The other day Elon Musk announced that the first deliveries of the Tesla Model 3 might come as early as July 28 -- a mere three weeks away. There's a guy in a hurry! First-one-on-the-block buyers are probably happy about that. The rest of us would do well to wait until those first buyers get the bugs worked out. After all, most new models have them.
We may also be reluctant to add to the profits of a company that is such a heavily subsidized crony capitalist, even as the purchaser gets to participate in the largess.
Meanwhile, Chevy is putting out a 650 hp supercharged Camaro. Could their be a greater contrast?
With oil prices in a slump, gasoline prices seem like a real bargain these days. So those electric cars could be a little bit too far ahead of their time to have a major appeal. And the recharge rate of 52 miles of range per hour sounds like a major inconvenience. That souped up high horsepower Camaro might be awfully tempting to a young buyer who wants to make an impression.
Oops. Wall Street voted last week. Tesla sinks 20% from high—entering bear market territory—as concerns about 'bubble stock' mount.
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1:47 PM 7/9/2017
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