The Tesla Model 3 Will Officially Cost $35,000 Before Incentives

Tesla Model 3
Rumored a year ago, echoed at The Automotive World Congress, and now, finally, from the electric vehicle automaker itself, Tesla has announced that its entry-level Model 3 will retail for $35,000.

On to some math:

A $7,500 federal tax credit will be layered on top of the sticker price (for all buyers who at least meet a $7,500 tax liability) before state subsidies like a $2,500 credit from California, Tennessee, and Massachusetts, or a smile-inducing $6,000 from Colorado are factored in. Some states, like Georgia, refuse to offer any additional incentives, but it won’t surprise anyone that Georgian residents don’t put in many EV orders.

That means Colorado residents who can collect all available credits will be able to own a Model 3 for just $21,500. For those who can only cash in on the federal government’s incentives, the Model 3 will cost $27,500.

Compared to other EVs on the market, the Model 3 will be priced smack-dab in the middle of the range. Here are the following pure-EV prices, after incentives: Volkswagen’s Golf EV: $21,495, Nissan’s Leaf: $21,510, Ford’s Focus Electric: $21,670, Fiat’s 500e: $24,800, Kia’s Soul EV: $26,200, Ford’s Fusion Energi: $29,893, and BMW’s i3: $34,900.

For greater perspective, the average transaction price for a new car in the U.S. is $33,800.

Best of all for Tesla fans is that the Model 3 will boast a range of 200 miles or more on a single charge and Tesla’s Supercharger network is now in full swing, so rapid charging on the go won’t be nearly as much of a chore as it was when the Model S first came out.

Beyond its price, information about the Model 3 is limited, but we do know it will be about 20 percent smaller than the Model S and should be styled similar to its sibling. The new vehicle’s unveiling should take place in a few weeks time.

Food & Drink

What Is Baijiu: 4 Brands to Try Right Now

Baijiu is one of the most-consumed spirts in the world. It's time to learn why.
Outdoors

6 Best U.S. National Parks to Visit in the Winter

Smaller crowds at some of the more popular parks are just one of the benefits.
Travel

An Entire Swiss Village Could Become One Beautiful ‘Scattered Hotel’

Spend the night at an authentic, 19th-century Swiss village before it disappears forever.
Auto

Harley-Davidson Wants to Harness Lightning with the Production LiveWire

If Harley-Davidson wants LiveWire to be a success, not only does it need to drive well, but it needs to be priced so the next generation of riders can afford it.
Auto

How to Clean Your Car’s Foggy Headlights

You can use everyday household items to do a quick restore of your headlights.
Auto

Hyper-Sub Is an Insane Navy-Approved Speedboat-Submarine and We Want One

Because jetpacks and flying cars are so last month.
Auto

Britain’s Legendary Morgan Motor Company Announces ‘110 Anniversary’ Lineup

Experience "the nearest thing to flying without leaving the ground."
Auto

Porsche GT2 RS MR Destroys Lamborghini’s Record on the ‘Ring

Porsche's ballsiest 911 ever shaved another four seconds off its lap time to re-take the title of "King of the 'Ring."
Auto

McLaren Reintroduces a Three-Seater Supercar with the Speedtail

Now you and your two best friends can hit 186 mph in 12.8 seconds together.
Auto

Aston Martin Wants Its Flying Car Concept to Be Your New Commuter

"Air travel will be a crucial part in the future of transportation ... We need to look at alternative solutions to reduce congestion, cut pollution, and improve mobility.”
Auto

Aprilia Teases a 217-Horsepower Superbike Dubbed the RSV4 1100

The horsepower wars we’ve seen take root in the automotive world have spread to the motorcycle realm. Case in point: the Aprilia RSV4 1100.
Auto

Dodge Unleashes a 1,000-Horsepower Stampede Called the Hellephant

Dodge's new crate engine was designed to be a fairly plug-and-play kit.
Auto

5 Best Beginner Motorcycles for Aspiring Riders

Our top picks will have you grinning from ear to ear, seeing the sights, carving canyon corners, and doing so on a relatively respectable budget, but also keep you safe.
Culture

How to Maximize Your Mini-Moon

Though far less tedious than orchestrating a honeymoon (while also planning a wedding), a mini-moon does require a bit of planning. Here are some ideas to get you started.