Tesla Inc. has slashed the price of its mid-range Tesla Model 3 luxury all-electric sedan by $1,100 as it doggedly tries to bring the unsubsidized starting price of this vehicle down to $35,000. With the price cut, the starting price of the mid-range now stands at $42,900 before incentives. The reduction covers all three versions of the Model 3, including rear-wheel drive, all-wheel drive and performance models. This move is Tesla's second price reduction this year. Tesla announced a fleet-wide price cut of $2,000 in January. This move reduced the price of the mid-range Model 3 to $42,900, which is nine percent lower than the $46,000 price tag on Dec. 31, 2018. The mid-range Tesla Model 3 was priced at $45,000 during its launch in October 2018. The company increased the price to $46,000 five days after the car's launch. It was forced to reduce the price by $2,000 to offset the lower federal tax credit. Tesla said the latest price cut was primarily due to ending the company's referral … [Read more...] about Tesla Model 3 price drop: Cuts $1,100, moves closer to $35,000 target
Range tesla model 3
caption Our Tesla Model 3 test car. source Hollis Johnson/Business Insider The Model 3 is Tesla’s first foray into the mass market. The Tesla Model 3 starts at $35,000. However, the smaller battery pack need for the base Model 3 won’t be in production until the end of the year. Currently, only the $44,000 longer range Model 3 is available. Our test car’s as-tested price is $57,500. The Model 3 is packed with really interesting features such as a minimalist interior, advanced infotainment, and Tesla Autopilot. There have been few cars more sought after in recent memory than the Tesla Model 3. It’s Tesla’s first foray into the mass market after dominating the luxury electric vehicle segment for much of the past decade. Recently, Business Insider had the chance to spend a few hours with a brand new Model 3 on the road in and around New York City. … [Read more...] about We drove a $58,000 Tesla Model 3 and were blown away by its minimalistic design and high-tech features. Here’s what else impressed us.
caption Musk is known for his active presence on Twitter, which he has used to engage with customers and announce vehicle updates. source Joe Skipper/Reuters Elon Musk confirmed that Tesla Model 3 occupants will be able to control music and the rear-seat climate with the Tesla app, get sonic blind-spot notifications, and receive an improved user interface. Musk said on Twitter that the features would arrive in the next few months. Musk is known for his active presence on Twitter, which he frequently uses to engage with customers and announce vehicle updates. Elon Musk confirmed that Tesla Model 3 occupants will be able to control music and the rear-seat climate with the Tesla app, get sonic blind-spot notifications, and receive an improved user interface. On Wednesday, Musk said on Twitter that the features would arrive over the next few months. Earlier in the day, Consumer Reports gave … [Read more...] about Elon Musk promises Tesla Model 3 will get some new features in the coming months
caption The Tesla Model 3. source Hollis Johnson/Business Insider The Tesla Model 3 and the Chevy Bolt are your two main choices if you’re in the market for an all-electric vehicle with 200-plus-mile range. The Model 3 has a base price of $35,000, and the Bolt has the base price of $37,500, and a $7,500 federal tex credit is available for both. We found that head-to-head, two very different cars wound up in a surprising dead heat. Last year, we were so impressed by the Chevy Bolt that we named it a 2017 Car of the Year runner up. Early this year, we spent some time getting to know the hotly anticipated Tesla Model 3. We haven’t properly reviewed the Tesla Model 3 yet, but we will later in 2018. In the meantime, we thought it might be worth it see how the two vehicles stack up against each other. Read on to find out what we thought. Let’s start with the Chevy Bolt, in … [Read more...] about We drove a $57,500 Tesla Model 3 and a $43,000 Chevy Bolt to see which is better — here’s the verdict
caption Tesla’s Model 3 has a lot of strong qualities. source Hollis Johnson/Business Insider Both Business Insider and Consumer Reports have recently sampled the Tesla Model 3. We mostly agreed about the car’s quality. But we differed on a few important points. CR and BI will review the Model 3 more extensively later in 2018. We recently tested the Tesla Model 3, for a brief period – about three hours. Myself and Business Insider’s senior transportation reporter Ben Zhang came way impressed. But we were impressed with the Model 3 as a car, not just a piece of advanced technology with four wheels. We think this is important because the Tesla Model 3 has to do more than satisfy early adopting techies who don’t care about ride quality or performance. Ben and I test dozens of vehicles every year, and often they’re high-end, big-ticket luxury cars and SUVs … [Read more...] about The first Tesla Model 3 reviews are coming in — and one thing stands out