Tesla Model 3 Long Range Returns With $10,000 Price Cut – Tesla…

Tesla Model 3 Long Range Returns With $10,000 Price Cut – Tesla…

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EV giant Tesla Inc TSLA has resumed taking orders for its Model 3 Long Range in the United States after an eight-month hiatus.

What happened: The Tesla Model 3 Long Range is available to order now on Tesla’s website for $47,240, with deliveries expected in June.

The vehicle previously cost $57,990, accordingly electrindicating a fall of 18.5% since the last pricing before the order halt.

Longer waiting time: The Long Range has a longer wait than the Model 3 rear-wheel drive and Performance versions, both of which will ship in May itself, according to the website.

The Long Range is only eligible for a $3,750 tax credit like rear-wheel drive, possibly because of the batteries not made in the USA. However, the Model 3 Performance is eligible for a $7,500 tax credit.

See also: Everything you need to know about Tesla stock

Why it matters: Tesla stopped taking Model 3 Long Range orders in August. The website then revealed that the car would be available in 2023.

Musk had given a long waiting list as the reason for the break. “Will be activated again when we ramp up production,” he had said.

Learn more about Benzinga’s coverage of the future of mobility from follow this link.

Continue reading: Tesla makes another U-turn with price increases on Model 3, Y variants

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