Skip to main content

Tesla keeps promise with more affordable Model 3 with midrange battery pack

Tesla Model 3
Miles Branman/Digital Trends

Tesla pledged its entry-level Model 3 sedan would cost $35,000 before federal incentives, but every example it has delivered to date has sold for at least $54,000. The company is keeping its promise of making the car more affordable over time by releasing a new variant of it priced under the $50,000 mark.

Tesla co-founder and CEO Elon Musk made the announcement on his personal Twitter account — where else? He posted a link to the Model 3’s ordering page, which includes the new model with the midrange battery pack. The specifications sheet lists rear-wheel drive (instead of dual-motor all-wheel drive) and up to 260 miles of driving range according to estimations made by the Environmental Protection Agency (EPA). It takes 5.6 seconds to reach 60 mph from a stop and maxes out at 125 mph.

To put those figures into context, the range-topping Model 3 Performance boasts 310 mile of range and a 3.3-second zero-to-60-mph time thanks to a dual-motor, all-wheel drive configuration. Buyers who select the cheaper option will need to charge more often, but the 260-mile rating places the Model 3 ahead of the Chevrolet Bolt and the more expensive Jaguar I-Pace, which the EPA rates at 238 and 220 miles, respectively.

Musk addressed concerns potential buyers raised about driving a rear-wheel drive car in the colder parts of the country. He said Tesla’s rear-wheel drive cars work well on snow and ice because the company did its traction testing on a frozen lake. “Dual-motor all-wheel drive is great but not required for cold weather,” he explained. “Just don’t use sport/summer tires.”

Pricing for the Model 3 with the midrange battery pack starts at $45,000. Tesla notes customers are eligible for the full $7,500 federal tax credit if they take delivery by the end of 2018. The company also points out buyers need to wait between six and 10 weeks for delivery. 10 weeks from the day of the announcement corresponds to December 26, 2018, so customers who want to benefit from the full credit need to place an order quickly. Customers who take delivery between January 1 and June 30, 2019, will only get $3,750 from the government, according to the company.

The Model 3 will keep getting more affordable. Tesla’s ordering guide states the standard battery pack — which presumably corresponds to the $35,000 base price — will be available in four to six months.

Editors' Recommendations

Ronan Glon
Ronan Glon is an American automotive and tech journalist based in southern France. As a long-time contributor to Digital…
Fiat’s 500e returns as a stylish and affordable small EV
Front three quarter view of a 2024 Fiat 500e.

The 2024 Fiat 500e marks the return of an EV that its maker once asked Americans not to buy. Fiat certainly thought the timing wasn't right for that original 500e, but the timing of the new version, which is scheduled to arrive in early 2024, seems impeccable.

The first Fiat 500e was sold only in California and Oregon, and was built purely to satisfy California's zero-emission vehicle mandate. Early EV enthusiasts liked it, thanks to an affordable price and retro styling carried over from a concurrent gasoline 500 model. But Sergio Marchionne, then head of Fiat Chrysler Automobiles (the predecessor of current Fiat parent Stellantis), said the company lost money on each car and once declared that he hoped customers didn't buy it.

Read more
Tesla offers behind-the-scenes look at Cybertruck bullet test
Tesla's lead Cybertruck engineer inspecting bullet damage on the new vehicle following a demonstration to highlight the strength of its exterior.

Tesla's lead Cybertruck engineer inspecting bullet damage on the new vehicle following a demonstration to highlight the strength of the pickup's exterior. Tesla

“Hey, I need everybody to clear out,” sounds like good advice for a test in which a new vehicle faces a hail of bullets.

Read more
Watch Tesla’s new promo video showing off the Cybertruck
Tesla Cybertruck

Tesla has released the first promotional video for the Cybertruck since delivering the pickup to the first buyers at a special event at Gigafactory Texas in Austin, on Thursday.

The video (below), shared on YouTube and social media, runs with the tagline: “More utility than a truck, faster than a sports car.”

Read more