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After a nearly nine-month hiatus, Tesla has reopened orders for its long-range Model 3.<\/p>\n
The vehicle reappeared on the automaker\u2019s website<\/a> earlier this week with a steep price drop<\/a>. It previously started at $57,990, but now sits at $47,240 before any interior, exterior or software<\/a> upgrades.<\/p>\n Still, this roughly 18.5% discount seems to come with a catch.<\/p>\n Tesla previously advertised a 358-mile range<\/a> before it paused orders<\/a> on the longer-range vehicle last August. The company now lists the model as having a maximum range of \u201c325+\u201d miles, for drivers who choose the 18-inch \u201cAero Wheels\u201d configuration. The long-range Model 3\u2019s projected range drops to 310 miles with the 19-inch \u201cSport Wheels\u201d upgrade. As Engadget<\/a> reports, the change may be linked to Tesla\u2019s ongoing cost-cutting efforts<\/a>.<\/p>\n For reference, Tesla advertises a 267 to 272-mile range for its regular-old Model 3, depending on the wheels.<\/p>\n Like its stock, the starting price for Tesla\u2019s vehicles have proved particularly unsteady in recent months. In December, the automaker cut prices for Model 3 and Model Y<\/a> buyers to boost end-of-year sales, unnerving some of its investors in the process. Tesla issued additional cuts in April<\/a>, and then it bumped prices up again just yesterday<\/a>.<\/p>\n Tesla\u2019s discounts cut into its margins<\/a> in the first quarter of this year; the automaker recorded a 24% drop in net income in Q1 2023 from the same period last year.<\/p>\n<\/p><\/div>\n