Tesla Model 3 — Exclusive Test Track Photos
  14. Tesla Won (… Sort Of)
  15. What Goes On In The Minds Of Auto Execs?
  16. How Does The Chevy Bolt Compare To The Tesla Model 3?
  17. Tesla Model 3 vs Audi A3, Audi A4, Audi A5, Audi S3
  18. Tesla Model 3 vs BMW 2 Series, 3 Series, 4 Series, 5 Series, & i3
  19. Tesla Model 3 vs Mercedes 300, Mercedes 350e, Mercedes AMG C43
  20. Tesla Model 3 vs Acura ILX, Acura TLX, & Acura RLX
  21. Tesla Model 3 vs Lexus ES (& ES Hybrid), Lexus IS, Lexus GS (& GS Hybrid), & Lexus CT Hybrid
  22. SpaceX Employee’s Tesla Model 3 Delivery Update Hints At Quicker Than Expected Production
  23. 23–50% of Electric Car Drivers Plan to Get Tesla Model 3 Next (CleanTechnica Report)

Photo of Model 3 at top by Jason Calacanis . Photo of Chamath Palihapitiya by Cmichel67 (some rights reserved). Other photos by Tesla. Video by me.

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About the Author

Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.

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