Friday 05/December/2025 – 02:00 PM
Tesla launched the new, lower-priced version of its Model 3 in Europe on Friday, two months after its debut in the United States, aiming to boost sales as competition intensifies and demand slows.
Tesla launches a lower-priced version of the Model 3 in Europe
Facing a company Tesla They fell in demand across Europe, where new registrations fell sharply this year despite the updated Model Y lineup, especially with many buyers opting for competing vehicles, according to Reuters.
CEO Elon Musk had long promised to bring new vehicles to market, but last year he scrapped plans to produce an all-new $25,000 electric car, choosing instead to build lower-priced versions of existing models, a shift that raised concerns among analysts.
Musk is working to shift the company toward artificial intelligence, with a focus on robotaxis and humanoid robots, but new cars are key to near-term revenue growth hopes.
The new Tesla Model 3 is priced at about 37,970 euros ($44,299.60) in Germany, 330,056 Norwegian kroner ($32,698) in Norway, and 449,990 Swedish krona ($47,820) in Sweden, according to Tesla’s website.
