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The
revamped version of the long-range and rear-wheel drive Model 3
variants include new features such as a rear display for
backseat passengers, according to Tesla's website.
Following the changes, the long-range variant can go 341 miles
on a single charge, up from 333 miles earlier.
Tesla has also refreshed its wheel designs, now available in two
new colors, "Stealth Grey" and "Ultra Red."
The Model 3 rear-wheel drive variant is priced at $38,990, while
the long-range variant costs $45,990, after both became
ineligible for a $7,500 federal tax credit at the end of 2023,
based on new guidance under the U.S. Inflation Reduction Act.
Tesla has removed the Model 3 Performance variant, which was the
most expensive version of the compact sedan at $50,990 before
the federal tax credit, from its North American websites.
The upgraded Model 3, developed under a project codenamed
"Highland", was unveiled in China in September last year at a
higher price. It went on sale in Europe a month later.
Analysts attributed Tesla's record quarterly deliveries earlier
this month to the design changes as well as discounts and
incentives the company offered at the end of 2023.
Still, the American company lost its spot as the top
electric-vehicle maker by sales to China's BYD in the fourth
quarter, underscoring the threat it faces from the Chinese firm
that has been able to drum up demand with cheaper vehicles.
(Reporting by Shubham Kalia and Akash Sriram in Bengaluru;
Editing by Sonia Cheema and Devika Syamnath)
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