After many delays, Tesla is officially reducing its popular Model 3 electric luxury sedan to a base price of $35,000 — a long-routed price point for CEO Elon Musk. Tesla made the announcement via an email sent out to its retail stores today, Electrek reports.
Tesla launching $24,450* Model 3!!! https://t.co/11Tu9vhyi5
* You are still gonna have to pay $35,000 pic.twitter.com/Kk0hg27Wvx
— Seth Weintraub (@llsethj) February 28, 2019
A $35,000 Model 3 featuring a standard interior with a 220-mile-range battery, 130 mph top speed and under second 0-60 acceleration. This option will exclude buyers from leather and power seats according to Electrek — you’ll have to shell out extra for a higher trim for a “full” premium interior.
A brand new “Partial Premium Interior” with higher quality seats will set you back an additional $2,500. And a Standard Range Plus option brings the range up to 240 miles with a top speed of 140 mph.
Musk previously stated that the Model 3 would start at roughly that price in a Feb. 6 tweet — but only once you factor in thousands of dollars in tax credits and fuel savings.
Model 3 starting cost now ~$35k (after ~$8k of credits & fuel savings) https://t.co/46TXqRrsdr
— Elon Musk (@elonmusk) February 6, 2019
Tesla CEO Elon Musk teased the announcement on Wednesday promising “some Tesla news,” which launched the media into a tailspin as it tried to figure out what Tesla was about to announce.
All-things-Tesla site Teslarati speculated the announcement was going to be about the Model Y, Tesla’s long-promised SUV. Elon Musk promised back in May of last year that the Model Y was going to be announced on March 15 of this year, just over two weeks from now.
The news comes after an ill-advised tweet landed Musk in hot water with the Securities and Exchange Commission earlier this week.
READ MORE: Tesla finally launches base Model 3 for $35,000 with shorter range and new interior [Electrek]
More on the $35,000 Model 3: Elon Musk Slashes Tesla Model 3 Price to Long-Awaited $35,000