Tesla Launches New Affordable Model 3 Configuration In The U.S

(Source-carbuzz.com)

Tesla launches New Affordable Model 3 configuration in the United States, promising to make electric vehicle (EV) ownership more accessible. Known as the Model 3 Long Range Rear-Wheel-Drive, this latest addition to Tesla’s line-up is priced at an attractive $34,990 after applying the federal electric vehicle tax credit. This new model is positioned as one of the most thoughtfully designed EVs Tesla has introduced, offering over 360 miles of range, exceptional acceleration, and a high-top speed that rivals many luxury cars.

Affordable yet High-Performing: Specifications and Pricing

Starting at $34,990 post-tax credit, the Model 3 Rear-Wheel-Drive is now Tesla’s most affordable vehicle, priced $4,000 below the standard rear-wheel-drive configuration. This new model boasts an impressive EPA-estimated range of 363 miles and can reach a top speed of 125 MPH. In terms of acceleration, it can go from 0 to 60 MPH in just 4.9 seconds. Tesla has also made this model available in Puerto Rico, expanding its reach to more markets.

Tesla has highlighted additional cost benefits, factoring in $5,000 in gas savings over five years, bringing the hypothetical price down to under $30,000, at $29,999. At this price point, the combination of range and performance is unmatched, with very few electric vehicles on the market able to compete. Despite its affordability, Tesla has not yet listed this vehicle for lease availability.

Market Impact and Future Deliveries

Tesla Launches New Affordable Model 3 with Deliveries Starting Before Month’s End, with initial delivery estimates between July and August 2024. The Model 3, dubbed “Highland” by many, features more defined exterior shaping, new headlights, enhanced suspension and handling, and a more minimalistic interior design.

This strategic move by Tesla to offer a competitively priced Model 3 with substantial range and performance is expected to boost sales. With the Model 3 having seen reduced demand in favor of the Model Y in recent years, this new configuration could help rejuvenate interest in Tesla’s sedan offerings, complementing the already successful crossover options.

Tesla’s decision to release this affordable yet high-performing model demonstrates its commitment to making electric vehicles more accessible to a broader audience, potentially increasing its market share and benefiting both the company and consumers.