Tesla Model 3 introduced with mid-range battery pack at $45,000

22 October, 2018, 19:07 | Author: Frank Williams
  • Tesla Model 3

This new option is priced at $31,200, after factoring federal tax credits, state tax incentives, and estimated energy savings from using electricity.

The Mid Range comes with a single motor and rear-wheel drive whereas the Long Range and even pricier Model 3 Performance now come with dual motors and all-wheel drive exclusively. A $1,200 destination and handling fee will also apply.

The battery pack itself, according to a Tweet from Musk, is from the Long Range model. 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.

Along with the mid-range option release, Tesla has altered its entire pricing structure for the Model 3 - both of which were unexpected.

The Model 3 is a four-door compact sedan that can seat up to "five adults comfortably, and the word comfortably is the key", Musk said.

More news: 'Orange Is The New Black' To End After Season 7

The company offers its Enhanced Autopilot suite as a $5,000 upgrade that allows buyers to immediately take advantage of semi-automated steering, acceleration and braking in certain conditions. It has what the carmaker describes as "a unique architecture that is not yet in production".

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. The long-range rear-wheel-drive vehicle will be available "off menu" for several days.

When asked when the new model will be available in dealerships, Musk said that he was sure that would happen before the year is out. With this announcement, the entry point to Tesla ownership is now $4,000 less, though with decreased battery range. That's a timeline that could just eke a number of cars through for delivery-especially perhaps in California and on the West Coast-in time for the full $7,500 tax credit.

The tax credit for Tesla cars will drop by half on January 1.

For investors, the latest Model 3 may heighten scrutiny of gross margins. If you do, they'll still oblige and let you pay extra for the now useless add-on.

Recommended:



Popular

Guwahati ODI: West Indies on course for a fighting total
For the calendar year of 2018 he now averages a remarkable 127, and he still has six matches left to torment rival bowlers. India dominated with the bat through out the innings as Rohit remained unbeaten on 152 while Virat was dismissed for 140.

Purdue erupts in 29-point defeat of No. 2 Ohio State
Purdue coach Jeff Brohm said he emphasized being aggressive in all facets of the game and his team played with aggression. Ivory Kelly-Martin ran for 98 yards for Iowa, which had its first shutout since a 28-0 victory at IL two years ago.

Saudi king, crown prince send condolences to Khashoggi´s son
After weeks of denying knowledge of his fate, Saudi officials said the prominent journalist was killed in a "rogue operation". President Donald Trump had spoken on the telephone and agreed that "all aspects" of the case needed to be cleared up.

Lakers' James to make home debut against Rockets
The LeBron Era, meanwhile, officially began Thursday with the Lakers' first game of the regular season. His game was not ideal , however, as James went 0-4 on three-pointers and notched six turnovers.

Saudi Arabia Confirms Khashoggi Dead, Claims Killed in Fight
The Saudi public prosecutor didn't disclose details on the whereabouts of Khashoggi's body or who was involved in the altercation. It, however, said the investigations were still in the process and that 18 Saudi nationals were being held for questioning.

Black Caps lose Guptill for Pakistan series
Abbas finished the series with 17 wickets in two matches and was named man of the match and man of the series for his exploits. Travis Head's nick to Abbas on 36 in the seventh over of the day sparked a woeful collapse of 4-7 in 26 balls.

Mexican ambassador makes a stunning accusation about migrant caravan from Honduras
The developments on Friday came as Mike Pompeo prepared to fly to Mexico to discuss migration with the country's officials. Donald Trump has threatened to send the U.S. military to close the border with Mexico in angry early-morning tweets.

"He's My Kind Of Guy": Trump Praises Congressman Who Assaulted Reporter
Trump said he originally thought the assault - which took place on the eve of his election - might hurt Gianforte's chances. He was ordered to pay $385 (£304), complete 40 hours of community service and 20 hours of anger management counselling.

Powerful Afghan police chief killed in shooting at security meeting
Raziq and two others, including the provincial intelligence chief and a journalist, were killed in the attack. Even if the Taliban did not plan the attack, it is likely to hugely benefit them.

PTV Sports Live Streaming Pakistan vs Australia Second Test
Mohammad Abbas and Bilal Asif have done the major damage as they bagged five and three wickets respectively on Wednesday. With Mitchell Starc picking up an injury, the 33-year-old Siddle has been added to the squad as cover.