New Cheaper Mid-range Version of Model 3 launched by Tesla

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Tesla has started offering its brand new, cheaper mid-range battery variant of the Model 3. Its price starts at $45,000 before tax. The new version, whose battery range is 260 miles, was announced via Twitter by CEO Elon Musk. According to him, the cost of the car is expected to be $35,000 without state and federal tax rebates in California. The car is now available for orders in the U.S. and is soon expected to launch in Canada.

Customers should take delivery before December 31st

In order to take advantage of the $7,500 federal tax incentive, customers must take the delivery by December 31st of this year. Considering the fact that the delivery time is estimated at 6-10 weeks, only customers who ordered the car not later than early November will be eligible for the full tax credit.

The $7,500 federal tax incentive was activated once Tesla delivered its electric vehicle number 200,000. Thanks to that, all customers who take delivery of Tesla’s electric vehicles Model S, Model X or Model 3 before December 31st will be able to receive the credit.

Low-cost Model 3 is not available yet

As Musk stated in his tweet, the mid-range Model 3 has a long-range battery, but with fewer cells. He said that the “non-cell portion of the pack is disproportionately high, but we can get it done now instead of February”.

The mid-range variant of Model 3 is obviously less expensive than its long-range dual motor version, but customers are still waiting for the base-spec variant of Model 3, which will have a standard battery with a different architecture. This low-cost vehicle, with its price set at $35,000 before incentives, is not expected to be available for at least the next four months.


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