After a nearly nine-month hiatus, Tesla has reopened orders for its long-range Model 3.
The vehicle reappeared on the automaker’s website earlier this week with a steep price drop. It previously started at $57,990, but now sits at $47,240 before any interior, exterior or toptechtrends.com/2022/10/27/self-driving-cars-arent-going-to-happen/”>software upgrades.
Still, this roughly 18.5% discount seems to come with a catch.
Tesla previously advertised a 358-mile range before it paused orders on the longer-range vehicle last August. The company now lists the model as having a maximum range of “325+” miles, for drivers who choose the 18-inch “Aero Wheels” configuration. The long-range Model 3’s projected range drops to 310 miles with the 19-inch “Sport Wheels” upgrade. As Engadget reports, the change may be linked to Tesla’s ongoing cost-cutting efforts.
For reference, Tesla advertises a 267 to 272-mile range for its regular-old Model 3, depending on the wheels.
Like its stock, the starting price for Tesla’s vehicles have proved particularly unsteady in recent months. In December, the automaker toptechtrends.com/2022/12/22/teslas-7500-discount-feels-desperate-and-its-giving-investors-the-ick/”>cut prices for Model 3 and Model Y buyers to boost end-of-year sales, unnerving some of its investors in the process. Tesla issued additional cuts toptechtrends.com/2023/04/18/tesla-cuts-prices-for-model-3-model-y-on-eve-of-q1-earnings/”>in April, and then it bumped prices up again just yesterday.
Tesla’s discounts toptechtrends.com/2023/04/19/tesla-q1-income-falls-24-as-ev-price-cuts-squeeze-profits/”>cut into its margins in the first quarter of this year; the automaker recorded a 24% drop in net income in Q1 2023 from the same period last year.
toptechtrends.com/2023/05/04/tesla-brings-back-the-long-range-model-3-with-an-18-discount/”>Tesla brings back the long-range Model 3 with an 18% discount by toptechtrends.com/author/harri-weber/”>Harri Weber originally published on toptechtrends.com/”>TechCrunch
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