According to Brandon Flasch on twitter who “knows people” the new long range model 3 qualifies due to changing the battery pack to Panasonic which means better charge times! However not the best news for people who already took delivery
Totaled my 2019 M3P a few weeks back and was planning on placing my order this week. Was planning on the performance because if the battery pack and tax credit, but now ordered the LR. Already have a vin number within 2 hours or order
@@djthornton98 Please do report back what pack you got and how it charges. Inquiring minds need to know! LOL Congrats on the new car! Sorry to hear about your M3P.
Bull-sugar! The short range is a better fit for most people because few use that extra range on a daily basis. However, the best fit is the cheapest vehicle.
You may think that. That persons like myself to take long trips have the ability to charge to 100% on those occasions. We need the 341 miles. And we also drive the snow we like to have the all wheel drive.
On May 3rd, Electrek had an article with the following: > Because of those difficulties, the treasury department and IRS have decided to relax some of those rules, especially regarding the sourcing of graphite, electrolyte salts, binders, and additives, until 2027 I remember seeing that news, and being surprised that there weren't specifics about which vehicles it affected. I suspect that was the root cause?
I agree. It is a guess, but I think it was the relaxing of sourcing these materials and the battery is the same South Korean battery but now qualifies.
Maybe you NEED a vehicle today because yours was just wrecked. Some people cannot wait and won’t rent or Uber for 1-6 months waiting for something that doesn’t happen.
12,500 dollars instant credit in Washington State. The Washington State additional 5000 dollar incentive starts this August.😊 I can't wait. No sales tax in Washington State too for the first 20,000 dollars.
Well, to be fair, there are no other teslas that could qualify with only changes to mining policy. All model Ys already qualified, model X qualified, and model S was priced out.
Interest rate is still very high for the long range. Either they should cut down price for the RWD or offer special financing on LR to attract more buyers.
I had wanted the model Y. Test drove both Y and 3. Loved the 3. Was going to get one but I had to down 3300. I wasn’t ready to do that. Didn’t know that they didn’t do zero down for any of their vehicles. At least at the one I went to where I’m at. I may just get one now. It’ll take it down to around $34K.
The government just pushed the graphite sourcing requirements back since something like 98% of the graphite refining is still done in China and there’s just not enough non-China graphite production to meet the IRAs requirements.
Wow, if they swapped that pack it may be big news. Yes, we saw the Out of Spec test and it really SUCKED. This sounds like great news. Now we need to see some charging tests! For $1000 price difference between the RWD and the LR it would be a no brainer if they fixed the charging issue with the pack swap. If it turns out to be the same LG pack with the poor charging then the RWD gets the nod. We need DETAILS and TESTS!
I saw yesterday when I went to play around on Tesla website. I couldn’t find anything on it yet until today. Was going to get me one on the last week of May. Glad I waited. Probably getting me one now. You can’t zero down though. There’s a minimum down payment you need to make. Just FYI. That’s what they told me at the dealership. They don’t zero down any of their vehicles. That’s what caused me to wait. I didn’t want to down anything. Lol
My 2023 Nissan Ariya Evolve FWD consistently does 310-330 miles of range with 95% charge. My driving is based on 70% city and 25% hwy. EPA estimate is 289 miles. What’s the big deal with Model 3 range? I hear Tesla over states their range.
The performance and long range is only 80 charged daily not 100. You only want to charge it to 100% when you’re going far. But anything from 80-100 is too slow to charge. You hurt the battery if you charge it to 100 everyday
Wait so all the upgrades that the performance got they also enhanced on the long range? Like they build quality and the ride quality, the seats and the backseat screen?
I have the new M3P and I love it. Still, if this update came out a few weeks sooner, I'd probably be driving a LR instead. It's just such a good value proposition.
I want the cargo space and the lie flat rear seats of the Model Y, but living here in Tucson the ventilated cooling seats would be the best thing since the invention of refrigerators. But I have the Y on order already...sticking with the Y for now.
