We’ve got quite the roundup of Tesla related news for you today. Tesla has announced general availability of the long-awaited $35,000 Model 3 base edition that Elon Musk promised over three years ago.
We’ve got quite the roundup of Tesla related news for you today. Tesla has announced general availability of the long-awaited $35,000 Model 3 base edition that Elon Musk promised over three years ago.
The Model 3’s previous starting price as of yesterday was just a bit over $42,000 so this is good for a seven thousand dollar discount. The new base Model 3 will have a range of 220 miles under normal driving conditions and will achieve a 0-to-60 time of 5.6s on the way to a top speed of 130 miles per hour.
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The announcement comes at a crucial time for Tesla ( NASDAQ:TSLA), as U. S. tax incentives for buying an electric vehicle are drying up. Buyers a few months ago could get up to $7,500 back in tax rebates and those incentives going away means buyers are less likely to see the value proposition in a Model 3. A nice $7,000 discount goes a long way in easing that pain, and the timing makes sense, as Tesla has probably burned through the bulk of its impressive half a million (or more) pre-orders it received for the vehicle.
