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EV giant Tesla Inc (NASDAQ:TSLA) has restarted taking orders for its Model 3 Long Range in the U.S. after an eight-month-long pause.
What Happened: The Tesla Model 3 Long Range is now available to order on Tesla’s website for $47,240, with deliveries estimated in June.
The vehicle previously cost $57,990, according to Electrek, indicating an 18.5% cut from the time it was last priced before orders were halted.
Longer Wait Time: The Long Range has a longer wait time than the Model 3 Rear-Wheel drive and Performance versions, both of which will be delivered in May itself as per the website.
The Long Range is only eligible for a $3,750 tax credit like the rear-wheel drive, possibly because the batteries are not manufactured in the U.S. The Model 3 Performance, however, is eligible for a $7,500 tax credit.
See Also: Everything You Need To Know About Tesla Stock
Why It Matters: Tesla stopped taking Model 3 Long Range orders in August. The website then showed that the car would be available in 2023.
Musk had pegged the reason for the pause to a long waitlist. “Will enable again as we ramp production,” he had said.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Read More: Tesla Takes Yet Another U-Turn With Price Hike On Model 3, Y Variants
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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