Tesla Model 3 gets a 9% battery range boost and faster acceleration.
The updated RWD Model 3 is expected to go on sale in the United States in early 2023
Tesla has launched an upgraded Model 3 in China with a 9% battery range boost and faster acceleration.
The price of the upgraded
Model 3 has risen by 12%, surprising
many analysts who expected a price cut.
The upgraded Model 3 is reportedly much cheaper to produce than the previous model, which should
help Tesla's profit margins.
Tesla will begin delivering the upgraded Model 3 in
China in the fourth quarter of 2023.
It also has a new front end with slimmer headlights and a revised rear end.
Tesla will also export the upgraded
Model 3 to Europe and other key markets in the coming months.
Tesla manufactures its own batteries
In Thursday's trading, Tesla's stock price rose, and investors are hoping that the upgraded
Model 3 will boost sales and the stock price even more.
Tesla has also faced bad headlines, including claims that it is increasing discounts on the
Model 3 and Model Y in North America.
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The Model 3 is available in three trims: rear-wheel drive, long range, and performance.