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Tesla discontinues most affordable Model 3 variant in US, website shows
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Tesla discontinues most affordable Model 3 variant in US, website shows
Oct 2, 2024 9:46 PM

Oct 2 (Reuters) - 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 on Wednesday.

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.

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