Tesla Model 3 vs. Honda Accord — 7 Scenarios
Reporting on the Tesla Model 3 is weird. It’s a car that can smoke a BMW M3 on the track yet is cost competitive — or even cheaper than — a Toyota Camry or Honda Accord (seriously).
Reporting on the Tesla Model 3 is weird. It’s a car that can smoke a BMW M3 on the track yet is cost competitive — or even cheaper than — a Toyota Camry or Honda Accord (seriously).
The “best car” on the market is generally something you’d think to tie to a specific price range, class, or at least body style. In 2019, though, I don’t think you have to do that at all. In my humble opinion (and I’ll make the case for it in a moment), the best car on the market is now cost-competitive with the highest selling mass market cars on the market. It wasn’t in the first quarter, but it is in the second.
Tesla Model 3 versus Tesla Model Y. And Long Range versus Standard.
We don’t really know how many Tesla Model 3s were sold in the USA in January and February, but the car should be in the top 20. With less than one day remaining to order the Model 3 Standard Range Plus for $37,000, I felt we still hadn’t done enough to compare the current Model 3 options with the top selling cars in the USA. So, here’s a new rundown comparison focused on one key category: 5 year total cost of ownership.
There’s a big question popping around the Tesla-interested interwebs. What is current Model 3 demand? I’ll say up front that I have no clue. There are arguments on both ends of the spectrum.
This is a quickie. Sometimes, to set the record straight, quick & clean is the best way to go. I honestly have a hard time determining when Tesla critics are intentionally misleading people and when they are just being idiotic. This past week or so is no exception, but it’s hard to believe it was the latter. (You’d have to be really idiotic to so blatantly get the story wrong on at least one of the two big Tesla news items I’m discussing below.)
It’s been a couple months since I last wrote an article, and a ton of stuff has happened in that time, but there haven’t been a lot of changes with regards to the Tesla story. The company was generally trucking along, shipping Model 3s, and doing what everyone was expecting it to do.
Some things cannot be explained by numbers. The Tesla Model 3 driving experience is phenomenally better than the driving experience of nearly every other car on the market. That is not hyperbole. Race car drivers have said it, top auto journalists have said it, and hundreds of thousands of other people have said it. You just have to experience the Model 3 to understand it.
That’s what one of Elon Musk’s former business partners Peter Thiel said about the man: “Never bet against Elon Musk.” And once more, against all odds, this is proving to be true. In bringing the Model 3’s price tag down to the long awaited mission target of $35,000, Tesla’s Secret Master Plan is being fulfilled. In a veritable “4th down and goal” analogy, Musk has pulled off what is arguably a Hail Mary pass to maintain sales volume, clearing the goal posts by a hair. The Holy Grail of the affordable, profitable, long-range electric car — sought after since GM developed the EV1 in the ’90s — is in sight. Tesla will deservedly go down in history as the company that grabbed that brass ring.
Tesla announced yesterday that the $35,000 Model 3 Standard Range is now available for purchase. But that wasn’t the biggest news of the day. It will now transition to a 100% online sales and close many of its stores. Franchise dealers should be nervous.