Tesla is introducing a lower-priced version of its Model 3 sedan.
The base price will be $45,000; it will cost about $35,000 in California after federal and state tax rebates.
The company has long promised the Model 3 would be its vehicle for the masses, but it originally focused on building premium versions of the car while it struggled to ramp up factory production.
Tesla is finally offering a less expensive version of its Model 3 electric car.
The company has relased and is taking orders for a "lower cost, mid-range" version of its mass-production vehicle, Tesla CEO Elon Musk announced Thursday on Twitter. The base price will be $45,000. But in California, it will cost $35,000 after federal and state tax rebates, Musk said.
Tesla expects to begin deliveries in about four months, a company representative said.