Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website.
The new Model 3 long-range variant is priced at $42,490.
There were no changes to the prices of the base Model 3, the long-range all-wheel drive and the performance variants.
Tesla reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter as price cuts and incentives helped mitigate cooling demand.
The company will report second quarter earnings on July 23.