Tesla's latest price cut brings Model 3 pricing below $40,000
across its lineup, with some models getting a price drop of as much as 20 percent.
As Tesla notes on its website, though, the rear-wheel drive model now only qualifies for $3,750 in tax credits after the government'stook effect on April 18th. The new rules are related to the US cutting off China as an approved trading partner, which would lead to EVs using China-made batteries losing tax credits as a result. To note, Tesla's other cars are still eligible for the full $7,500 tax credits, including the Model Y vehicles that also got a price cut.
The base, the Long Range and the Performance Model Y vehicles now cost $3,000 less than before. The base Model Y will now set buyers back $46,990, while the Long Range and Performance vehicles now cost $49,990 and $53,990, respectively. When Tesla reported its earnings for 2022 in January this year, Elon Musk said the company was seeing orders"almost twice the rate of production.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2023 Volkswagen ID 7: new Tesla Model 3 rival arrives today | AutocarThe Volkswagen ID 7 will be fully revealed later today - we've got all you need to know about the Tesla Model 3 rival
Read more »
Smart #3 Is An All-Electric Tesla Model Y Rival Unveiled At Shanghai | CarscoopsResult of joint project between Mercedes and Geely should offer same single- and dual-motor powertrain options as the smaller Smart 1 car auto cars
Read more »
VW aims to dethrone the Tesla Model 3 with its long-ranging ID.7 electric sedanIt will go on sale in the US in 2024.
Read more »
Volkswagen's new Tesla Model S competitor has a smaller battery, more rangeThe new Volkswagen ID.7 sedan arrives in Europe and China this year, ready to compete with Tesla.
Read more »
Tesla Model 3 Long Range RWD Will Be Available Again In EuropeThe Tesla Model 3 Long Range RWD (Rear-Wheel Drive) might soon be re-introduced, according to new media reports.
Read more »
Tesla Model 3 Facelift Confirmed By Trusted SourceThe updated Model 3, allegedly leaked on Reddit last week, is seemingly legit according to Teslascope.
Read more »