Tesla launches new $45,000 Model 3

Tesla Model 3 Now Comes in a $45,000 ‘Mid-Range’ Version

Tesla Model 3 Now Comes in a $45,000 ‘Mid-Range’ Version

When the more affordable Tesla sedan launched previous year, pricing started at $49,000 for 310 miles of range, which was well above the $35,000 long-range EV the company promised.

Tesla has once again changed the game, this time with the release of a slightly less expensive version of its Model 3. Musk also revealed that the Model 3 ordering process has been simplified and now has fewer options. That model remains on hold until next year, according to Tesla.

Musk said Thursday the auto would be sold via Tesla's "super simple new order page", which estimated that delivery for its midrange model would take six to 10 weeks.

Elon Musk's goal for the Tesla Model 3 is to offer consumers a $35,000 electric auto while at the same time boosting the market for emission-free vehicles.

The specs: an anticipated EPA range of 260 miles, 0-60 mph acceleration in 5.6 seconds, and a top speed of 125 mph-compared with 310 miles, 5.1 seconds, and 140 mph for the Long Range rear-wheel drive version that was originally introduced. On Jan 1. 2019 the tax credit for these electric cars will be cut in half. "Our new mid-range battery is being introduced this week in the U.S. and Canada to better meet the varying range needs of the many customers eager to own Model 3, and our delivery estimate for customers who have ordered the Standard Battery is 4-6 months".

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Tesla says the "standard battery" version will not be available for another 4 to 6 months. The Tesla website notes that the full $7,500 federal tax credit is only available to customers who take delivery by the end of the year (given the company has already hit the 200,000 unit tax credit limit). Tesla did just take a step closer to achieving that, though.

Tesla has had very well-publicized issues with production and then delivery logistics over the previous year.

The current Tesla vehicle line (Roadster, Model S, Model X) ranges in price from $68,000 - $138,800 before tax incentives for electric cars.

The cheaper "standard-range" Model 3 is still absent from the new, simplified ordering page, and the company has made no secret of the fact that it can not afford to lose money selling the cheaper cars, no matter the demand.

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