But wait. Maybe don't cancel that Tesla Model 3 reservation just yet.
Tesla didn't attract nearly half a million reservations for the Model 3 because electric vehicles are lame. Quite the contrary: Instant torque, one-pedal driving, and minimal running costs mean EVs should appeal to even ardent fans of internal combustion. Yet Tesla hasn't closed a significant number of those sales, with many would-be buyers presumably unwilling or unable to spend $45,000 or more for the Model 3 as it is currently offered. With no sign of the promised $35,000 version and Tesla's federal tax credit winding down, perhaps it's time to consider other options.