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

Devin Lawrence
October 21, 2018

Still, when Musk took to Twitter recently to announce that Tesla is now offering a "mid-range" Model 3 at a much lower price, it definitely caught everyone's attention because that is not an extravagant claim at all.

The new variant offers an EPA-estimated 260 miles of range, 50 miles less than the other Model 3s now available. The new version is now the cheapest available variant of Tesla 3 priced at $45,000.

The owner of the vehicle is unknown - but they just might be the most practical person in Zimbabwe - certainly more practical than property tycoon Frank Buyanga, who recently imported a $2 million Bugatti Veyron.

Deliveries of the new vehicle could begin in as little as six weeks.

If you have the cash available, clearly now is a great time to buy a Model 3. The mid-range battery model, which has an estimated battery range of 418 kilometres, is now available to order in Canada and the U.S. ($45,000 USD).

The Model 3 is a four-door compact sedan that can seat up to "five adults comfortably, and the word comfortably is the key", Musk said.

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Tesla's new midrange Model 3 will offer 260 miles between charges and start at $45,000. A $3,750 credit will remain starting January 2019, but it will disappear entirely by the end of next year.

The promised $35,000 Tesla Model 3 was always going to be a rare beast, but it'll be even rarer now that the $7,500 tax credit is expiring for the California-based automaker. The tax credit for Tesla cars will drop by half on January 1.

The move could frustrate Tesla fans who put down a $1,000 deposit two years ago for what they believed would be a sleek electric sedan costing about $27,500 after tax incentives.

That long-awaited price point may still be another few months away, Musk suggested in a post on Thursday describing the mid-range Model 3.

The midrange model is basically a long-range model with fewer cells in its battery pack, offering slightly slower acceleration and a lower top speed compared to the long-range model: a 0-60 miles per hour sprint takes 5.6 seconds instead of 4.5 seconds, and top speed is 125 miles per hour instead of 145.

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