Tesla begins sales of cheapest yet Model 3 vehicle variant in China

Tesla begins sales of cheapest yet Model 3 vehicle variant in China

Tesla begins sales of cheapest yet Model 3 vehicle variant in China

The cheapest Model 3s ordered online will now include Tesla's Autopilot driver-assistance system and a longer battery range, features that increase the price to $39,500.

In addition, Tesla says you'll have to either call them or visit a store to buy the Model 3 Long Range Rear-Wheel Drive.

The updates come against the backdrop of the company's continuing struggles to deliver the Model 3 at a $35,000 price point and move the automaker from a niche luxury brand into a maker of affordable electric vehicles for the masses.

Tesla announced major changes to its model lineup Thursday, especially the Model 3, in an effort to shore up sales.

Tesla's coveted $35,000 Model 3 finally arrived as an option back in February but you wouldn't know it by visiting the company's website today. It also includes Tesla's Navigate on Autopilot, which can guide a auto through highway interchanges and exits, and suggest and make lane changes.

From 11 April, the Model 3 leasing program launched in the USA, too, allowing customers to lease a Model 3 through monthly payments in addition to an initial down payment. He reiterated this when he announced the January layoffs, writing about the twin goals of cutting costs and ramping up the production rate of the Model 3.

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The Standard version will have its range limited by 10 percent-which means 216 miles of range for the Standard, versus 240 miles for the Plus, according to Tesla.

To make that easier to stomach, Tesla has also introduced leasing.

The good news for Standard Range Model 3 buyers is that they will now get synthetic leather upholstery and power seats that their cars were not expected to have. A challenge to vehicle demand has been the lowering of a USA tax credit on Tesla vehicles to $3,500 from $7,500 previously.

What Tesla failed to mention was that the Standard Range Plus was now open for ordering in several new markets in Europe and China. United States customers can choose from 10,000, 12,000 and 15,000 mile annual usage options, depending on their budgets and driving.

Tesla's Autopilot is in two packages.

There's also a catch to Model 3 leasing. Instead, Tesla said it wants to use the cars as part of a future ride-hailing network as it works on self-driving cars. However, there's a catch - buyers will not get a chance to own their respective Model 3 at the end of their lease.

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