Tesla has once again made changes to the Model 3 range, including another $ 1,000 price increase for the base version that went into effect Thursday.
The Tesla Model 3 Standard Range Plus, which was previously the de facto base model, was replaced by an unnamed base rear-wheel drive Model 3 trim level just earlier this week. The Long Range and Performance versions with all-wheel drive also remain in the range.
With a range of 272 miles estimated by the EPA, the base Model 3 gets a 10-mile increase over the Standard Range Plus. But the new Model 3 has slower acceleration, with a 0-60mph time of 5.8 seconds, compared to 5.3 seconds for the defunct Standard Range Plus.
Tesla Model 3 base rear-wheel drive on the Tesla website November 2021
The change also makes the base price of a Model 3 now $ 46,190. Just last month, the price of a base model 3 increased by $ 2,000, at $ 41,990. So the cost of a basic Model 3 is now $ 8,000 more than it was before in 2021, when it started at $ 38,190.
Long-range versions of Model 3 and Model Y also get range increases. The Model 3 Long Range now has 358 miles of range, while the Model Y Long Range has 330 miles. These are five-mile and four-mile hikes, respectively.
For Model Y in particular, some of this is likely to be repositioned prior to the introduction of Model Y versions made in Texas with 4680 larger cells and a new approach to body structure.
2020 Tesla Model 3
Tesla is also probably betting on the reinstatement of the federal tax credit on electric vehicles for it – that at $ 7,500 or more, it would wipe out the price difference but increase revenue for the company. Tesla is currently ineligible for the credit because it previously reached the production limit of 200,000 units, but new legislation may soon eliminate that rule.
Tesla’s price fluctuations are nothing new, but in this case they could be due to the automaker’s being caught off guard by the growing demand for electric vehicles, such as CFO Zachary Kirkhorn indicated during a recent financial call.
Is there anything that makes this model an $ 8,000 more bargain than at the start of the year, with changes underway justifying the run-up? Let us know in your comments below.
The piece was originally released on 11/03/2022 and updated to reflect another $ 1,000 price increase to the base Model 3, just two days after a price hike and repositioning.