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Tesla's promised $ 35,000 model 3 is finally here

Tesla finally releases the long-awaited $ 35,000 version of the Model 3. The company is currently producing several versions of a "Standard Range" model 3 that can travel 220 miles with a single load. Previously, the cheapest model 3 had begun after a price cut in February at 42,900 US dollars.

The Standard Range base model will start at $ 35,000, has a top speed of 130 miles per hour, and speeds from 0 to 60 mph in 5.6 seconds. A second version called "Standard Range Plus" will be available for $ 37,000 with a range of 240 miles and a top speed of 140 km / h and will go from 0 to 60 miles per hour in 5.3 seconds. The Standard Range Plus model is also equipped with "premium interior" according to Tesla.

. "From the beginning, this was the goal," said Elon Musk, CEO, at a press release on the news. "It's an incredible car."

The new versions of the Model 3 can now be ordered online, and in fact this is the only way to buy Tesla's cars. The company claims to shift all sales worldwide to the online business, so you can not buy a car in one of the company's stores. By selling all sales online, Tesla says it will be able to lower the price of its cars by 6 percent, eventually reaching the $ 35,000 mark.

As a result of this change, Tesla says it will "reduce many of our businesses." A small number will remain open at "high traffic locations" to serve as "galleries, showcases and Tesla information centers" company says.

Tesla says shoppers are now also allowed to return a car for a full refund within 7 days or 1

,000 miles. "In the truest sense of the word, you could buy a Tesla, drive several hundred miles for a weekend trip with friends and then return it for free," the company said in a blog post. So the company will also make up for the test drives, which it currently offers in the shops, said Musk in the conference call.

The Model 3 should always start at $ 35,000 Tesla had to rely on more expensive versions of the car in 2016 after it was in production. The company would "die" if it sold the more affordable version too early, Musk said in 2018, also because Tesla had spent the money to get the Model 3 on the way. The more expensive versions of the Model 3, which sold up to $ 70,000, saw large margins that allowed Tesla to achieve the first quarterly profit in two years.

In addition to the $ 35,000 3 news, Tesla said Thursday that new firmware updates are being shipped to existing vehicles that improve performance. After the update, the maximum mileage of the Long Range Rear Wheel Model 3 will increase to 325 miles. In the most expensive version, the Model 3 Performance, the top speed will rise to 162 mph.

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