With the seemingly imminent ending of Foundation Series Cybertruck, I'm curious what your thoughts are on the standard features and upgrade prices for the Cybertruck going forward.
I literally just gave away one of our old gas cars yesterday with the plan of buying a used RWD M3 in a few weeks. I don't want to pay 40k, but I'm gonna be _really_ frustrated if they add the tax credit to the base model shortly after I buy a used one.
Being the battery is wholly manufactured by CATL I wouldn’t bank on that too hard. At most I would expect to maybe see the 50% credit come back to the LFP. There’s also a decent chance Tesla just cuts into the profit margins on the LFP to lower pricing, maybe change some features with it.
It’s not point of sale. I cancelled my performance order and part of it was because it was full price and full tax and they deduct the 7500 and the down payment end. And yes don’t forget to add the destination fee of 1500 to the full price of the car
These companies already get massive breaks to build and manufacturer here, usually at the expense of the local tax payer. Kia’s new plant in Georgia , Rivians plant and others get massive state and local subsidies to manufacture in there respective places. That savings won’t be passed to us unless absolutely it’s needed
Hopefully, they will consider doing the same thing they did with the model Y, eliminate the standard range and make the cheapest version the long range rear wheel drive and rebate eligible. Maybe a slight price increase on that version bringing it up to 42.5 K before rebate and 35K after rebate. That would make it the cheapest Tesla and have around 360 miles range.
A notable downside of the tax credit is those who don't quite qualify for the tax credit but make a BEV purchase actually loose money on a purchase on day one since buyers who qualify for the tax credit can purchase the same car new from the manufacture for up to $7500 less. Even if the car does not currently qualify for tax credit, if it qualifies for the tax credit in the future then there will be an instantaneous reduction in value of the car. This issue is definitely a purchase consideration for me. I would rather the US government provide the credit to the manufacture directly for all BEVs sold. This would eliminate the market inefficiency that is described here.
It's just ridiculous that the budget car doesn't qualify -- rules are too complicated. Keep in mind, i assume from an insurance perspective, the awd has to be more right? and the fact that those who jumped and ordered the awd and waited for months to get it, are screwed (unless they magically used the other pack??)
Considered the model 3 but it's kinda meh. I'd rather get an S or X but I'm not rich. Instead of the 3 I got an Ioniq 6 which I love. When Aptera comes out my wife will take over the Ioniq so I can have my Aptera. Have you driven an Ioniq 6 yet? How do you think it compares to the model 3?
@@TailosiveEV seems fine to me. Maybe it's a kinda like where movie critics rake it over the coals and then it's a smash success with consumers? I see a ton of Hyundai evs everywhere I look. Consumers seem to like it.
6:46 I agree the ev tax credit is too arbitrary, but trickle down economics does not work, the benefit should be given to the consumer for buying an ev, not the company for making evs.
I think you're discussing 2 different topics in the same sentence. The EV tax credit DOES go to the consumer. Instead of getting the $7500 credit when you file your taxes next year, like they did in 2023, Tesla files for the credit BUT passes 100% to the consumer at time of sale. You're other point I think was regarding incentivizing manufactures via tax incentives to build in the US. Local governments do this all the time to draw companies to their states to build mfg. plants, etc. This brings in jobs, revenue, spending, building homes, local property taxes, etc. Nothing wrong with that. One thing Tesla does better than most companies is that when raw materials get cheaper, they pass those savings along to the consumer, but they also adjust up quicker than others also when the reverse happens.
@@peacems What I was trying to say is that the ev tax credit should go to the consumer, like how it is now, as opposed to Drew's idea of not giving it straight to the consumer. To incentivise things being made in the US, it's better to benefit the consumer for buying a product made in the US, compared to giving the benefit to the business for making the product in the US. This is true for the same reason trickle down economics doesn't work, you have to trust companies to give the benefit to the consumer, and they might decide to use it to increase their profits instead.
