Tesla launches new Model 3 Performance variant to rev up demand

Tesla has formally revealed a brand new Performance variant of the lately refreshed Model 3 sedan as the corporate seems to combat off receding demand.

The new model of the Model 3, which begins at $52,990, has a brand new lively damping system and adaptive suspension for higher dealing with and luxury, 296 miles of battery vary and might journey from 0 to 60 miles per hour in 2.9 seconds with 510 horsepower on supply.

Compared to the earlier Model 3 Performance, the brand new model has 32% extra peak energy and 16% extra peak torque, and 5% much less drag. It does all this whereas consuming much less power than its predecessor, in line with Tesla. That’s thanks partially to a new-generation drive unit and a rear diffuser and spoiler. The entrance and rear ends of the automotive have additionally benefited from a slight face-lift, separating it from the opposite variations of the newly tweaked Model 3 revealed final 12 months.

The Model 3 Performance nonetheless carries with it the wholesale modifications made with that current refresh. That means there’s an ambient gentle bar wrapping across the cabin inside, higher sound dampening and upgraded supplies all through, a stalk-less steering wheel and a brand new touchscreen show.

Tesla is launching the brand new Model 3 Performance at a time when the corporate is coming off one in every of its worst quarters for deliveries in current reminiscence, having dropped 20% in comparison with the fourth quarter of 2023. The affect of that disappointing first quarter is ready to be revealed Tuesday when the corporate publishes its monetary outcomes after the market closes.

The firm can be only one week faraway from saying sweeping layoffs of greater than 10% of its world workforce, with the cuts affecting seemingly all corners of the corporate.

Orders positioned Tuesday, at the very least on the time of publication, present an estimated supply window of May/June 2024 in North America.

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