(Reuters) – Tesla (NASDAQ:)’s most reasonably priced Mannequin 3 compact sedan was not obtainable for order within the U.S., in line with the EV maker’s web site on Wednesday.
The Mannequin 3 Customary Vary Rear-Wheel Drive, priced at $38,990, makes use of lithium iron phosphate (LFP) battery cells sourced from China.
The U.S. not too long ago introduced greater tariffs on Chinese language imports, together with a 100% tariff on EVs and 25% on EV batteries and key minerals.
Moreover, automobiles that include Chinese language-made parts, akin to LFP battery cells, are ineligible for the $7,500 federal tax credit score supplied by the federal government.
Tesla’s Mannequin 3 Lengthy Vary Rear-Wheel Drive is now its most reasonably priced providing in the USA, priced at $42,490.
Earlier at the moment, the EV maker reported a smaller-than-expected rise in third-quarter deliveries, indicating that incentives and financing offers haven’t sufficiently attracted clients.