I’m trying to figure out what the new epa range would be for the new pack. More or less than the China battery? I’ll have to wait and see. Currently the range is unchanged on teslas website
@@TailosiveEV Tesla and Camry are competitors. Camry is better in almost every way. And cheaper too. Japanese quality, comes from 60 years of experience.
@@rival121 Camry has high build quality, nice interior. full dashboard, and a Turn Signal Stalk. And 230 horsepower. Plenty of power, and 630 miles of range. Tesla cannot compare to that !
@@DerekDavis213 no. Sorry. You are WRONG. In fact, you will see a precipitous decline in Camry sales over the next 5 years and growth in Tesla. Camrys are for yesterday. Tesla is for tomorrow
Is it true that if you want any color besides white or black, you have to pay 1200 more. Longer range 2000 more. Tesla car are still for the chosen ones. Not the mass.
It is a hidden price adjustment area. I ordered an AWD Model Y a few weeks ago and the white seats were $1,000 more, but for the Model 3 white is $2,000 more...
@@Fumbiii16 Bro, it is still the difference between black and white, why does white cost twice as much when it is ventilated, bro? Love when people without a lick of sense spout on about common sense.
@@lsh3rd u know what they say if it’s too good to be true. You get what you pay for. Should not be legal to have a car faster than a hyper car with 4 seats and 2 trunks for 40k. End of story
@@user-hx5qv4kd6 who gets to decide that? How much control are you willing to give up? This is a matter that can be settled by the insurance companies.
According to Brandon Flasch on twitter who “knows people” the new long range model 3 qualifies due to changing the battery pack to Panasonic which means better charge times! However not the best news for people who already took delivery
Totaled my 2019 M3P a few weeks back and was planning on placing my order this week. Was planning on the performance because if the battery pack and tax credit, but now ordered the LR. Already have a vin number within 2 hours or order
@@djthornton98 Please do report back what pack you got and how it charges. Inquiring minds need to know! LOL Congrats on the new car! Sorry to hear about your M3P.
Where is it listed it’s the Panasonic battery?
I suspect they switched to the Panasonic battery pack. Charging curve is a big deal, so this makes a material difference on road trips.
This is incredible especially because the long range is the most practical for many people
Lmao you didn’t even listen to the video. LG battery back long range isn’t more practical than the standard range on a road trip.
Ya dum(b)?
Bull-sugar! The short range is a better fit for most people because few use that extra range on a daily basis. However, the best fit is the cheapest vehicle.
@@Derpy1969 Many skeptical people can be convinced if you throw a bunch of range at them
Well, LFPs are probably going to have to get a price cut just to be able to clear production lines. Maybe $34,990 🤔
341 miles is actually only 272 miles because you charge it to 80% for daily use.
Plus the RWD is more efficient. They also have the possibility of "unlocking" more range just like they did with the model y rwd
@@bigredog100I highly doubt the LFP batteries have extra un-utilized energy
They sleeping 🤫 shhhhhhhh
You may think that. That persons like myself to take long trips have the ability to charge to 100% on those occasions. We need the 341 miles. And we also drive the snow we like to have the all wheel drive.
Most people don’t drive 272 miles daily so it doesn’t matter in the long run.
On May 3rd, Electrek had an article with the following:
> Because of those difficulties, the treasury department and IRS have decided to relax some of those rules, especially regarding the sourcing of graphite, electrolyte salts, binders, and additives, until 2027
I remember seeing that news, and being surprised that there weren't specifics about which vehicles it affected. I suspect that was the root cause?
I agree. It is a guess, but I think it was the relaxing of sourcing these materials and the battery is the same South Korean battery but now qualifies.
I bet next quarter the RWD 3 gets the credit somehow.
Of course. Why would you buy it now?
