Latest in Gear

Image credit: Roberto Baldwin/Engadget

Tesla raises the price of its most affordable Model 3

It'll take $1,000 more to own the EV.
Roberto Baldwin/Engadget

That slightly more affordable Model 3 is no longer quite as much of a deal as it was just days ago. Tesla has raised the price of the EV with rear-wheel drive and the Mid Range battery by $1,000, bringing the sticker to $46,000. The company didn't explain the move in a statement to Electrek, but it did say it "will honor" the original pricing for anyone whose order is in progress. This might not be a deal breaker in the price category, but it may come as an unwelcome surprise.

There is an upshot to this, however: it might cost you less if you're inclined to splurge. Tesla has lowered the price of the AWD Long Range configuration by a similar amount to $53,000. Whether or not component costs play a factor in the price changes, Tesla appears to be aiming for an upsell -- it's now that much more tempting to spend extra for a more powerful Model 3.

All products recommended by Engadget were selected by our editorial team, independent of our parent company, Verizon Media. If you buy something through one of our links, we may earn an affiliate commission.

From around the web

ear iconeye icontext filevr