Tesla Knocks $1,100 Off Price of the Model 3
DETROIT (AP) — Tesla is cutting $1,100 from the base price of its car designed for the mass market, the Model 3. The electric car company now says on its website that the car starts at $42,900, still a ways from its goal of lowering the base price to $35,000. Tesla cut 7 percent of its workforce last month to trim costs and reduce the price of the car. CEO Elon Musk says the Model 3 must be competitive with gasoline-fueled cars for the company to succeed.
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