Tesla Discontinues Cheapest Model 3 Variant: Entry Level Trim Now Starts At $42,490
Portfolio Pulse from Anan Ashraf
Tesla has discontinued its cheapest Model 3 variant, the rear-wheel drive (RWD) version, from its U.S. website. The new entry-level Model 3 is the long-range RWD variant, priced at $42,490. This change makes all Model 3 variants eligible for a $7,500 federal EV tax credit.
October 02, 2024 | 7:39 am
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Tesla has removed the cheapest Model 3 RWD variant, raising the entry-level price to $42,490. This move aligns all Model 3 variants with eligibility for a $7,500 federal EV tax credit, potentially boosting sales.
By discontinuing the RWD variant, Tesla has increased the base price of the Model 3, which could lead to higher revenue per unit. Additionally, making all variants eligible for the federal tax credit could drive demand, positively impacting short-term sales and stock price.
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