Date
13 November 2018
Tesla has introduced a mid-range version of its Model 3 sedan after promising a cheaper base-level model. Photo: Reuters
Tesla has introduced a mid-range version of its Model 3 sedan after promising a cheaper base-level model. Photo: Reuters

Tesla launches US$45,000 version of Model 3

Tesla on Thursday introduced a new US$45,000 version of its Model 3 sedan on its website, launching the car as US tax breaks for the firm’s vehicles are about to decrease, Reuters reports.

The rear-wheel-drive model has a “mid-range” battery, a range of 260 miles, 50 miles less than the long-range battery that the more expensive Model 3 is equipped with, according to the report.

The new version has a delivery period of six to 10 weeks, which would make customers eligible for the current US$7,500 US tax credit if they take delivery by the end of the year.

The tax credit for Tesla cars will drop by half on January 1.

Although Tesla has promised a base-level version of the Model 3 priced at US$35,000, so far it has only produced higher-cost versions starting at about US$49,000, Reuters said.

Tesla has said that it would not manufacture the base-level version of the Model 3 this year.

Adding the mid-priced version of the Model 3 appears to be a strategic way to lure possible buyers who had been waiting for the lower-priced version, the report noted. 

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RC

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