Tesla Offering a New Mid-Range Battery Option for the Model 3
【Summary】Tesla is offering a new a mid-range version of the Model 3, with an estimated range of 260 miles. The new mid-range Model 3 is priced at $45,000 before incentives.
When Tesla CEO Elon Musk announced the company's first mass-market electric car the Model 3, people were excited. At the time Musk said the fully-electric car would start at $35,000 before incentives. However, although the car is extremely popular and generated over 400,000 pre-orders, the elusive entry-level $35,000 Model 3 is still not available.
Instead, Tesla has been building the long-range and a more expensive performance version of the car first, which both come with considerably higher price tags.
Now the company, is diluting the car's options even further, by offering a mid-range version of the Model 3. The new version has an estimated range of 260 miles. The new mid-range Model 3 is priced at $45,000 before incentives. The mid-range Model 3 is listed on Tesla's website as a available option as of today.
The mid-range Model 3 has an advertised range of 260 miles, while the long-range and performance variant delivers up to 310 miles between charges. The base Model 3 which is not yet available, is being advertised with a range of 240 miles.
Tesla said earlier last month that the base version will go into production within the next 8 months, so the mid-range option suddenly appearing on Tesla's website surprised some people, especially those waiting 18 months or more for the $35,000 Model 3. What may further irk some reservation holders is that Tesla's website says deliveries of the mid-range Model 3 will begin in approximately 6-10 weeks.
It is possible that some reservation holders may opt for the mid-range version instead, since it will be available much sooner. It is not known if they will be allowed to jump the que and purchase the mid-range range Model 3 instead.
Tesla is counting on the lower priced Model 3 to achieve profitability. However, since production began in July 2017, Tesla has struggled to hit its production targets, leaving potential owners frustrated over longer delivery times.
The company aim to build 5,000-6,000 Model 3's each week, but so far is only averaging around 4,275 per week, according to Bloomberg's Tesla Tracker, which tracks production of the car.
Once again, people eagerly awaiting the base Model 3 for $35,000 will just have to wait a little longer. The question Elon Musk needs to answer is, "How much longer will they have to wait?"
StradVision is Pitching its Advanced Vision Perception Technology to German Automakers at ‘Startup Autobahn’
Electric Automaker Tesla to Raise $2 Billion by Issuing New Shares
California's State Assembly is Pushing a Bill to Speed Up the Construction of New EV Charging Sites
New U.S. Car Brand Vantas Plans to Build & Sell its China-designed Vehicles in North America
Ford Motor Co Shakes up its Top Executive Team as the Automaker Prepares for its Future
ChargePoint is Installing EV Chargers at 4,000 Truck Stops Across America
Uber Granted a Permit to Test its Self-driving Vehicles on Public Roads in California
UPS is Working to Secure its Future with New Partnerships for Electric & Self-Driving Vehicles
- Nissan Looks to Expand Electric Vehicle Powertrains With e-4ORCE Platform
- Industry Analysis: It’s Now or Never for U.S. Automakers General Motors & Ford to Catch Up to Tesla
- Volvo Trucks' All-Electric VNR Truck Pilot Program is Showcased in California
- BMW Showcases Upcoming i4, Claims 373 Miles of Range
- Tesla’s Premium Connectivity Features to Cost $10 a Month
- Chinese Automaker Lixiang Automotive Has Filed for a Confidential U.S. IPO, Sources Say
- Polestar Enters Final Prototype Phase Before Production of the Mass-Market Electric Polestar 2
- Chief Executive Officer of Toyota Motor North America Announces His Retirement
- EV Startup NIO to Partner with Intel’s Mobileye on Self-Driving Cars
- BMW Upcoming iX2 Electric Crossover Spied for the First Time