Tesla is finally making a lower-cost Model 3

Business Insider | 10/19/2018 | Troy Wolverton
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Tesla is introducing a lower-priced version of its Model 3 sedan.

The base price will be $45,000; it will cost about $35,000 in California after federal and state tax rebates.

Company - Model - Vehicle - Masses - Building

The company has long promised the Model 3 would be its vehicle for the masses, but it originally focused on building premium versions of the car while it struggled to ramp up factory production.

Tesla is finally offering a less expensive version of its Model 3 electric car.

Company - Orders - Cost - Mid-range - Version

The company has relased and is taking orders for a "lower cost, mid-range" version of its mass-production vehicle, Tesla CEO Elon Musk announced Thursday on Twitter. The base price will be $45,000. But in California, it will cost $35,000 after federal and state tax rebates, Musk said.

Tesla expects to begin deliveries in about four months, a company representative said.

Midrange - Version - Model - Motor - Rear-wheel

The new midrange version of the Model 3 has a single motor and rear-wheel drive, and a battery pack that will go around 260 miles on a charge. The performance and long-range versions each have all-wheel-drive and dual motors and battery packs that will go some 310 miles on a full charge.

Musk said Tesla has set up a new web page to take orders for the lower priced Model 3. On that page, customers can choose one of three versions of the Model 3 — the top-of-the-line performance version, the long-range battery one, and the new midrange battery variant.

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