Last week, Tesla announced
that the standard Model 3, with 220 miles of range, a top speed of 130 mph and 0-60 mph acceleration of 5.6 seconds is now available at $35,000. Although lower in cost, it is built to achieve the same perfect 5-star safety rating as the longer-ranged version. You may recall a few years ago, Tesla took around 400,000 deposits in advance for the $35,000 Model 3, but none of those were built.
In addition, they announced the Model 3 Standard Range Plus, which offers 240 miles of range, a top speed of 140 mph, 0-60 mph acceleration of just 5.3 seconds and most premium interior features at $37,000 before incentives. For 6% more money, you get 9% more range, more power, and an upgraded interior.
To achieve these prices while remaining financially sustainable, Tesla is shifting sales worldwide to online only. You can now buy a Tesla in North America via your phone in about 1 minute, and that capability will soon be extended worldwide. You can now return the car within 7 days or 1,000 miles for a full refund.
Tesla continued by saying “shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected.”
Wait! WHAT? You came out of the gate advertising it in 2017 as $35,000, so I am a little confused.
Over the next few months, Tesla will be winding down many of its stores, with a small number of stores in high-traffic locations remaining as galleries, showcases and Tesla information centers.
Tesla added “we’re also excited to announce that we’re implementing a number of firmware upgrades for both new and existing customers. These upgrades will increase the range of the Long Range Rear-Wheel Drive Model 3 to 325 miles, increase the top speed of Model 3 Performance to 162 mph, and add an average of approximately 5% peak power to all Model 3 vehicles.”