EV major Tesla (NASDAQ:TSLA) has launched an updated version of its Model 3 in North America and kept the prices unchanged. The company made this announcement through its website and a post on social media platform X:
Tesla has removed the most expensive Model 3 variant, ‘Performance,’ from North America and now offers only rear-wheel drive and long-range options. The rear-wheel drive is priced at $38,990, while the long-range is priced at $45,990 with an extended range of 341 miles. Both variants feature updates like a rear display, new colors, and styled wheels. The restyled Model 3 was initially launched in China at a higher price and later in Europe.
Is Tesla a Buy or Sell?
Analysts remain sidelined about TSLA with a Hold consensus rating based on 12 Buys, 13 Holds, and five Sells. Over the past year, TSLA has surged by more than 95%, and the average TSLA price target of $249.92 implies an upside potential of 6.4% at current levels.
