Tesla (NASDAQ: TSLA) Launches Cheaper Model 3 Long-Range Variant Priced at $42,490

On Thursday, Tesla (NASDAQ: TSLA) launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website.

The new Model 3 long-range variant is priced at $42,490.

There were no changes to the prices of the base Model 3, the long-range all-wheel drive, and the performance variants.

Tesla reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter as price cuts and incentives helped mitigate cooling demand.

The company will report second-quarter earnings on July 23.

(Source: ReutersReuters)

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