There is a misconception that the Model 3 is the most advanced Tesla model simply because it is the newest Tesla model. This was cannibalizing the sales of the Model S more than Tesla expected it to. Buyer who could afford a Model S or Model X were waiting for the Model 3 because they were under the mistaken belief that the Model 3 would offer all the newest, cutting edge technologies and self-driving capabilities.
As Musk said via Twitter, the Model S is on Gen. 4, and continues to offer the most advanced technologies.
That said, most people are waiting for the Model 3 because they can't (or do want to) afford a $100,000-$165,000 (with the self-driving packages) vehicle.
The only other $100k+ car I've ever driven is a Range Rover. So I'm not an expert, but I feel like the Model S is considerably "more for the money". Faster acceleration, no gas, large screen, etc. I realize that's not why people buy Range Rovers, but my point is that even with most things being subjective, you can't reasonably call a Model S "a complete rip-off".
As Musk said via Twitter, the Model S is on Gen. 4, and continues to offer the most advanced technologies.
That said, most people are waiting for the Model 3 because they can't (or do want to) afford a $100,000-$165,000 (with the self-driving packages) vehicle.