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

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

Author: Manish Kharinta   

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.

Manish Kharinta
Manish Kharinta
Manish Kharinta is a automotive writer based in the Los Angeles area. He has worked for automotive industry websites, and His experience ranges from covering auto shows, to car reviews and breaking automotive news. Manish aims to bring forth his unique perspective on automotive design and technological innovations in the automotive industry.
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