Tesla’s affordable new electric car might be even more affordable than we were led to believe. The high-end electric vehicle automaker generated buzz last fall when it hinted that the forthcoming Model 3 could have a price tag closer to a Toyota Camry than a luxury car. Now, it looks like the Model 3 could wind up as an even better bargain than anticipated, once tax credits and incentives are factored in.
Back in September, Tesla CEO Elon Musk promised on Twitter that a $35,000 Model 3 would be coming soon, and the company recently confirmed the decidedly mass-market sticker price, according to Bloomberg. Musk said the Tesla Model 3 will be “a smaller car, and without as many bells and whistles,” and that the company will manufacture in China as well as in California.
The announcement has been met with a certain amount of skepticism. Previous Tesla models were priced higher than expected, and Tesla has a bumpy track record when it comes to hitting its production targets and delivering vehicles on schedule.
What we do know for sure is that a Tesla spokesperson confirmed today that the official price for the all-electric Tesla Model 3 sedan will be $35,000 before incentives, and will be cheaper with incentives when it goes on sale.
That’s something to get excited about, but we already knew that a few months ago.
