Hyperdrive

Tesla Resumes Orders for Popular Model 3 Long Range With a 19% Price Cut

Musk’s New Vision for Tesla: Low Prices, Fine Margins

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By Linda Lew

May 3, 2023 at 2:43 AM UTC

Updated on

May 3, 2023 at 7:32 PM UTC

This article is for subscribers only.

Tesla Inc. has resumed taking orders for its Model 3 Long Range edition with a starting price of $47,240, according to its website.

Production of the popular model was halted last year due to a backlog of orders stretching into 2023. The latest price for the electric sedan, which has a range of up to 325 miles (520 kilometers) on a charge, appears to be about 19% cheaper than when it was last available for sale.