Tesla Is Selling a Lower-Cost, Mid-Range Model 3

Elon Musk has announced that Tesla is selling a lower-cost, mid-range version of the Model 3 sedan, which offers 260 miles of range with a base price of $45,000 USD. This price, however, will go down to about $35,000 USD (the original pricing target of the Model 3) after estimated savings.

"Just released lower cost, mid-range Tesla Model 3 & super simple new order page," Musk Tweeted. "Costs $35k after federal & state tax rebates in California, but true cost of ownership is closer to $31k...

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