Tesla Discontinues Most Affordable Model 3 in US

A Tesla Model 3 electric vehicle (Dreamstime)

Thursday, 03 October 2024 09:00 AM EDT ET

Tesla's most affordable Model 3 compact sedan was no longer available for order in the U.S., according to the EV maker's website.

The Model 3 Standard Range Rear-Wheel Drive, priced at $38,990, uses lithium iron phosphate (LFP) battery cells sourced from China.

The U.S. recently announced higher tariffs on Chinese imports, including a 100% tariff on EVs and 25% on EV batteries and key minerals.

Additionally, vehicles that contain Chinese-made components, such as LFP battery cells, are ineligible for the $7,500 federal tax credit provided by the government.

Tesla's Model 3 Long Range Rear-Wheel Drive is now its most affordable offering in the United States, priced at $42,490.

Earlier today, the EV maker reported a smaller-than-expected rise in third-quarter deliveries, indicating that incentives and financing deals have not sufficiently attracted customers.

© 2024 Thomson/Reuters. All rights reserved.


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Tesla's most affordable Model 3 compact sedan was no longer available for order in the U.S., according to the EV maker's website.
tesla, model, 3, discontinued
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2024-00-03
Thursday, 03 October 2024 09:00 AM
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