Tesla’s new $78,000 Model 3 is incredibly overpriced (TSLA)

The merely $60,000 version of the Model 3. Hollis Johnson/Business Insider


Tesla CEO Elon Musk wasn’t sufficiently distracted over this past weekend by the royal union of Meghan and Harry to avoid tweeting out some illuminating news about his carmaker’s newest effort to arrest a stock slide.

Say hello to the performance-spec of the Model 3, a vehicle that was revealed amid considerable hoopla back in 2016 and promises that it would sell for $35,000. At launch last July, Tesla announced that only a premium version would initially go on sale, priced at $44,000.

In 2017, when we got to check out the Model 3, we enjoyed a nearly $60,000 version.

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