>> 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.
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.
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.
>> 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.
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.
>> 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.