Tesla has stopped selling its cheapest car

Tesla's least expensive car is off the market: the Model 3 Standard Range Rear-Wheel Drive is no longer available in the online configurator. Electrek first reported on the absence of that Model 3 build. It was the cheapest option from the electric vehicle brand with a price tag of $39,000. Now the Model 3 Long-Range Rear-Wheel Drive takes that title with a retail price of $42,500. Tesla unveiled a refresh to its Model 3 line in the US in January.

The company also posted numbers for the third quarter today, with 462,890 vehicles delivered between July and September. Sales were aided by price cuts and other incentives during the quarter, enough to reach a 6.4 percent increase from the previous year's deliveries. However, the figure fell short of analysts' predictions for more than 469,000 deliveries during the period. This quarterly result could also hamper CEO Elon Musk's projections for the company to surpass the 1.8 million vehicles it handed over in all of 2023.

Tesla has also been struggling with recalls this year. Most of those issues were fixed with over-the-air updates, but the scope and number of the issues may also be leaving customers with doubts. Recalls impacted 200,000 vehicles in January, 2 million in February, 125,000 in May, 12,000 in June, 1.8 million in July, and more than 9,000 in August.

This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/tesla-has-stopped-selling-its-cheapest-car-212756966.html?src=rss

HOT news

Related posts

Latest posts

From a Large $13 XRP Worth Prediction to the Realities of Ripple Markets

XRP is likely one of the hottest and high-volume altcoins out there, drawing super consideration throughout the board. It’s additionally oftentimes the topic of...

Verifiable Bitcoin Accounts for Institutional Bitcoin: Your Custody, Your Phrases

Threshold Community at present introduced Verifiable Bitcoin Accounts (VBA), a brand new framework for institutional Bitcoin deployment constructed on the identical signer infrastructure...

BYD’s subsequent all-electric hypercar is a convertible that is coming to Europe first

BYD could also be recognized for its reasonably priced all-electric vehicles, however that doesn't imply it received't dabble within the occasional hypercar underneath one...

Whales Simply Collected 800 Billion PEPE Tokens in a Week: Is a Breakout Above $0.0000041 Coming?

PEPE worth is buying and selling at roughly $0.0000037, down 4.91% within the final 24h as Bitcoin’s pulls again under $78,000. Quantity tells the...

Hyperliquid’s (HYPE) Progress Story Meets Slowing Exercise: Report

Hyperliquid’s HYPE token rose 80% over the previous 90 days, considerably outperforming Bitcoin’s 10% acquire over the identical interval. This worth motion comes within...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!