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Tesla Launches New Model

Tesla Launches New Model 3 Variant Rear-Wheel Drive at Lower Price. Tesla (TSLA) unveiled a new rear-wheel drive variant of its Model 3 long-range vehicle on Thursday. Priced at $42,490, this new model is $5,000 cheaper than the all-wheel drive version, making it a more affordable option for consumers looking for a long-range electric vehicle.

The introduction of this new variant comes without any changes to the prices of Tesla’s other Model 3 versions, including the base Model 3, the long-range all-wheel drive, and the performance variants. This strategic pricing move aims to attract a broader range of buyers by offering more budget-friendly options.

Tesla’s decision to launch the rear-wheel drive Model 3 variant follows its recent financial performance, where the company reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter. This decline was less severe than anticipated, thanks to various price cuts and incentives that helped counterbalance the cooling demand for electric vehicles.

The new Model 3 variant is expected to appeal to cost-conscious consumers who are still looking for a vehicle with significant range capabilities. By expanding its product lineup, Tesla aims to maintain its competitive edge in the electric vehicle market and continue driving sales despite broader economic challenges.

As the market for electric vehicles continues to evolve, Tesla’s ability to offer a diverse range of options at different price points will be crucial in maintaining its market leadership and attracting new customers. Tesla Launches New Model 3 Variant Rear-Wheel Drive at Lower Price.

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