FIRST AIRED: February 17, 2018

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Transcript

00:00:01
>> For some Tesla die hard fans that camped out nearly two years ago to reserve the Model 3 electric car, a disappointing notice came last week. Don't expect your car until next year. Tesla has been struggling to ramp up production of the Model 3, its first mass market car.
00:00:16
The base model, which has range of 220 miles is priced at 35 grand, but for now, Tesla is only producing Model 3s that can go 310 miles miles on a charge. And for that, you have to cough up another $14,000. So if you waited in line for the cheaper version or reserved a car on day two or later, expect to wait even longer.
00:00:39
But that bad news is turning out to be a boon for another car maker says Reuters' reporter Alexandria Sage.>> The Chevy Volt built by General Motors is benefiting. Many dealers have told me that they're already seeing Tesla model's reservation holders come into their showrooms, willing to buy a Bolt given that their Model 3 has been delayed until 2019.
00:01:00
>> The Bolt was the first electric car in the US market to offer over 200 miles on a single charge with a price tag of 35 grand but had been overshadowed by the Model 3 Now disgruntled reservation holders are taking to social media to air their gripes, and saying they're cancelling their reservations.
00:01:21
I'm feeling extremely fleeced by Elon wrote one man from Seattle about the $1,000 down payment that Tesla's been holding.>> It's not just about not getting your car in 2019. These reservation holders also risk missing out on a federal subsidy. That subsidy, right now, is $7,500, but it starts to phase out once manufacturers, like Tesla, sell 200,000 electric vehicles.
00:01:48
>> So will GM boost its production now of the Bolt? It's not saying, but dealers doubt GM would, as the Bolt is believed to be a money-losing car, even if it's helping GM meet California's stringent emission laws.