The new version has a delivery period of six to 10 weeks, according to the website, which would customers eligible for the current $7,500 US tax credit if they take delivery by the end of the year. Its Model 3 deliveries, totaling 55,840, were slightly above expectations.
The mid-range Model 3s will be rear-wheel drive only, prompting some to wonder if the company was using software to limit battery capacity on existing RWD inventory in order to get it out of the door. While the new Model 3 has a shorter range, rear-wheel drive and a slower top speed, Tesla succeeded in slashing $4,000 off of the price.
Tesla customers won't get the full $7,500 federal tax credit starting in 2019 as the company hit a sales threshold that cuts the incentive by 50 percent in the first half of the new year, and then again six months later. Musk did hint that the cheapest Model 3 may arrive early next year, tweeting that shipping cars with partially filled battery packs was better than waiting until February.
Musk has promised a version of the Model 3 with a base price of $35,000, which has yet to be realized.
Tesla 3 model has been available for $49,000 with a long-range battery and no options for over a year. So, if you do go with that option, your sweet Federal Tax credit is going to be diminished.
Tesla CEO Elon Musk has, at least a couple of times, suggested that selling the Model 3 Standard Range at its originally announced $35k wouldn't be profitable. That compares to the Model 3 Long Range which is priced at $54,000 and has a range of 310 miles.
The battery pack itself, according to a Tweet from Musk, is from the Long Range model.
Tesla is promising deliveries in four to eight weeks. When they do, the amount that customers will effectively pay for a Model 3 will much be closer to the list price of the vehicle.