Still no sight of Musk's $35,000 Tesla Model 3, but you can now order a $45,000 version
New York — Tesla’s long-promised $35,000 version of the Model 3 sedan is still nowhere to be found, but it’s inching closer to that price point. The electric-car maker has started taking orders for a mid-range battery Model 3 that goes about 420km between charges for $45,000. That’s about $4,000 less than the starting price of the sedan that went on sale in 2017, excluding incentives or options. The release of a lower-priced Model 3 was a “logical next step”, Evercore ISI analyst Arndt Ellinghorst said in a note. Offering cheaper versions of the vehicle raised a “big and unanswered question” of Tesla maintaining profit targets for the car, he said. While Tesla is making the Model 3 more accessible to some buyers, the starting price for sedans with the long-range battery is rising to $54,000. This iteration of the car boasts 500km of driving range, plus a faster top speed and zero-to-60 time. A cheaper rear-wheel version will no longer be available. CEO Elon Musk noted in a tweet tha...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.