--- title: "Tesla Finally Slashes Model 3 Price to $35,000" description: "Tesla is officially launching its ever-popular Model 3 electric luxury sedan with a base price of $35,000, excluding tax credits and fuel savings." date: "2019-02-28" modified: "2019-02-28" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/elon-musk-tesla-model-3-35k" categories: - "Advanced Transport" - "Tesla" tags: - "electric cars" - "elon musk" - "Model 3" - "tesla" --- # Tesla Finally Slashes Model 3 Price to $35,000 ![Tesla is officially launching its ever-popular Model 3 electric luxury sedan with a base price of $35,000, excluding tax credits and fuel savings.]() *\Image: Tesla\* ## Rejoice 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](). https://twitter.com/llsethj/status/1101239053356331008 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. https://twitter.com/elonmusk/status/1093042991994830849 ## Mystery Solved 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]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()