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Tesla knocks off USD 1,100 from Model 3 price

Auto News - Published on Mon, 11 Feb 2019

Image Source: The Economic Times
Tesla is cutting USD 1,100 from the base price of its car designed for the mass market, the Model 3. The electric car company now said on its website that the car starts at USD 42,900, still a ways from its goal of lowering the base price to USD 35,000.

Tesla cut 7 percent of its workforce last month to trim costs and reduce the price of the car. CEO Elon Musk says the Model 3 must be competitive with gasoline fueled cars for the company to succeed.

For USD 42,900 buyers will get a rear-wheel-drive Model 3 in black with Tesla's lower-range battery that goes 264 miles per charge.

The price doesn't include federal and state tax credits. The federal credit is now USD 3,750, but that expires at the end of the year.

Source :

Posted By : Joykumar Irom on Mon, 11 Feb 2019
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