The Tesla website notes that the full $7,500 federal tax credit is only available to customers who take delivery by the end of the year (given the company has already hit the 200,000 unit tax credit limit).
The more affordable Tesla sports a 260-mile range, a 125 miles per hour top speed, and goes from 0 to 60 in 5.6 seconds.
Musk also pointed out that the new mid-range Model 3 costs roughly USA $35,000 after federal and state tax rebates in California.
Tesla said it has used the same battery pack as the long-range version with fewer cells for the mid-range version.
Now there are three choices: The new one, the performance model, and a "long-range" version between the two.
The budget of Italy is unsettling the Eurozone
We could know within the week what Europe thinks. "Europe works according to pre-established rules before the arrival of governments", Juncker said.
Build combinations are reduced versus other versions of the Model 3 lineup.
Musk did hint that the cheapest Model 3 may arrive early next year, tweeting that shipping cars with partially filled battery packs was better than waiting until February.
The electric-car maker has dropped from its online design studios the option to pay thousands of dollars more for what it called full self-driving, a higher-level feature for its Autopilot system.
Tesla recently said to expect gross margins for the Model 3 to reach about 15% in Q3 and 20% in Q4, "predominantly due to continued reduction in manufacturing costs and to some extent an improving mix". CEO Elon Musk recently noted that focusing on the cheaper auto first would cause Tesla to "die," because it's not profitable to make. A cheaper rear-wheel version will no longer be available. Given previous Model 3 editions were selling for as much as $86,000, and that its luxury Model S and X cars go for well over $100,000, it's likely that more budget conscious Tesla fans will be eager to jump on the new opportunity to own a cheaper Model 3. The estimated delivery time for the Mid Range is six to 10 weeks. While he has yet to deliver on that sticker price two and a half years later, demand has been strong, with sales rivaling some of the top-selling passenger cars in the United States last quarter.
Customers taking delivery starting in January will only be able to claim $3,750 for the federal EV tax credit. But will you meet them halfway?