Fiat Chrysler CEO Sergio Marchionne has his doubts that Elon Musk can make his recently debuted $35,000 Tesla Model 3 electric car profitable, according to Automotive News Europe.
Speaking to media at Fiat Chrysler’s annual meeting in Amsterdam Friday, Marchionne said that he’s not shocked about the popularity of the Model 3, which has attracted nearly 400,000 pre-orders since the books opened earlier this month. What will surprise him, however, is if Musk can make the compact sedan profitable.
“I’m am not surprised by the high number of reservations but you have then to build and deliver them and also be profitable,” Marchionne told AN Europe, later adding that if Musk “can show me that the car will be profitable at that price,” he “will copy the formula, add the Italian design flair and get it to the market within 12 months.”
The Model 3 is Tesla’s third model and follows in the footsteps of the wildly successful Model S and larger Model X. It is expected to carry a total electric range of 215 miles and will be capable of accelerating from 0-60 mph in under six seconds.