When Tesla started manufacturing the Model 3, it made a point to prioritize production of pricier configurations. As a result, folks interested in purchasing the entry-level Model 3 for $35,000 were forced to wait for quite some time. The rationale behind Tesla’s decision in this regard was quite simple: to generate as much cash as possible as quickly as possible. At the time, Elon Musk said that if Tesla started shipping the low-cost Model 3 right away, it “would cause Tesla to lose money and die.”
While Tesla’s economic situation isn’t as precarious as it once was — the company does capable of turning a profit these days — it’s employing the same production strategy it used with the Model 3 on the recently introduced Cybertruck. Put simply, Tesla will first focus on producing the Dual Motor and Tri Motor AWD models before turning its attention to the entry-level Single Motor RWD model.
BGR Top Deals:
- Amazon just added tons of new deals to its Cyber Week sale – here are the 10 best ones
- Discounted Apple AirPods 2 are back in stock today on Amazon
Trending Right Now:
- Apple’s releasing a new iPhone in just a few months, and now we know what it’s called
- Google Maps is getting an ingenious new feature that we never saw coming
- This might be the most puzzling PS5 leak yet
Tesla’s cheapest Cybertruck may not arrive until 2023 originally appeared on BGR.com on Fri, 6 Dec 2019 at 20:41:22 EDT. Please see our terms for use of feeds.
Read more here:: Boy Genius Report