Tesla Starts Offering $45K Model 3

Tesla Starts Offering $45K Model 3

Tesla Starts Offering $45K Model 3

However, Tesla is promoting the auto as costing as little as $30,700 by factoring in "gas savings" and all possible federal and local electric vehicle tax incentives (but not the destination charge).

Buyers of the Mid-Range Model 3 will only be able to opt for rear-wheel drive, as the dual-motor, all-wheel drive option is limited to the Long-Range and Performance variants.

Someone in Zimbabwe is fed up with queuing for fuel - they have bought an electric-powered Tesla Model X. Perhaps further contributing to the confusion, Tesla is taking money for a feature that has no known launch date and may not come to fruition before buyers sell their vehicle. (Destination charges add $1,200.) The cost is $45,000 without incentives. But in the meantime, the electric-car maker is taking orders for a mid-range battery Model 3 that's edging closer to that sticker price. If you believe Tesla's calculations, the mid-range model's cost works out to $34,400 once you factor in that full tax credit and gas savings over a six-year period.

The previously-unannounced Model 3 will sit between the current Long Range and Performance models, and the yet-to-be-released entry-level model. By this time, Tesla vehicles will no longer be eligible for the full $7,500 federal tax credit as it will be reduced to $3,750 starting January 1st, 2019.

"As Model 3 production and sales continue to grow rapidly, we've achieved a steady volume in manufacturing capacity, allowing us to diversify our product offering to even more customers", Tesla revealed to CNBC in a statement.

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.

Tesla confirmed to Green Car Reports that the 220-mile Standard Range model-the one that was originally targeted for a $35,000 price-remains 4-6 months out. And while that may not be a dealbreaker in itself, it's drifting farther away, once again, from the Model 3's original promise.

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