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The wait is over – Tesla is now selling a $35,000 all-electric sedan.
The announcement was teased by Elon Musk is recent days and Tesla made the budget Model 3 available for order Thursday afternoon.
The Standard Range base model will start at $35,000, travel 220 miles on a single charge, hit a top speed of 130 mph and go from 0 to 60mph in 5.6 seconds.
Standard Interior includes:
A version called “Standard Range Plus” is $37,000 with 240 miles of range, a top speed of 140mph, and a 0 to 60 mph time of 5.3 seconds.
Standard Range Plus also give the option for a “Partial Premium Interior” that includes:
Tesla also announced that it is shifting sales worldwide to online only. “You can now buy a Tesla in North America via your phone in about 1 minute, and that capability will soon be extended worldwide,” the company said in a blog post.
Tesla said it wants to make it easier to try out and return a Tesla. Consumers can now return a car within seven days or 1,000 miles for a full refund.
“Quite literally, you could buy a Tesla, drive several hundred miles for a weekend road trip with friends and then return it for free,” the post said.
Shifting all sales online, combined with other ongoing cost efficiencies, will enable Tesla to lower all vehicle prices by about 6% on average, allowing the company to achieve the $35,000 Model 3 price point earlier than expected.
“Over the next few months, we will be winding down many of our stores, with a small number of stores in high-traffic locations remaining as galleries, showcases and Tesla information centers,” the post said. “The important thing for customers in the United States to understand is that, with online sales, anyone in any state can quickly and easily buy a Tesla.”
Tesla also announced a number of firmware upgrades for both new and existing customers. The upgrades will increase the range of the Long Range Rear-Wheel Drive Model 3 to 325 miles, increase the top speed of Model 3 Performance to 162 mph, and add an average of approximately 5% peak power to all Model 3 vehicles.