Tesla Bumps Up Prices Of Entry-Level Model 3 And Performance

Tesla has increased the price for the most affordable version of the Model 3 as well as the range-topping Performance.

The American car manufacturer recently updated pricing for the Model 3, revealing that the Standard Range Plus version of the electric sedan now starts at $39,490 as opposed to $38,990. In addition, the range of this particular model has increased from an advertised 240 miles (386 km) to 250 miles (402 km) likely due to a software change.

Elsewhere, the starting price of the Tesla Model 3 Performance has been increased by $1000 and the deposit to reserve one has been lowered to just $100 although that fee is now non-refundable.

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Tesla hasn’t commented on the price changes but this is far from an unusual move by the company as it frequently adjusts pricing of its models in the U.S. and international markets.

Tesla’s long-promised $35,000 Model 3 was launched earlier this year. However, just a month later, it was removed from the company’s website and only available ‘off-the-menu’. Sitting in the place of the software-locked $35,000 Model 3 is the Standard Range Plus variant in question. We doubt buyers will be dissuaded by the $500 price hike thanks to the extra 10 miles of range.

Other Tesla Model 3 versions available through Tesla’s website are the Dual Motor All-Wheel Drive ‘Long Range’ and ‘Performance’ models. Prices for the Long Range start at $47,990 while the Performance can now be purchased from $56,990.