Affordable Tesla Model 3 pricing revealed

Affordable Tesla Model 3 pricing revealed



Good news if you’ve been eyeing a Model 3 from Tesla. The company has just announced a more affordable version, called the Rear-Wheel Drive 110 that starts at S$179,999. 

This means the Model 3 lineup now consists of four models:

  • Rear-Wheel Drive 110 (new)
  • Premium Rear-Wheel Drive 110
  • Premium Long Range Rear-Wheel Drive
  • Performance All-Wheel Drive

The new Rear-Wheel Drive 110 qualifies for a Cat A COE and differs from the “Premium” models in a couple of ways. You can see the differences in the table below. 

Rear-Wheel Drive 110

Premium Rear-Wheel Drive 110

7-speaker sound system

9-speaker sound system

No FM/DAB radio

FM/DAB radio

18-inch steel wheels

18 and 19-inch alloy wheels options

No ambient lighting

Customisable ambient lighting

Manual-adjust steering wheel

Electrically-powered steering wheel

Interior textile decor

Microsuede and interior textile decor

Second-row manual-adjust air vents

Second-row touchscreen-adjust air vents

Vegan leather with textile inserts seats

Perforated vegan leather seats

First-row heated and ventilated seats with power tilt seats

First-row heated and ventilated seats with power tilt seats

No Second-row heated seats

Second-row heated seats

Power-folding side-view mirrors

Power-adjust and auto-dimming side-view mirrors

Passive shock absorbers

Frequency dependent shock absorbers

Crucially, power output and range remain unchanged. This means it has 147hp and a 0-100km/h time of 8.6 seconds, and a claimed WLTP range of 534km.

This is how the Model 3 lineup looks right now.

Model 3 variant

Rear-Wheel Drive 110

Premium Rear-Wheel Drive 110

Premium Long Range Rear-Wheel Drive

Performance All-Wheel Drive

Power

147hp

147hp

294hp

618hp

Range

534km

534km

750km

571km

0-100km/h

8.6 seconds

8.6 seconds

5.3 seconds

3.1 seconds

Road tax per annum

S$1,562

S$1,562

S$2,200

S$6,698

Price

S$179,999

S$199,999

S$219,999

S$256,232

Tesla’s decision to offer an even lower-priced Model 3 should make it more competitive against the current crop of Chinese EVs. More important perhaps is that it gives consumers more options. Yes, this new variant loses some features, but they don’t appear to be outright dealbreakers. I can’t see many people bemoaning the loss of the FM radio or ambient lighting.

For customers, I think what’s most appealing is that this enables them to get a Model 3 with a lower monthly cash outlay. According to Tesla, this new variant can be had for S$1,401 a month – assuming the customer puts a 40% down payment takes a loan from one of Tesla’s “preferred financial institutions” at an interest rate of 1.28% per annum.

Availability and pricing

The Tesla Model 3 Rear-Wheel Drive 110 is available now. To order and to find out more, visit Tesla’s website. 

Note: Prices are correct at the time of publishing and may change depending on COE prices. 



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