Tesla Model 3 introduced with mid-range battery pack at $45,000

Tesla Model 3

When the more affordable Tesla sedan launched past year, pricing started at $49,000 for 310 miles of range, which was well above the $35,000 long-range EV the company promised.

Despite all those caveats, Musk followed up his order page tweet with another tweet on Thursday night arguing that the "true cost of ownership is closer to $31k after gas savings".

Buyers of the Mid-Range Model 3 will only be able to opt for rear-wheel drive, as the dual-motor, all-wheel drive option is limited to the Long-Range and Performance variants.

Instead, this new model, dubbed the Mid-Range version, sits between the entry-level (but still non-existent) Model 3 and the high-end Long-Range version.

The announcement of the midrange model came with no early warning or indication that this model was being added to the lineup, catching Tesla watchers by surprise. Perhaps further contributing to the confusion, Tesla is taking money for a feature that has no known launch date and may not come to fruition before buyers sell their vehicle.




Now the self-driving capability option, which costs between $3,000 and $5,000, has been removed from their online design studios, but the company's $5,000 Enhanced Autopilot package is now officially available to order.

Potential buyers should also read the fine print regarding the delivery of the cheapest Model 3 vehicle on the market. Tesla's CEO announced on Twitter that the company is releasing a mid-range Model 3 that will start at $45,000.

The new version has a delivery period of six to 10 weeks, according to the website, which would customers eligible for the current $7,500 USA tax credit if they take delivery by the end of the year. Any new Tesla delivered after January 1st 2019 (but before July 1st 2019) is only eligible for a $3,750 IRS credit. The range is an EPA estimated 260mi on a single charge, roughly 70 miles fewer than the most powerful performance model option.

It makes sense that Tesla is rolling out a cheaper version of the Model 3.

The mid-range model is one of three main versions of the Model 3 that the automaker is expected to eventually offer - short, mid and long; Tesla has favored offering the more expensive versions first for financial reasons.

Related news:

Hot News

isis-killer-beheading-video-story-top Jared Kushner says administration still 'fact-finding' in Jamal Khashoggi death investigation
Oct 22, 2018 - 18:40
Saudi Arabia is Germany's second-largest weapons customer, according to official data reported by German news agency DPA. Turkey earlier said 15 Saudis who travelled to Istanbul were involved in Khashoggi's disappearance.

isis-killer-beheading-video-story-top Turkey turns up heat on Saudi crown prince over Khashoggi
Oct 22, 2018 - 17:03
As of now, 18 Saudi suspects have been taken into custody in connection with the incident and two senior Saudi officials fired. Germany last month approved €416 million (US$480 million) worth of arms exports to Saudi Arabia for 2018.

isis-killer-beheading-video-story-top Allegri: Cristiano Ronaldo has brought a greater sense of professionalism to Juventus
Oct 22, 2018 - 16:52
Alexis Sánchez will play no part in Manchester United's clash with Juventus on Tuesday night, José Mourinho has confirmed. But Genoa enjoyed the better of the second half and got their reward after 67 minutes when Bessa headed home.

isis-killer-beheading-video-story-top Trump accuses Saudis of 'lies' over Khashoggi killing
Oct 22, 2018 - 10:32
Turkey's official news agency says the fiancée of Saudi writer Jamal Khashoggi has been given 24-hour police protection. During an appearance Sunday on NBC's "Meet the Press", Sen.

isis-killer-beheading-video-story-top Google Pixel 3 features OLED display panel manufactured by LG, reveals teardown
Oct 20, 2018 - 15:24
However, the Pixel 3 and 3 XL appear to be the first high-profile Verizon phones subject to its new, murky SIM locking policy . MobileSyrup has reached out to Google for more information about the issue and will update this story when we hear back.

isis-killer-beheading-video-story-top Eden Hazard 'happy' to see out career with Chelsea
Oct 20, 2018 - 15:03
But the 27-year-old has just 18 months remaining on his current Chelsea contract, potentially making the club vulnerable next summer if he decides it is time for a new challenge.

isis-killer-beheading-video-story-top Fears For Jayme Closs Who Vanished After Her Parents Were Murdered
Oct 20, 2018 - 10:06
To date, no member of law enforcement or anyone from the Closs family has indicated that Jayme had some type of boyfriend. Local authorities have said investigators do not believe she ran away and they don't consider her a suspect.

isis-killer-beheading-video-story-top Theresa May tells business chiefs she is confident of securing Brexit deal
Oct 20, 2018 - 02:58
Any deal that is struck will have to be approved by the British and European Parliaments. The second element would include provisions for a UK-wide customs union.

isis-killer-beheading-video-story-top Trump threatens to close border to Mexico
Oct 19, 2018 - 21:28
Mr Trump blamed the migrant crisis on the opposition party, the Democrats, branding its immigration policy "weak". Ambassador Geronimo Gutierrez made the comments to Bret Baier on Fox News in an interview that aired Thursday.

isis-killer-beheading-video-story-top Huawei Mate 20 Series smartphones launched - Mobile Phones
Oct 19, 2018 - 20:59
The 7.2-inch OLED screen equipped Huawei Mate 20 X (6GB + 128GB configuration) will have a MSRP of EUR899 from 26th October, 2018. There's an octa-core Kirin 980 CPU - an industry first 7nm chip - and 6GB of RAM inside, with storage options reaching 128GB.

isis-killer-beheading-video-story-top Liverpool's Mane has operation on thumb injury
Oct 19, 2018 - 20:43
Virgil van Dijk is "not anxious at all" about Mohamed Salah's worrying form for Liverpool in the ongoing campaign. Naby Keita , however, will miss out after suffering an injury whilst playing for Guinea this week.

isis-killer-beheading-video-story-top Indian minister in #MeToo storm quits
Oct 19, 2018 - 20:21
Earlier after returning from Nigeria, MJ Akbar termed the accusations false and baseless. Netizens are supporting Priya Ramani and others and trolling the former minister.

isis-killer-beheading-video-story-top Mega Millions jackpot grows to $970 million ahead of Friday’s drawing
Oct 19, 2018 - 19:12
Three tickets sold in North Carolina were among the 100 $10,000 winners nationwide, lottery officials said. Pick the less liked numbers, he suggests, that way you're more likely take home a bigger chunk of the pot.

isis-killer-beheading-video-story-top Twitter reacts after Brewers trick Dodgers with Wade Miley start
Oct 19, 2018 - 19:12
He totaled five pitches before Brewers manager Craig Counsell removed the starting pitcher from the game at Dodger Stadium. The Brewers head into Game 6, and they were able to give Josh Hader , Jeremy Jeffress , and Corey Knebel a day off.

isis-killer-beheading-video-story-top Russian Orthodox Church breaks ties with Orthodoxy's leader
Oct 18, 2018 - 11:15
Constantinople had previously rejected the Ukrainian Church's independence moves, however, changed its decision last week.