Tesla Announces New Model 3 Variant That's $9000 Cheaper

Marco Green
October 19, 2018

Tesla has said that it would not manufacture the base-level version of the Model 3 this year. Autopilot is standard (emergency braking, front and side collision alerts), while Enhanced Autopilot (as Tesla says, "your auto will steer, accelerate and brake for you within nearly any traffic lane!") is $5000 up front or $6000 after it leaves the factory.

Adding the mid-priced version of the Model 3 appears to be a strategic way to lure possible buyers who had been waiting for the lower-priced version.

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

Tesla's new midrange Model 3 will offer 260 miles between charges and start at $45,000. Tesla has been focused on ramping up production to fill those higher-priced orders.

As with other Model 3 versions, Tesla hasn't revealed a precise battery capacity; but if it corresponds to range, this battery pack would factor in at about 63 kwh.

On its build site, Tesla listed an estimated delivery in 6-10 weeks for the Mid Range model, as opposed to 4-8 weeks for the Long Range All-Wheel Drive or All-Wheel Drive Performance versions.

With the arrival of the Model 3 Mid Range model, Tesla will no longer sell the rear-wheel drive Long Range version. GTM has contacted Tesla for clarification.

Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the auto as US tax breaks for Tesla cars are about to decrease.

In less confusing news, if you "take delivery" by the end of the year, you are "eligible for the full $7,500 Federal Tax Credit" - bringing the price down to $33,200 ("After incentives & gas savings").

While the true entry-level Model 3 has yet to arrive-that's the vehicle former CEO Elon Musk has promised would cost $35,000 and deliver 220 miles of range-this mid-spec, rear-wheel-drive version achieves 260 miles of EPA-estimated range.

The midrange Model 3 should be welcome news for those who can't afford to shell out upward of $60,000 for an electric auto.

Other reports by Click Lancashire

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