Between solar roof tiles, energy storage, and electric vehicles, Tesla is making waves in the renewable energy and electric vehicle industries. They’re finally living up to CEO Elon Musk’s promise on its Model 3 by offering the “Standard” version of the vehicle that starts at $35,000—before incentives. It’s a long-time coming for the first new auto manufacturer in the US to meet mass production in decades, but the company is now making the Model 3 at reliable scale, cutting wait times for most models to below two weeks, a far cry from the more than 6 months customers were waiting just last fall.
With incentives—even though Tesla has produced more than 200,000 EVs and buyers no longer qualify for the full $7,500 federal tax credit, they can currently receive a $3,750 federal tax credit through the end of June 2019—dropping the base price to $31,250.
The price drops further with some state rebates, like Colorado’s $5,000 EV rebate, which would drop its price to $26,250 in the first half of the year. Tesla also estimates further savings for the Model 3 compared to a gas car over the first six-years of ownership at $4,300 in Colorado. That drops that base cost down to $21,950 for the base model. That’s assuming charging the Model 3 would cost $30 to $50 a month, compared to $150 to 200 a month in gas costs.
This is a sponsored post from SolarReviews.