Saturday December 7, 2019
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Tesla Unveils New “Model 3” With ‘mid-range’ Battery Pack

Tesla is also now making the white interior available with all configurations and it is changing the name to "black and white interior"

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Tesla, board
Tesla to lay-off 7% full-time staff amid China dreams. Pixabay

Electric car maker Tesla has announced a version of “Model 3” with a new ‘mid-range’ battery pack for $45,000 before incentives.

The new version, which was never announced, is coming as a surprise and it changes the whole pricing structure of “Model 3”, Electrek reported on Thursday.

“Costs $35k after federal and state tax rebates in California, but true cost of ownership is closer to $31k after gas savings,” Tesla CEO Elon Musk wrote on Twitter.

While many reservation holders are waiting for the base version of the “Model 3” with a standard battery starting at $35,000, Tesla is coming out of nowhere with this unannounced new option.

“Model 3” has been available for over a year now with the ‘Long-Range’ battery pack version for 310 miles of range.

Without any option, the vehicle started at $49,000 — significantly more than the $35,000 base price promised by Tesla, but the company always promised that a base version was coming soon.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

Instead of that version, Tesla is now launching a ‘mid-range’ battery with 260 miles of range for $45,000, according to an update to the Model 3’s online design studio.

With the launch of the new battery pack option, Tesla is making several changes to the Model 3’s price and option structure.

The main change is that the rear-wheel-drive option is now only available with the new mid-range pack and now the Long-Range pack only comes with a dual motor all-wheel-drive powertrain.

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“Tesla rear wheel drive cars do actually work well on snow & ice. We did our traction testing on an ice lake! Dual motor AWD is great, but not required for cold weather. Just don’t use sport/summer tires,” Musk wrote in an another tweet.

The price of the dual motor all-wheel-drive powertrain has been changed again. It’s now back to $5,000 — resulting in a new base price for the Long Range “Model 3” of $54,000.

Tesla is also now making the white interior available with all configurations and it is changing the name to “black and white interior”. (IANS)

Next Story

Here’s How a Small Metal Ball Costs Elon Musk a Whooping $768 mn

At the Los Angeles event in the Tesla Design Centre late on Thursday, Musk took a dig at Ford, showing a video of a "tug of war" between F-150 and the Cybertruck

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Multi-billionaire tech mogul Elon Musk net worth on Saturday reportedly plummeted 6 percent, bringing his personal net worth down by $768 million in a single day after a metal ball crashed down the unbreakable glass of his long-awaited Cybertruck during its launch event.

At the Tesla Cybertruck unveiling, Musk asked the company’s lead designer, Franz von Holzhausen, to demonstrate the strength of the “Armor Glass” by throwing a solid metal, baseball-sized ball at the window, but surprisingly the glass broke when the ball was over-armed into it, independent.co.uk reported.

“We threw wrenches, we threw everything, we even literally threw a kitchen sink at the glass, and it didn’t break. For a little weird reason it broke now, I don’t know why,” Musk said on Thursday.

He then joked, “We’ll fix it in post.”

Interestingly, the video went private on Tesla’s YouTube channel about 30 seconds after the live stream was over.

Tesla CEO Elon Musk
Tesla CEO Elon Musk introduces the Cyber truck at Tesla’s design studio in Hawthorne, California. Musk is taking on the workhorse heavy pickup truck market with his latest electric vehicle. VOA

Starting at $39,900, Cybertruck is inspired by “Lotus Esprit S1” from the James Bond film “The Spy Who Loved Me”.

The truck will come in three versions with 250 miles, 300 miles and 500 miles of range, respectively.

According to research firm IHS Markit, the Ford F-150 has been the top-selling pickup truck in the US for more than 40 years, followed by GM’s Chevrolet Silverado.

Also Read: Here’s How Cloud-based Gaming Threatening the Survival of Traditional Consoles

Pickup trucks are currently the fastest-growing segment in the US.

At the Los Angeles event in the Tesla Design Centre late on Thursday, Musk took a dig at Ford, showing a video of a “tug of war” between F-150 and the Cybertruck. (IANS)