Teslaannounced many changes in the vehicle line up including upward revision of prices and seen moving away from the much-hyped base Model 3 of $35,000 in the matter of adding new features. In Germany, Tesla is charging a base price of 44,500 euros (plus a handling fee of 980 euros) for this version, which offers a WLTP range of 415 km.
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. All Model 3 configurations are available, according to Tesla, and the price obviously varies with each. Yesterday, further updates were introduced as detailed on the Tesla blog. Several features will be disabled including the auto company's onboard music streaming service, navigation with live traffic visualization, and heated seats. Tesla said orders for the Standard Range Plus, with 240 miles, a premium stereo, power seats, and upgraded upholstery, outnumbered orders for the base vehicle by 6 to 1.
The change to the Model 3 pricing options is part of a move by Tesla to simplify its lineup. For example, Autopilot used to cost $3,000 when added to the $37,500 Model 3 Stand Plus, but now it comes as standard for $39,500. Customers in the USA can choose from 10,000, 12,000 and 15,000 mile annual usage options, depending on your driving needs and budget.
Tesla is also rolling out the ability to lease a Model 3 "for a small down payment and competitive monthly payments".
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"Tesla was the one who decided that $35,000 was the magic number for an affordable [electric vehicle]", Caldwell said. Thus, the latest iteration of $35,000 Model 3 loses its standard heated seats (sort of) and a couple miles of range (90% of 240 is 216, compared to its original estimated range of 220 miles). Tesla said the option to lease a Model 3 is now open to US customers with a small down payment and competitive monthly payments. Now, the auto will cost $39,500, effectively making Autopilot a $2,000 premium built into the price. Lessees will not be able to purchase the vehicle at the end of the lease period.
The Model 3 Standard Range is the only Model 3 variant to escape a price hike, as well.
Tesla shares rose 0.6% to $269.98 as of 08:50 Friday in NY, before the start of regular trading.
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