Tesla unveiled an upgraded version of its Model 3 Performance sedan on Tuesday. The new model boasts improved handling, more power, and reduced energy consumption. This announcement comes at a time when Tesla is facing a decline in sales, layoffs, and a drop in its stock.
The upgraded Model 3 Performance starts at $52,990 and offers improved performance capabilities, with the ability to go from zero to 60 mph in 29 seconds and a top speed of 163 mph. Tesla claims that the new model has more power with less energy consumption compared to its predecessor.
In addition to the performance enhancements, the new Model 3 features a new adaptive damping system that adjusts to inputs from the driver and road in real time, improving the vehicle’s handling. These updates aim to provide a more efficient and high-performing driving experience for Tesla customers.
Despite these developments, Tesla’s first-quarter sales were disappointing, with a 20% decline compared to the previous quarter. This marked the first year-over-year sales decline for Tesla since 2020. Following the sales report, Tesla implemented layoffs affecting over 10% of its workforce to address organizational redundancies. To further stimulate demand, Tesla issued price cuts on its vehicles. However, these efforts have not been enough to boost investor confidence, as Tesla’s stock was down 42% year-to-date at market close on Tuesday. The company continues to face challenges amidst a rapidly changing electric vehicle market and stiff competition.
Tesla announced an upgraded version of its Model 3 Performance sedan on Tuesday that promises more power and better handling than its predecessor while reducing energy consumption.
The upgraded Model 3 starts at $52,990 and can go from zero to 60 mph in just under three seconds while reaching a top speed of over 165 mph.
Tesla claims that this updated model is much more powerful than the original while using less energy.
In addition to improving performance capabilities, the new Model 3 also features an adaptive damping system that adjusts based on inputs from both drivers and roads in real-time.
This updated feature allows for smoother rides while providing better control during turns or corners.
Just before releasing its quarterly earnings report earlier this week, Tesla unveiled this latest upgrade for their popular electric sedan.