Tesla has already racked up hundreds of thousands of pre-orders for the Model 3 and Fiat Chrysler Automobile CEO Sergio Marchionne has taken notice.
Speaking to Automotive News Europe, the outspoken executive said he wasn't surprised by the high number of reservations but noted now comes the hard part as Tesla has to "build and deliver them and also be profitable."
Marchionne went on to say he was skeptical about the model's $35,000 price tag as he said if Tesla CEO Elon Musk "can show me that the car will be profitable at that price, I will copy the formula, add the Italian design flair, and get it to the market within 12 months."
That doesn't sound like a bad proposition but it should be noted that Marchionne isn't a fan of electric vehicles. The executive has famously tried to convince people not to buy the Fiat 500e because the company loses approximately $14,000 on each model that is sells. Given those kind of loses, it's not hard to understand why Marchionne is skeptical about the Tesla Model 3.
Despite the company's reluctance to offer eco-friendly vehicles, the Chrysler recently introduced the Pacifica plug-in hybrid which features a 248 horsepower V6 engine, an electric motor, and a 16 kilowatt-hour battery. This should enable the minivan to travel up to 30 miles on electricity alone.
Source: Automotive News Europe