Tesla delivered the first batch of Model 3 sedans Friday night, finally revealing many of the big details we’ve been waiting to hear about. For example: the cheapest Tesla Model 3 still starts at $35,000, but a new Long Range version gives the Model 3 a Chevy Bolt-beating range of 310 miles.
While Tesla has received over 500,000 reservations for the Model 3, many buyers may be disappointed to learn that many of the first Model 3 sedans will have a higher starting price than the base $35k the company originally boasted about. The “electric car for the masses” will initially only be offered with a long-range battery, which carries a $9k premium over the base Model 3. This brings the starting price to $44,000 – before you add any other options.
Want an exterior color other than black? That will cost you an extra $1,000. The price will keep going up from there with the $5,000 Premium Upgrades package that adds power front seats, a tinted glass roof, plus a few other options. Enhanced Autopilot adds another $5,000 and “Full Self-Driving Capability,” adds another $5,000. With all the available options and even the fact that you have to pay a hefty premium for a color other than black, most Model 3 buyers will easily spend more than $35,000.
Either way, the Model 3 is one of the most significant new entries in the EV segment. The base Model has a driving range of 220 miles, which is longer than any other EV currently on the market (besides its brother, the Model S). Just like the Model S, the Tesla Model 3 is no slouch. The base Model 3 will reach 60 mph in 5.6 seconds, while the Long Range version is even faster with a 0-60 mph time of only 5.1 seconds. If you want an even faster Model 3, a performance version will arrive in about a year, which will feature dual motors and a 0-60 mph time closer to three seconds.
While Tesla delivered 30 Model 3 sedans, it will be a while until production is fully up and running. Over the next few months, production of the Model 3 will slowly ramp up to Tesla’s goal of producing 5,000 units a week, which should happen by December. If you place a reservation now, Tesla predicts that you’ll get your Model 3 in the second half of 2018 or by early 2019. Of course, if you already own a Tesla, you’ll get priority.