Maybe you NEED a vehicle today because yours was just wrecked. Some people cannot wait and won’t rent or Uber for 1-6 months waiting for something that doesn’t happen.
If so, APR will probably go up. Right now it’s such a great rate for 36, 48 and 60 months
Inventory 3s are currently not showing as tax credit eligible. So I imagine the change is due to to a different battery pack.
YESSSS!!!!!!! Just when my lease ends in August
12,500 dollars instant credit in Washington State. The Washington State additional 5000 dollar incentive starts this August.😊 I can't wait.
No sales tax in Washington State too for the first 20,000 dollars.
That’s a steal
Where are you getting this information?
@@r4rasa
It was on the local news back in May.
Just go to Google and search for the Washington State EV incentive for this August.
@@r4rasa
Local news.
Google it you shall see.
40 grand is still a lot for a compact
You’re out of touch
@@X11CHASE what's the price of a Corolla or forte again?
Well, to be fair, there are no other teslas that could qualify with only changes to mining policy. All model Ys already qualified, model X qualified, and model S was priced out.
I’m picking my LR up tomorrow, wow just saved that in time
Same here!
Me too!
I would like to know if it was the IRS or Tesla who made the change. I already took delivery last month.😢
Interest rate is still very high for the long range. Either they should cut down price for the RWD or offer special financing on LR to attract more buyers.
So tempting, but I think the Y is still in my future....
I agree
You would be stupid not to buy that car shopping smaller sedans. I test drove it and it's rides so smooth, so quiet, so fast. God bless
I had wanted the model Y. Test drove both Y and 3. Loved the 3. Was going to get one but I had to down 3300. I wasn’t ready to do that. Didn’t know that they didn’t do zero down for any of their vehicles. At least at the one I went to where I’m at. I may just get one now. It’ll take it down to around $34K.
The government just pushed the graphite sourcing requirements back since something like 98% of the graphite refining is still done in China and there’s just not enough non-China graphite production to meet the IRAs requirements.
I switched from a performance to an available m3lr, but idk about the battery changes. I pick it up tomorrow.
Not related but FSD now is $8000 (down from $12000 I believe). Is this change brand new? Will you cover it in a separate video?
Wow, if they swapped that pack it may be big news. Yes, we saw the Out of Spec test and it really SUCKED. This sounds like great news. Now we need to see some charging tests! For $1000 price difference between the RWD and the LR it would be a no brainer if they fixed the charging issue with the pack swap. If it turns out to be the same LG pack with the poor charging then the RWD gets the nod. We need DETAILS and TESTS!
I saw yesterday when I went to play around on Tesla website. I couldn’t find anything on it yet until today. Was going to get me one on the last week of May. Glad I waited. Probably getting me one now. You can’t zero down though. There’s a minimum down payment you need to make. Just FYI. That’s what they told me at the dealership. They don’t zero down any of their vehicles. That’s what caused me to wait. I didn’t want to down anything. Lol
Good to know. Please update us soon
My 2023 Nissan Ariya Evolve FWD consistently does 310-330 miles of range with 95% charge. My driving is based on 70% city and 25% hwy. EPA estimate is 289 miles.
What’s the big deal with Model 3 range? I hear Tesla over states their range.
8:05 I don't understand the why those LR batteries cant be charged to 100% "every day" So how often can you do it? Or is it just not recommended?
The performance and long range is only 80 charged daily not 100. You only want to charge it to 100% when you’re going far. But anything from 80-100 is too slow to charge. You hurt the battery if you charge it to 100 everyday
Wait so all the upgrades that the performance got they also enhanced on the long range? Like they build quality and the ride quality, the seats and the backseat screen?
I have the new M3P and I love it. Still, if this update came out a few weeks sooner, I'd probably be driving a LR instead. It's just such a good value proposition.
I want the cargo space and the lie flat rear seats of the Model Y, but living here in Tucson the ventilated cooling seats would be the best thing since the invention of refrigerators. But I have the Y on order already...sticking with the Y for now.
With the seemingly imminent ending of Foundation Series Cybertruck, I'm curious what your thoughts are on the standard features and upgrade prices for the Cybertruck going forward.
I literally just gave away one of our old gas cars yesterday with the plan of buying a used RWD M3 in a few weeks. I don't want to pay 40k, but I'm gonna be _really_ frustrated if they add the tax credit to the base model shortly after I buy a used one.
Being the battery is wholly manufactured by CATL I wouldn’t bank on that too hard. At most I would expect to maybe see the 50% credit come back to the LFP. There’s also a decent chance Tesla just cuts into the profit margins on the LFP to lower pricing, maybe change some features with it.
Same boat. I just decided to wait for couple months in case they lower the price for rwd
It’s not point of sale. I cancelled my performance order and part of it was because it was full price and full tax and they deduct the 7500 and the down payment end. And yes don’t forget to add the destination fee of 1500 to the full price of the car
These companies already get massive breaks to build and manufacturer here, usually at the expense of the local tax payer. Kia’s new plant in Georgia , Rivians plant and others get massive state and local subsidies to manufacture in there respective places. That savings won’t be passed to us unless absolutely it’s needed
Hopefully, they will consider doing the same thing they did with the model Y, eliminate the standard range and make the cheapest version the long range rear wheel drive and rebate eligible. Maybe a slight price increase on that version bringing it up to 42.5 K before rebate and 35K after rebate. That would make it the cheapest Tesla and have around 360 miles range.
Wooo! This is the one I want 🤩
Recommended charge of the long range is 80 percent and not 100 like LFP right?
Yes
Definitely happy to see the LR3 becoming more affordable, still not a fan of Tax Credits in general.
Damn now I have to decided to go ahead with a lease on a rwd or buy the awd….
Does this apply to used model 3 long ranges?
No this credit is specifically for new vehicles
If the LR doesn't have LFP batteries, then it's not the best choice. This is especially true with solid-state batteries coming in 2025.
Looks like rearwheel drive is only one with promotional financing 😮
Remember you get more than a longer range with this model. You also get AWD and a better sound system
Yeah no question if the difference is only $1k the long range is absolutely worth it
- the position of the cell phone
- the length of the logo on the front panel of the hat
- the shape of the woman’s two left fingers
Literally just ordered a performance two days ago smh
This is gonna kill sales for the standard range rwd model 3
A notable downside of the tax credit is those who don't quite qualify for the tax credit but make a BEV purchase actually loose money on a purchase on day one since buyers who qualify for the tax credit can purchase the same car new from the manufacture for up to $7500 less. Even if the car does not currently qualify for tax credit, if it qualifies for the tax credit in the future then there will be an instantaneous reduction in value of the car. This issue is definitely a purchase consideration for me. I would rather the US government provide the credit to the manufacture directly for all BEVs sold. This would eliminate the market inefficiency that is described here.
Just have your 16 year old kid buy it.
@@grahamstefaan - That 16 year old would need to have a minimum federal tax liability of $7500, or around a $70k/yr income.
It's just ridiculous that the budget car doesn't qualify -- rules are too complicated. Keep in mind, i assume from an insurance perspective, the awd has to be more right?
and the fact that those who jumped and ordered the awd and waited for months to get it, are screwed (unless they magically used the other pack??)
Your gross family income has to be like $80k or more to pay enough taxes to get the $7500 tax credit.
Considered the model 3 but it's kinda meh. I'd rather get an S or X but I'm not rich. Instead of the 3 I got an Ioniq 6 which I love. When Aptera comes out my wife will take over the Ioniq so I can have my Aptera.
Have you driven an Ioniq 6 yet? How do you think it compares to the model 3?
I haven’t but the software leaves much to be desired from the reviews I’ve seen
@@TailosiveEV seems fine to me. Maybe it's a kinda like where movie critics rake it over the coals and then it's a smash success with consumers? I see a ton of Hyundai evs everywhere I look. Consumers seem to like it.
