Tesla Cuts the Model 3 Price Again

The electric sedan’s sticker price is now $42,900, still well above the long-promised $35,000

Tesla is building a massive factory in Shanghai, the first wholly foreign-owned car plant in China. WSJ’s Trefor Moss explains why it’s doing so even as U.S.-China trade tensions heat up. Photo illustration: Crystal Tai
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Tesla Inc. cut the price of its mass-market Model 3 sedan for the second time this year, another step in Chief Executive Elon Musk’s quest to drive the sticker price—not counting tax credits and fuel savings—down to $35,000.

The Silicon Valley auto maker shaved another $1,100 off the cheapest version of the Model 3, lowering the price to $42,900. Last month, Tesla lowered prices by $2,000 for the entry version, after a federal tax credit for buyers of electric vehicles was cut in half Jan. 1

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