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Tesla is rolling out a cheaper, mid-range Model 3

Tesla is now offering a new, cheaper mid-range battery version of the Model 3 that starts at $45,000 before federal tax incentives.
CEO Elon Musk announced the new variant, which has an estimated battery range of 260 miles, via Twitter. The company’s website has already been updated. Customers in the U.S. can order the mid-range version as of today and it will soon be offered in Canada as well.
Tesla is rolling out a cheaper, mid-range Model 3


Musk tweeted that the mid-range Tesla Model 3 costs $35,000 after federal and state tax rebates in California.
However, for customers to realize the full $7,500 federal tax incentive, they must take delivery of the electric vehicle by December 31, 2018. The delivery estimate for the mid-range version is 6 to 10 weeks, which means customers who order the vehicle by late October or early November should still be able to get the full tax credit.
Earlier this year, Tesla delivered its 200,000th electric vehicle. The achievement activated a countdown for the $7,500 federal tax credit offered to consumers who buy new electric vehicles. The tax credit begins to phase out once a manufacturer has sold 200,000 qualifying vehicles in the U.S. Under these rules, Tesla customers must take delivery of their new Model S, Model X or Model 3 by December 31.


Costs $35k after federal & state tax rebates in California, but true cost of ownership is closer to $31k after gas savings
— Elon Musk (@elonmusk) October 18, 2018
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