Tesla Starts Offering $45K Model 3

Tesla Model 3

In other words, the new Tesla Model 3 costs $45,000 before incentives.

The Model 3 sedan now being offered by Tesla can travel about 260 miles between charges and costs $45,000, some $4,000 below the starting price of the sedan that the company began selling a year ago, excluding options and incentives.

Musk, 47, first unveiled the Model 3 to great fanfare in March 2016, pledging that it would start at $35,000 before incentives. Musk did hint that the cheapest Model 3 may arrive early next year, tweeting that shipping cars with partially filled battery packs was better than waiting until February.

And while Tesla said last week that only cars ordered by October 15 would be guaranteed delivery before the end of 2018, when the available federal tax credit for their purchase drops from $7,500 to $3,750, the Model 3 ordering website says that deliveries of the mid-range versions are possible within six to 10 weeks, which would get some in before the deadline. So, if you do go with that option, your sweet Federal Tax credit is going to be diminished. A dual motor, all-wheel drive version with a long-range battery (310 miles) starts at $54,000. It's priced at $45,000, but Tesla notes that with first deliveries of it made before the end of the year, it will be eligible for both the $7,500 federal EV tax credit and a California incentive of $2,500-bringing the price down to that magic $35k number there, and perhaps below that in some places. But Tesla says it's able to build these slightly cheaper cars by using the same battery pack as the more expensive, longer-range cars but with fewer cells inside. Within days, the company had more than a quarter million reservations.

Turkish official: New evidence writer slain in consulate
Those policies are all seen as initiatives of Prince Mohammed, the son of King Salman, who is next in line to the throne. Saudi officials have been in and out of the building since Khashoggi's disappearance without being stopped.

SER: Neymar can leave PSG in the summer for 220 million euros
Barcelona are believed to have been nonplussed by Neymar's advances in recent months after being left angry by the way he engineered his move to PSG in 2017.

Marijuana Is Now Legal in Canada. Here's How It's Going So Far
With the launch of the BC Cannabis Stores website , cannabis prices for the province have been revealed to the public. The change raises questions for USA travelers eager to hightail it across the border and light one up.

Tesla chief Elon Musk said late Thursday that the automaker was preparing to sell the cheapest version yet of its newest electric vehicle, the Model 3, signalling an attempt to get back to business after months of controversy.

"True cost of ownership is closer to $31k after gas savings", Musk claimed.

Tesla has been dogged by delay and delivery issues in the past.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Related News:



Most liked

Tom Holland debuts shiny new Spider-Man suit on Jimmy Kimmel
In his flawless Brooklyn accent, not once breaking character, Holland demanded that Guillermo give him back his mask. Soon as we've got something official to share, you'll see 'em on our front page.

Jason Chaffetz’s attempt to mock Elizabeth Warren gets blasted online
Others also cared because Warren had listed herself as a minority in an Association of American Law Schools directory. She released a video of her family members discussing her claims of Native American background.

Belfast author Anna Burns wins Man Booker Prize
A local TD has joined in the chorus of congratulations for author Anna Burns who last night won the prestigious Man Booker Prize. The prize, subject to intense speculation and lively betting, usually brings the victor a huge boost in sales and profile.

Davis shines as Pelicans rout Rockets, Kawhi debuts in Toronto
Julius Randle took 69 percent of his shots at the rim. "I know it's tough", D'Antoni said of Anthony coming off the bench. The 2018 National Basketball Association offseason was uncharted territory for Houston Rockets forward Carmelo Anthony .

Facebook Shareholders Back Intervention To Oust Mark Zuckerberg As Chairman
While stinging, and yet another marker of growing distrust of the social-media giant, the proposal is unlikely to have much sway. The proposal is largely symbolic since Zuckerberg holds absolute control of the board.

Google Maps on Android can now share trip progress via other apps
From here you'll be able to share your live location, route, and ETA with all your favorite contacts. Finally, Google Maps journey sharing feature is expanding to iOS devices, too.

Trump threatens to send army to US-Mexico border in migrant row
Edgar Corzo of Mexico's National Human Rights Commission expressed concern about the police deployment in Ciudad Hidalgo. After they take office, they have agreed to work together with the U.S.to attempt to make the plan endure long-term.

Orthodox Christianity split: Moscow may freeze relations with Jerusalem Patriarchate
The Orthodox Church in Ukraine has been under the jurisdiction of the Russian Orthodox Church since the late 1600s. Orthodox Christians in Ukraine have recently been divided into three separate groups.

Australia verge on losing Pakistan series
The incident happened in the 52nd over when Australian pacer Peter Siddle got Ali to edge a delivery to third-man. When the wickets were falling on another end, the Australian opener, Aaron Finch scored a decent knock of 39.

Trump concedes Khashoggi likely dead, threatens consequences
In his column, Khashoggi criticized the worldwide community for ignoring the ongoing abuses by governments in the Middle East. When asked whether he believes Khashoggi is dead, the president told reporters , " It certainly looks that way to me ".

Royals Harry and Meghan go barefoot on Bondi
It has been widely reported the Duchess of Sussex is around 12 weeks pregnant, with a due date some time in April. The couple was in Melbourne Thursday, where they were asked if they had any baby names in mind.

IPhone XR available for pre-order from Friday
The new iPhone XR is up for pre-order this Friday 19 October but it may sell out fast if rumours are accurate. The iPhone XR has its own appeal and it is likely to attract a lot of buyers even in a market such as India .

Meghan and Harry delighted by unusual gift
The pair are next returning to Sydney, Australia , where they started the tour, for more engagements before a four-day break next week.

Samsung Electronics buys network analysis firm Zhilabs in 5G push
Established in 2008, Zhilabs provides analyses of network condition, performance, and data traffic for about 50 telecom companies.

Trump praises congressman who assaulted journalist
Trump's comment was a reference to when Gianforte body-slammed a reporter in 2017 who got up in his face. On social media, though, some quickly noted Trump's omission.