Tesla launches new $45000 Model 3

Tesla launches new $45000 Model 3

What will arrive in as little as six weeks, and be available in the US and Canada, is called the Model 3 Mid Range. The Tesla website notes that the full $7,500 federal tax credit is only available to customers who take delivery by the end of the year (given the company has already hit the 200,000 unit tax credit limit). Autopilot is standard (emergency braking, front and side collision alerts), while Enhanced Autopilot (as Tesla says, "your auto will steer, accelerate and brake for you within nearly any traffic lane!") is $5000 up front or $6000 after it leaves the factory.

We like the Tesla Model 3, and while we've enjoyed it in its rear-wheel-drive Long Range trim and its dual-motor Performance trim, what we've really been wanting to see is a Model 3 that gets closer in price to that fabled $35,000 mark that Elon Musk promised the world way back in 2016.

Finally, we're getting a step in the right direction.

As with other Model 3 versions, Tesla hasn't revealed a precise battery capacity; but if it corresponds to range, this battery pack would factor in at about 63 kwh.

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Five colors, 18-inch wheels, and what Tesla considers a "premium" interior come standard.

Tesla has once again changed the game, this time with the release of a slightly less expensive version of its Model 3. The Mid Range comes in only two interior themes: a Premium Black interior or a Premium Black and White interior. Oh, and one other thing: The "standard battery" isn't available for another four to six months. It has what the carmaker describes as "a unique architecture that is not yet in production". CEO Elon Musk recently noted that focusing on the cheaper vehicle first would cause Tesla to "die," because it's not profitable to make.

With the arrival of the Model 3 Mid Range model, Tesla will no longer sell the rear-wheel drive Long Range version.

Notably, delivery takes six to 10 weeks. The tax credit for Tesla cars will drop by half on January 1. So, if you do go with that option, your sweet Federal Tax credit is going to be diminished. But will you meet them halfway?

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