Tesla launches new $45,000 version of Model 3 sedan with mid-range battery
Tesla Inc on
Thursday introduced a new $45,000 version of its Model 3 sedan on its website,
launching the car as U.S. tax breaks for Tesla cars are about to decrease.
According
to the website, 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.
The
new version has a delivery period of six to 10 weeks, according to the website,
which would customers eligible for the current $7,500 U.S. tax credit if they
take delivery by the end of the year. The tax credit for Tesla cars will drop
by half on Jan. 1.
Although
Tesla has promised a base-level version of the Model
3 priced at $35,000, so far it has only produced higher-cost versions
starting at about $49,000. 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. It is not
clear how many of the more than 400,000 reservations for the Model 3 are for
the base models. Read
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