Tesla Model 3 Prices Hike and Entry-level Variant Gets Extended Range

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【Summary】In a recent development, Tesla has updated its online configurator once again and the price of the entry-level Model 3 Standard Range Plus has been increased.

Manish Kharinta    Oct 25, 2019 7:00 PM PT
Tesla Model 3 Prices Hike and Entry-level Variant Gets Extended Range

Tesla introduced the entry-level variant of Model 3 earlier this year with prices starting at $35,000. This version of Tesla's mass-market offering was announced by the company quite a while ago when anticipation was at an all-time high. 

After its launch, the $35,000 Model 3 variant soon became the EV manufacturer's most sought after products, although it wasn't available initially. The automaker only offered the more expensive versions at launch.

Tesla soon removed the $35,000 version of Model 3 from its online configurator. 

In the months that followed, the Standard Range Plus (SR+) Model 3 went on to become the "new entry-level" variant of the electric sedan, with prices starting at $38,990. Tesla Model 3 SR+ is currently the cheapest variant available on the online configurator.

However, savvy customers can still buy the $35,000 Model 3 variant as an "off the menu" software locked version. Tesla also updated its online configurator and the Standard Range Plus variant is now $500 more expensive than before. 

Along with the $500 price hike, Tesla has also enhanced the range of Model 3 SR+ variants to offer 10 additional miles. 

Unlike the SR+ Model 3, the more expensive Long Range version of the electric car remains unchanged and continues to feature the $47,990 price tag and offers the same 310-mile range. However, this is not the case for the Model 3 Performance.

The Tesla Model 3 Performance now starts at $56,990, which makes it $1,000 more expensive than before, although the specifications of Model 3 Performance remain unchanged.

The Performance version continues to offer 310 miles of Range, but Tesla now offers a set of all-new Smoked Grey Performance Wheels as a substitute for the standard wheels in the performance variant. The Long Range Tesla Model 3 continuous to ride on the brighter 20-inch alloys.

These are exciting times for Tesla, as the company gears up for the global debut of its much-anticipated pickup truck next month. The electric automaker EV has also procured approvals to commence production operations in China which will bring down the prices of Model 3 in the market by circumventing steep import tariffs.

Tesla reported record deliveries in the third quarter, Tesla managed to sell 97,000 units, a personal record since the Model S first started rolling off the assembly line in 2012.

Overall, Tesla's third-quarter figures are quite impressive, even though it fell short of the company's 100,000 deliveries projection.

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