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Tesla Finally Puts the (Model) 3 in $35,000

Tesla Model 3 at $35,000: What You Need to Know | MotorVero

Tesla Model 3 at $35,000: What You Need to Know

Tesla Model 3

Introduction

After years of anticipation, Tesla has finally introduced the $35,000 Model 3, fulfilling a promise made back in 2016. This entry-level price point makes Tesla's popular all-electric sedan more accessible than ever. However, the journey to this price point has been anything but straightforward. Initially, Tesla focused on higher-end variants, often pushing prices into the $50,000 range. Now, with a shift in sales strategy and cost-saving measures, the $35,000 Model 3 is a reality.

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Tesla's Shift to Online Sales

To achieve this price point while maintaining financial sustainability, Tesla has announced a significant shift in its sales strategy. The company will close most of its factory-owned retail stores in the coming months, retaining only a few in high-traffic areas. Instead, Tesla will move to an online-only sales model, offering a seven-day return policy with a full refund if customers are not satisfied.

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This move is expected to streamline operations and reduce overhead costs, enabling Tesla to pass on the savings to consumers. The company has also committed to expanding its service network, ensuring that Tesla owners can receive support wherever they are in the country.

What the $35,000 Model 3 Offers

The base Model 3 comes with a range of features that make it a compelling option for those looking to enter the electric vehicle market. Key specifications include:

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  • Battery Range: 220 miles on a single charge
  • Drivetrain: Rear-wheel drive
  • Seating: Manual seats with cloth upholstery
  • Acceleration: 0-60 mph in 5.6 seconds

For an additional $2,000, the Standard Range Plus variant offers:

  • Battery Range: 240 miles
  • Seating: Heated seats with power adjustments
  • Upholstery: Upgraded materials
  • Audio: Enhanced stereo system with smartphone docking
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Higher-end variants of the Model 3 offer even more impressive features, including a maximum range of 325 miles and acceleration from 0-60 mph in just 3.2 seconds, though these models come with a significantly higher price tag.

Tax Incentives and Savings

One of the most attractive aspects of purchasing a Tesla Model 3 is the potential for tax incentives. However, it's important to note that federal tax credits for Tesla vehicles are phasing out. As of 2019, the federal tax credit for the Model 3 is $3,750 until June 30, after which it drops to $1,875 until December 31. After that, the credit will no longer be available.

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State and local incentives may also apply, depending on where you live. These incentives can further reduce the overall cost of ownership, making the Model 3 an even more appealing option for budget-conscious buyers.

Delivery and Wait Times

Tesla currently offers home delivery and delivery at designated centers. With the shift to online sales, the company has streamlined its delivery process, reducing wait times. In major markets such as Atlanta, Chicago, Denver, Houston, Los Angeles, and New York, wait times for the base Model 3 are currently estimated at two to four weeks.

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This means that buyers who act quickly can still take advantage of the higher federal tax credit, provided they have sufficient tax liability. It's a small window of opportunity, but one that could result in significant savings.

Comparing the Model 3 to Competitors

The Tesla Model 3 is not without competition. Other electric vehicles, such as the Chevrolet Bolt and the Nissan Leaf, offer similar features at comparable price points. However, the Model 3 stands out for its performance, range, and the prestige associated with the Tesla brand.

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For example, the 2019 Nissan Leaf Plus offers a range of up to 226 miles, which is slightly less than the Model 3's base range. The Chevrolet Bolt, on the other hand, offers a range of 238 miles, but lacks the performance and luxury features that come standard with the Model 3.

Conclusion

The introduction of the $35,000 Tesla Model 3 marks a significant milestone in the electric vehicle market. With its combination of performance, range, and affordability, the Model 3 is poised to attract a new wave of buyers. Tesla's shift to online sales and its commitment to expanding its service network further enhance the appeal of this groundbreaking vehicle.

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For those considering an electric vehicle, now is the time to act. With federal tax credits phasing out and wait times relatively short, the opportunity to own a Tesla Model 3 at an unprecedented price point may not last long. Visit MotorVero to explore your options and make an informed decision today.

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Last Updated On Mar, 17-2025

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