Tesla has been teasing a big announcement all day, and now the company has dropped the base price of the Model 3 to $47,600 in Canada.
In addition to lowering the price, the company is also selling a few new trim options.
In the U.S., the Model 3 dropped down to the long-awaited $35,000 USD, which has been a long-term goal for the electric vehicle manufacturer.
Canadians can buy a Model 3 with Tesla’s ‘Standard Interior’ for $40,900 after Tesla’s estimated gas savings, but the real price of the vehicle is $47,600. The base Model 3 has a range of 354km. The next step up has a ‘Partial Premium Interior’ and ‘Standard Range Plus’ and costs $50,300 before Tesla’s savings. The vehicle’s range is 386km.
Previously, the lowest price for a Model 3 in Canada was $58,000, but it seems like Tesla has shaved a few thousand off that price for its new Standard Range Rear-Wheel Drive Model 3 offerings.
The Tesla Mid-Range Premium Interior Model 3 comes in at $54,300 and has a 425km range. The Long-Range Premium Interior model costs $58,400.
The All-Wheel-Drive Long-Range Model 3 costs $63,800, and the top-tier Performance model’s price is $78,600.
Depending on which province or territory you live in, your provincial government may offer EV discounts to reduce the price of the car even more. For example, Quebec residents can get around $8,000 in rebates, while British Columbians can get $5,000.
To help make things a little easier, Tesla has dropped the price of its Autopilot tech. Then, to make this a bit more confusing, it also changed a feature’s name.
The base price of ‘Autopilot’ when you buy the car is $4,000 and then upgrading to the ‘Full Self-Driving Capability’ costs $6,600. The base Autopilot upgrade used to cost $6,600, and it’s unclear what the Full Self-Driving was priced at. Currently, buying these features after you order the car costs $5,000 for Autopilot and $9,200 for Full Self-Driving.
Previously, Tesla’s Autopilot feature was called ‘Enhanced AutoPilot,’ and it used to include more features. Most of these features, like ‘Summon’ and ‘Auto-park,’ are now under the Full Self-Driving umbrella.
Moving these features under the Full Self-Driving section may be a move by Tesla to make more profit off of each car since the price has been lowered. It’s also a bit odd since Tesla removed the Full Self-Driving moniker from its site in October.
Further, to support the lower-cost Teslas, the company has decided to shift all of its vehicle sales online over several months. To help ease this transition, the EV-company is letting users test out a Tesla for seven-days or 1,000 miles (roughly, 1,600km) before they decide if they want to keep it or not.
The company is also looking to develop its roadside assistance and service protocols with “the goal of same-day, if not same-hour service, and with most service done by us coming to you,” according to the company’s press release.
The automaker hasn’t forgotten about its existing customers either. Long-Range Rear-Wheel drive Model 3 owners are getting an update that increases their car’s range to 325kms and increases its speed to 260kmph. The update should also add about five percent peak power to all Model 3s, states Tesla’s press release.