{"id":57729,"date":"2023-05-08T13:00:30","date_gmt":"2023-05-08T18:00:30","guid":{"rendered":"https:\/\/www.emanualonline.com\/blog\/?p=57729"},"modified":"2023-11-11T11:38:27","modified_gmt":"2023-11-11T16:38:27","slug":"tesla-model-3-long-range-lower-price","status":"publish","type":"post","link":"https:\/\/www.emanualonline.com\/blog\/tesla-model-3-long-range-lower-price","title":{"rendered":"Tesla Responds to Ford’s Move: Model 3 Long Range Back with Lower Price, but Lower Range"},"content":{"rendered":"

Sure, the $10,000 price cut for the resurrected Model 3 Long Range is nice, but the lower 325-mile range isn’t exactly “long-range” anymore.<\/p>\n

After a nine-month hiatus due to high demand, the Model 3 Long Range is finally back in Tesla’s configurator. Interestingly, it returns with a significantly lower price, trying to heat up the EV market once again. With an MSRP of $47,240, it’s now 18.5% cheaper than the previous year’s $57,990. It’s a pretty satisfying discount, indeed, but what’s the catch?<\/p>\n

Well, the other side of the coin is not all that sweet since there is also a decrease in range, now to around 325+ miles compared to the previous model’s 358 miles. This is likely due to the adoption of different battery cells \u2014 presumably, China-sourced Lithium-iron-phosphate (LFP) \u2014 that cost less to manufacture but are heavier than the old Lithium-ion cells, resulting in a lower range overall.<\/p>\n

\"Tesla<\/p>\n

Although Tesla<\/a> hasn’t released any official statement, the assumption of the LFP battery usage is also supported by the fact that the Long Range model now only qualifies for the $3,750 federal tax credit, just like the Standard model. Keep in mind, to qualify for the full federal tax credit, the Model 3 must meet one of the specific requirements, such as containing 40% critical minerals from the United States or FTA countries or 50% of the battery component value coming from North America.<\/p>\n

That said, the Model 3 Long Range isn’t particularly lacking in the performance department, though, thanks to the dual-motor AWD system capable of going from 0 to 60 mph in 4.2 seconds and reaching a 145 mph top speed.<\/p>\n

But to anyone seeking to buy this EV, be aware that the more powerful Performance variant would only cost you an extra $6,000 \u2014 before the full $7,500 tax rebate it’s still eligible for. This means the range-topping Model 3 Performance could set you back $45,740 \u2014 only $2,250 more than the Long Range model after subsidy, for a lot more oomph.<\/p>\n

Nonetheless, the price adjustment coincides with Ford<\/a>‘s announcement of reopening Mustang Mach-E orders<\/a>, leading many to speculate whether this move is merely Tesla’s response to the automotive giant’s challenge. However, if there’s anything to learn from recent Tesla-related News, it’s that Elon Musk always has a knack for devising unique and highly influential strategies to stay competitive in the EV market \u2014 but will it be enough this time?<\/p>\n

Source<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sure, the $10,000 price cut for the resurrected Model 3 Long Range is nice, but the lower 325-mile range isn’t exactly “long-range” anymore. After a nine-month hiatus due to high demand, the Model 3 Long Range is finally back in Tesla’s configurator. 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