They really need to look at BYD and have better interiors
You can’t compare 18 wheels and 19 in the 10% challenge test.
it is gonna kill sales for standard range model 3
They need to drop the price
Now why would anyone get the base model
I bought mine before it’s available 😞
Please follow up with this🙏
I’d like the RWD LFP to have the rear screen, cooled seats, and electric trunk mechanism removed & to offer it as a $36k decontented version.
6:46 I agree the ev tax credit is too arbitrary, but trickle down economics does not work, the benefit should be given to the consumer for buying an ev, not the company for making evs.
I think you're discussing 2 different topics in the same sentence. The EV tax credit DOES go to the consumer. Instead of getting the $7500 credit when you file your taxes next year, like they did in 2023, Tesla files for the credit BUT passes 100% to the consumer at time of sale.
You're other point I think was regarding incentivizing manufactures via tax incentives to build in the US. Local governments do this all the time to draw companies to their states to build mfg. plants, etc. This brings in jobs, revenue, spending, building homes, local property taxes, etc. Nothing wrong with that. One thing Tesla does better than most companies is that when raw materials get cheaper, they pass those savings along to the consumer, but they also adjust up quicker than others also when the reverse happens.
@@peacems What I was trying to say is that the ev tax credit should go to the consumer, like how it is now, as opposed to Drew's idea of not giving it straight to the consumer.
To incentivise things being made in the US, it's better to benefit the consumer for buying a product made in the US, compared to giving the benefit to the business for making the product in the US. This is true for the same reason trickle down economics doesn't work, you have to trust companies to give the benefit to the consumer, and they might decide to use it to increase their profits instead.
I’m trying to figure out what the new epa range would be for the new pack. More or less than the China battery? I’ll have to wait and see. Currently the range is unchanged on teslas website
Personally, I'd wish to eliminate ALL subsidies, whether for EV's or for the fossil fuel industry, and just let everyone compete on their merits.
Camry Hybrid has a 630 mile range, and just 5 minutes to fill the tank.
Tesla cannot compare to that!
Then go buy that. Why are you watching Tesla videos?
@@TailosiveEV Tesla and Camry are competitors. Camry is better in almost every way. And cheaper too. Japanese quality, comes from 60 years of experience.
@@DerekDavis213the Camry is for old people/empty nesters. Not quite competition to Tesla. Completely different customer!
@@rival121 Camry has high build quality, nice interior. full dashboard, and a Turn Signal Stalk. And 230 horsepower. Plenty of power, and 630 miles of range.
Tesla cannot compare to that !
@@DerekDavis213 no. Sorry. You are WRONG. In fact, you will see a precipitous decline in Camry sales over the next 5 years and growth in Tesla. Camrys are for yesterday. Tesla is for tomorrow
Don’t see this offer today.
Is it true that if you want any color besides white or black, you have to pay 1200 more. Longer range 2000 more.
Tesla car are still for the chosen ones. Not the mass.
It is a hidden price adjustment area. I ordered an AWD Model Y a few weeks ago and the white seats were $1,000 more, but for the Model 3 white is $2,000 more...
@@tribalypredisposedbc they are different seats bro. Cmon it’s common sense why the new m3 seats cost more
@@Fumbiii16 Bro, it is still the difference between black and white, why does white cost twice as much when it is ventilated, bro? Love when people without a lick of sense spout on about common sense.
10:40 probably should have turned ON the noise canceling.
How is this legal ??
How is it not?
@@lsh3rd u know what they say if it’s too good to be true. You get what you pay for. Should not be legal to have a car faster than a hyper car with 4 seats and 2 trunks for 40k. End of story
@@user-hx5qv4kd6 who gets to decide that? How much control are you willing to give up? This is a matter that can be settled by the insurance companies.