Tesla Makes It Tougher to Buy the Standard $35000 Model 3

Buyers do have the option to unlock those features at a later date, though, essentially upgrading the vehicle from Standard Range to Standard Range Plus. Thus, the decision was made to basically dissuade buyers from ordering the cheapest model. Customers who want either the entry-level Standard version or the Long Range Rear-Wheel Drive version "will need to call us or visit any one of the several hundred Tesla stores", the website says.

The electric vehicle maker plans to keep taking online orders for the Standard Plus Model 3, which starts at $39,500 and is now the lowest-price option available to digital consumers, along with higher-end models.

Tesla, in a blog post Thursday, announced it was raising the price of the Model 3 Standard Plus from $37,500 to $39,500.

A Tesla Model 3 on the assembly line at the company's factory in Fremont, California.

The Tesla Model 3 Standard Range Plus is now available to order in Europe. Other features like Tesla's onboard music streaming service, navigation with live traffic visualization and heated seats will also be disabled.

Now, in the latest course correction, Tesla says it will end online sales of the long-awaited $35,000 version of its Model 3 sedan, its lowest-priced offering, and make other changes that will effectively raise the price of the vehicle for many customers. The blog post said Tesla was making the changes to "simplify vehicle choices and to make Autopilot more affordable". Previously, the same package had fetched $40,500 with Autopilot added. Yes, these are the same stores that the EV company announced it was scaling back when it first started selling the low-priced Model 3.

Tesla Inc (TSLA.O) on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric vehicle maker's customer base. The lease runs for 36 months, and lessees can choose from three annual mileage allotments - 10,000, 12,000 or 15,000 miles per year. The minimum deposit is $3,000, but the payment due at signing will vary from $4,199 to $4,584 depending on the variant. Customers won't have the option to buy the auto at the end of the lease because the company plans to use the vehicles in a forthcoming Tesla ride-hailing network, according to the blog post.

  • Anthony Vega