Tesla Bumps the Price on the Base Model 3

Tesla is raising the price of the Standard Range Plus Model 3 by $500 and adding 10 miles of range. The pricing updates were posted Thursday to the company’s online configurator.

A sticker of $39,490 before tax incentives will now get consumers a Model 3 with an additional 250 miles of range, an increase of 10 miles. Tesla has previously added range to vehicles through software updates, but did not give specifics on how it would do so for the new version of the Standard Range Plus.

Tesla also changed the deposit for ordering a new vehicle to a $100 non-refundable fee. The company previously required a fully-refundable deposit of $2,500.

Tesla still offers a lower-priced Model 3, but doesn’t actively promote the vehicle for purchase. The $35,000 base Model 3 that Tesla promised at the car’s unveiling in 2016 is no longer listed on the automaker’s website, rather it’s an off-menu item that must be ordered through a salesperson. 

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