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Tesla is finally making a lower-cost Model 3

Posted On: Oct 19, 2018   |   Posted By: Business Insider

Tesla is finally making a lower-cost Model 3

Matthew DeBord/BI
Tesla is introducing a lower-priced version of its Model 3 vehicle.
The base price of the car will cost $45,000; it will cost about $35,000 in California after federal and state tax rebates.
The company has long promised the Model 3 will be its vehicle for the masses, but it originally focused on building premium versions of it while it struggled to ramp up its production.
Tesla is finally offering a less expensive version of its Model 3 electric car.
The company has relased and is taking orders for a "lower cost, mid-range" version of its mass-production vehicle, Tesla CEO Elon Musk announced Thursday on Twitter. The base price of the car will be $45,000. But in California it will cost $35,000 after federal and state tax rebates, Musk said. See the rest of the story at Business Insider NOW WATCH: Watch Apple unveil the new iPhone XR, XS, and XS Max See Also: Your opinion matters. Become a BI Insider today! A US judge approved the settlement between the SEC and Elon Musk that will force...

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