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Tesla Starts Taking Orders for Shorter-Range $45,000 Model 3

  • Release of cheaper Model 3 versions ‘a logical step’: analyst
  • Tesla needs to reach higher level of output, reduce cost: Musk
Watch what engineers found when they tore apart Tesla’s Model 3.Source: Bloomberg)
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Tesla Inc.’s long-promised $35,000 version of the Model 3 sedan is still nowhere to be found, but it’s inching closer to that price point.

The electric-car maker has started taking orders for a mid-range battery Model 3 that goes about 260 miles between charges for $45,000. That’s about $4,000 less than the starting price of the sedan that went on sale last year, excluding incentives or options.