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Tesla cuts Model 3 price below $46,000 and boosts range

Original: Tesla slashes entry price of Model 3 to below $46,000, boosts range and adds vehicle-to-load on all new EVs

Tesla has lowered the entry price of its Model 3 to below $46,000 while increasing the car's driving range. The company has also added vehicle-to-load capability, allowing power to be drawn from the car for external devices, as standard on all new Tesla electric vehicles. The move makes Tesla's cheapest model more affordable at a time of intense price competition among EV makers.

Why now: Price cuts and new features from Tesla typically pressure rival automakers and spark debate about an EV price war.

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