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Tesla launches new Model 3 long-range variant at $42,490, website shows
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(Reuters) – Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website.
(Reuters) – Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website.
The new Model 3 long-range variant is priced at $42,490.
There were no changes to the prices of the base Model 3, the long-range all-wheel drive and the performance variants.
Tesla reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter as price cuts and incentives helped mitigate cooling demand.
The company will report second quarter earnings on July 23.
(Reporting by Nilutpal Timsina in Bengaluru; Editing by Mrigank Dhaniwala)
A long-range vehicle is designed to travel longer distances on a single charge compared to standard electric vehicles, typically featuring larger batteries and more efficient energy consumption.
Vehicle deliveries refer to the process of selling and handing over vehicles to customers, which is a key performance indicator for automotive manufacturers.
A price cut is a reduction in the selling price of a product, often used as a strategy to boost sales or respond to market competition.
An electric vehicle (EV) is a type of vehicle that is powered entirely or partially by electricity, using electric motors instead of traditional internal combustion engines.
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