Elon Musk's Tesla Model 3 Finally Hits Holy Grail Price Of $35,000

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It's finally here; the $35,000 Model 3 that Elon Musk first promised nearly three years ago has come to fruition. Tesla announced this afternoon that the Model 3 is finally available to order with a base price of $35,000 before any applicable federal ($3,750) and state rebates.

Previously, the cheapest available Model 3 started at $42,900 for the Mid Range, rear-wheel drive model. The new Standard Range, rear-wheel drive model will travel 220 miles per charge compared to 264 miles for the Mid Range model. The vehicle will also go from 0-60 in 5.6 seconds and hit a top speed of 130 mph.

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The $35,000 price comes with a de-contented interior, meaning that you'll get cloth seats, basic audio system, along with standard maps and navigation. Further fleshing out the lineup is a new $37,000 Standard Range Plus powertrain configuration, which boosts the driving range to 240 miles. This model also comes with the Partial Premium Interior, which adds the following over the Standard Interior:

  • 12-way power adjustable heated front seats
  • Premium seat material and trim
  • Upgraded audio – immersive sound
  • Standard maps & navigation
  • LED fog lamps
  • Center console with storage, 4 USB ports and docking for 2 smartphones

The Standard Range Plus can scoot from 0 to 60 mph in just 5.3 seconds and hit a top speed of 140 mph. Unless ultimate penny pinching is of the utmost importance to you, the $2,000 seems like money well spent.

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One other item of note; the basic Autopilot "advanced safety and convenience" package is available $3,000 if you select it at the time of purchase. If you decide to enable the option after you take delivery, the price jumps to $4,000. Full self-driving tacks on another $5,000 ($7,000 after delivery).

According to Tesla, deliveries for both the Standard Range and Standard Range Plus (with Partial Premium Interior) will commence within the next 2 to 4 weeks.