Tesla to stop selling US$35000 Model 3 online

Tesla to stop selling US$35000 Model 3 online

Tesla to stop selling US$35000 Model 3 online

But the most interesting bit is buried a bit lower in the text: The Standard Range variant of the Model 3, the $35,000 version that Elon Musk promised four years ago, is no longer available on Tesla's website.

Buyers can still order the cheapest Model 3 via a phone order or at a physical Tesla store.

Tesla removed the Standard option Model 3 from its online booking configurator.

Tesla is also offering a Model 3 lease for the first time, though with a big caveat. For reference, buying a Standard Plus Model 3 with Autopilot used to cost a total of $54,300.

Previously, the starting price for a Model 3 in China was 407,000 yuan for a rear-wheel-drive long range version with no Autopilot. Other trimmed features will include range limited to 220 miles via software, loss of music streaming service, and no navigation feature. Named the Standard Range, the vehicle finally went on sale to give fans the most-affordable option possible. It is building a factory in Shanghai that will initially manufacture Model 3 cars.

The effective base price of a Model 3 ordered online is now $40,700.

Tesla wants to fulfill CEO Elon Musk's long-running promise of a $35,000 vehicle, which he first promised in 2013.

Tesla announced way back in 2016 that $35,000 will remain the base price for its Model 3 line. At the time, Tesla also announced plans to close many of its retail stores, but later retreated on that plan. Similarly, anyone that already bought a Standard Plus can convert it to a Standard and get a refund for the difference. Customers who want this version from now on won't be able to get it from Tesla's online ordering menu. "We're making these changes to ensure that our online order process is focused exclusively on the three Model 3 variants customers want most", the company says in its post. In the regular version, automatic steering on highways and traffic-aware cruise control features are active. These prices are what Tesla estimates the auto will really cost after incentives and gas savings. Customers won't have the option to buy the auto at the end of the lease because the company plans to use the vehicles in a forthcoming Tesla ride-hailing network, according to the blog post.

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