Tesla Debuts Mid-Range Model 3 for $58800 in Canada

Tesla Debuts Mid-Range Model 3 for $58800 in Canada

Tesla Debuts Mid-Range Model 3 for $58800 in Canada

However, as Reuters reports, this week Tesla introduced a rear-wheel drive mid range battery model for $45,000.

After incentives (federal tax credit) and potential gas savings (over a spread of six years), Tesla advertises the cost as being $33,200. The vehicle's top speed has also been reduced from 145 mph (233 km/h) to 125 mph (201 km/h), while 0-60 mph (96 km/h) acceleration takes 5.6 seconds, 1.1 seconds more than the Long-Range. And to be precise, we see a total of $46,200 after the destination/doc fee (and those other taxes that add).

The midrange Model 3 should be welcome news for those who can't afford to shell out upward of $60,000 for an electric vehicle.

The battery pack itself, according to a Tweet from Musk, is from the Long Range model.

Tesla says its Standard Battery model, which is pegged to be its entry model at $35,000 United States dollars (about $45,900 CAD) and widely promised as its most affordable, will be coming in 4-6 months.

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While the mid-range option is built with the same battery pack as the long-range Model 3, which has a range of up to 310 miles, the pack will have fewer cells, translated to a shorter range of 260 miles.

Five colors, 18-inch wheels, and what Tesla considers a "premium" interior come standard.

"As Model 3 production and sales continue to grow rapidly, we've achieved a steady volume in manufacturing capacity, allowing us to diversify our product offering to even more customers", said a Tesla spokesperson.

Musk late Thursday announced Tesla's lowest-cost version yet of its newest vehicle, with the CEO writing in a tweet that the mid-range Model 3 "costs $35k after federal & state tax rebates in California", but pegging its ultimate ownership cost at an even lower price point given the money saved not buying gas. It has what the carmaker describes as "a unique architecture that is not yet in production". A version wit a "standard battery", Tesla says, will be available within 6 months. It is not clear how numerous more than 400,000 reservations for the Model 3 are for the base models. That's a timeline that could just eke a number of cars through for delivery-especially perhaps in California and on the West Coast-in time for the full $7,500 tax credit.

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