Tesla lowered prices of Model 3

Tesla Model 3

Tesla continues adapting the prices of the electric sedan Model 3, and this time it’s reduced, albeit not so much.

In October last year, the car manufacturer started ordering the Mid Range car with a mileage of 418 km for 45,000 USD, but only a week later the model rose to 46,000 USD. Since the beginning of 2019, the federal subsidy for electric cars has been cut by half and this has led the company to lower the price to 44,000 USD. Now there is a new change and the base Model 3 is now available for 42,900 USD.

Interestingly, the Tesla Model 3 has a price tag of 34,550 USD on the website, including a federal discount. And in his Twitter, the company’s boss, Elon Musk, says that if the fuel economy is counted, Tesla Model 3 costs just 31,000 USD. All of these accounts, however, are done by the finance department of the company, and the real situation at the moment is that Model 3 in the US is actually reduced from 45,000 USD to 42,900 USD. This, however, happened amid the abolition of the Tesla station free of charge, which customers were entitled to for 6 months after the purchase of the electric car of the brand.

In addition to a free charge, Tesla’s buyers also received other bonuses – taking part in corporate events and sending their photos to space. They all drop out because they are expensive for the company. And instead of them, the price of Model 3 is slightly reduced.

By the way, Europeans still do not have access to the cheapest versions of the electric car. Only the Long Range version with a mileage of 560 km is available and is considerably more expensive than in the United States. In Norway, for example, the most affordable Model 3 costs at least 46,900 EUR (53,450 USD). French customers have to pay a minimum of 53,500 EUR (60,950 USD), and those in Portugal – 60,200 EUR (68,600 USD).

Elon Musk himself explains the high prices in Europe with 20% VAT and 10% duty on the continent, but accounts show that the amount includes other costs.

About Svilen

Professional writer, experienced in various aspects of automobiles' industry. Like sports cars.

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