Tags: tesla | model | 3 | discontinued

Tesla Discontinues Most Affordable Model 3 in US

Tesla Discontinues Most Affordable Model 3 in US
A Tesla Model 3 electric vehicle (Dreamstime)

Thursday, 03 October 2024 09:00 AM EDT

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.


StreetTalk
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
131
2024-00-03
Thursday, 03 October 2024 09:00 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved