Tesla is finally making a lower-cost Model 3 (TSLA)

Tesla is finally making a lower-cost Model 3 (TSLA)

Tesla Model 3 ReviewMatthew DeBord/BI
  • Tesla is introducing a lower-priced version of its Model 3 vehicle.
  • The base price of the car will cost $45,000; it will cost about $35,000 in California after federal and state tax rebates.
  • The company has long promised the Model 3 will be its vehicle for the masses, but it originally focused on building premium versions of it while it struggled to ramp up its production.

Tesla is finally offering a less expensive version of its Model 3 electric car.

The company has relased and is taking orders for a “lower cost, mid-range” version of its mass-production vehicle, Tesla CEO Elon Musk announced Thursday on Twitter. The base price of the car will be $45,000. But in California it will cost $35,000 after federal and state tax rebates, Musk said.

Musk said Tesla has set up a new web page to take orders for the vehicle. On that page, customers can choose one of three versions of the Model 3 — the top-of-the-line performance version, the long-range battery one, and the new mid-range battery one.

Screen shot of new Model 3 order page from TeslaTesla’s new Model 3 order page.Tesla

To date, the company had only been offering more expensive versions of the car. The performance version of the car has a base price of $64,000. That’s before the tax incentives, but it also doesn’t include options such as the company’s “autopilot” automated driving system, which many customers choose to add on.

Tesla originally touted the Model 3 as the car it would mass produce and price for mainstream consumers after first producing luxury vehicles in the Model S and Model X. That promise helped it lure in some 400,000 pre-orders for the vehicle.

But Tesla has struggled to ramp up production on the Model 3 and initially focused on making the higher end versions.

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Published at Thu, 18 Oct 2018 23:23:09 +0000

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