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Tuesday / February 18.
HomeTech & ScienceTesla raises the price of the Model 3 version in the mass market.

Tesla raises the price of the Model 3 version in the mass market.

Tesla Raises The Price Of The Model 3 Version In The Mass Market

Tesla is increasing the price of the version of the most affordable on the market Model 3 college chungm, is rising from $ 38.990 to $ 39.940.

The company is also upping the range on the base version of the Model 3 from 240 miles to 250 miles, as updated the Model 3 online configurator with some changes for the base version of the vehicle. The Model 3 Standard Range Plus, which is now listed with 10 more miles of range and is $500 more expensive.

Other variants including the long-range Model 3 and the performance Model 3 also appear to have gotten price hikes. Representatives from Tesla weren’t immediately available for comment. Instead, Tesla created a Model 3 ‘Standard Range Plus’ (SR+), which became the new base version on the online configurator at $38,990, and Tesla sold a software-locked version of the car at $35,000 for those ordering “off-the-menu”.

Tesla Raises The Price Of The Model 3 Version In The Mass Market 1

The move comes after Tesla in July cut the price of the standard Model 3, as part of a broader effort to standardize its vehicle lineup. The company discontinued standard range versions of the Model S and Model X, while raising the price on the base versions of those vehicles.

Earlier this month, Tesla said it delivered a record 97,000 vehicles globally, representing a major milestone for the company. However, it still fell short of Wall Street’s expectations of 99,000 deliveries and analysts are concerned that the miss could be a symptom of weakening demand among consumers.

Tesla Raises The Price Of The Model 3 Version In The Mass Market

Now, the company must ramp up deliveries in order to hit its internal targets for the year. CEO Elon Musk has predicted that Tesla could deliver between 360,000 and 400,000 vehicles this year. Tesla has to deliver at least 105,000 vehicles in the fourth quarter to meet that goal.

Source CNBC News


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