Thursday January 24, 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)

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Bumpy Road Ahead For Tesla

Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity

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Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

Electric car and solar panel maker Tesla said Friday it plans to cut its staff by about 7 percent.

“The road ahead is very difficult,” the company’s founder and CEO Elon Musk said in an email to employees posted on the company’s website.

He said Tesla Inc. hopes to post a “tiny profit” in the current quarter but that after expanding its workforce by 30 percent last year, it cannot support that size of staff.

Musk said in a tweet in October that Tesla had 45,000 employees. A 7 percent cut would involve laying off about 3,150 people.

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

Tesla’s shares tumbled earlier this month after it cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates.

“Our products are too expensive for most people,” Musk said in the memo to Tesla staff saying the company has to “work harder.”

“Tesla has only been producing cars for about a decade and we’re up against massive, entrenched competitors,” he said.

The company says it delivered over 245,000 electric cars and SUVs last year, nearly as many as all previous years combined. But its 2018 production fell far short of a goal set nearly three years ago of manufacturing 500,000 vehicles for the year. That goal was announced in May of 2016 based on advance orders for its mid-range Model 3, which sells for $44,000.

Also Read: Elon Musk Quotes $1 bn to Build Tunnel Under Australian Mountain Range

Musk said Tesla plans to ramp up production of the Model 3, “as we need to reach more customers who can afford our vehicles.”

“Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity,” he said in the memo, “but succeeding in our mission is essential to ensure that the future is good, so we must do everything we can to advance the cause.” (VOA)