You may remember Elon Musk’s humorous attempt at obtaining the rights to the name “Model E”. Combined with the other “Model S and “Model X”, Musk’s lineup would spell, well, figure it out. Two years have now passed and Tesla is seeing the Model E haunt them as Ford will be using it to compete directly with the Model 3.
FORD GETTING IN ON THE ELECTRIC MARKET
Ford may not have known why exactly they were defending the rights to the Model E name years ago, but now, they certainly have some direction. The famed Detroit carmaker will be putting the Model E to good use in 2019 as will become the title for their hybrid, battery-electric car and plug-in hybrid. The lineup is a direct inspiration from Hyundai’s 2017 Ioniq. With the release of the Tesla Model 3, it seems like everyone is scrambling to produce affordable, green cars.
MODEL E GETTING THE MEXICAN TREATING
The All-American Ford motor company has finished their brand-new factory in Mexico and it will be there that the Model E will see first light. Well, that’s what rumors say at least. Ford has refused to say what models will be built there, but some estimates have been made. Among these, will be the Tesla Model 3 competitor Model E starting in 2019. With the Mexican plant expecting to produce 300,000-350,0000 a year, predictions say the Model E will make up 50,000 of those. As Ford sales suffer over the years, the Model E will hopefully save the company from going down the route many other American car makers are going. Meanwhile, Tesla is basking in their profits.
TESLA MODEL 3 SHOWS SIGNS OF EARLY SUCCESS
Tesla’s highly anticipated Model 3 isn’t even on the road yet and it’s raking in the profits. Since it’s release, the Model 3 now has 325k pre-orders and $14.5B in potential sales. Just three days after the announcement, Elon Musk is beginning to wonder if he’ll rethink production planning for the car. It’s the single biggest launch of any product ever, reports say. Musk has had issues in the past with delivering in a timely manner. It will be an impressive feat if his company can keep up with demand and stick to the proposed date. Either way, money won’t be an issue.