Monday, 12 November, 2018

Tesla now sells Model 3 with 260-mile range, $45,000 sticker

Tesla Model 3 Additional front drive motor in all-wheel-drive versions swings back out of the way in a collision
Lloyd Bates | 21 October, 2018, 02:38

The automaker ultimately expects the Model 3's more affordable starting price compared to its Model S and X will help the electric-car company sell hundreds of thousands of units every year - crushing the approximately 100,000 Model S and X units combined Tesla is delivering on an annualized basis. Musk has promised a version of the Model 3 with a base price of $35,000, which has yet to be realized.

The electric-car company told CNBC in a statement: "As Model 3 production and sales continue to grow rapidly, we've achieved a steady volume in manufacturing capacity, allowing us to diversify our product offering to even more customers". The company, under Elon Musk, has treated vehicle production in a way most people treat phones - regular software updates add more features, and every now and then, Elon Musk adds some fuel (pardon the pun) to the fire by making some extravagant claim that most of us have learned by now to know is extravagant. This new mid-range version of the Model 3 gives Tesla a way to lower the vehicle's price slightly while expanding its addressable market to a wider audience.

In New York, the $2,000 subsidy would get the price for the new Model 3 to $35,500 for buyers who meet the December 31 deadline.

Tesla's new midrange Model 3 will offer 260 miles between charges and start at $45,000.

The self-driving capability that Tesla Inc. customers have been able to pay for but not activate for two years is going on hiatus.

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Musk, 47, first unveiled the Model 3 to great fanfare in March 2016, pledging that it would start at $35,000 before incentives.

But that price takes into account federal and state tax rebates.

This $75,000 Model X was seen in Harare this week and is believed to be the first fully electrical auto to be delivered to the country.

That long-awaited price point may still be another few months away, Musk suggested in a post on Thursday describing the mid-range Model 3.

Tesla still hasn't introduced the base Model 3, but at least now it's bringing out a mid-range battery model priced from $46,200.

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