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Tesla Model 3 Long Range Is Back
Tesla has released the Model Y long range on their website again. The old Model 3 long range had these specifications:
2022 Tesla Model 3 Long Range:
* Price: ~ $57,990 (Note, this price would have come down to around $48,000)
* Range: 358 miles
* Battery: Lithium-ion (NMC)
* 0-60 mph: 4.2 seconds
2023 Tesla Model 3 Long Range:
* Price: $47,400
* Range: 325+ miles
* Battery: 2170 from LG Chem or LFP from CATL
* 0-60 mph: 4.2 seconds
You can use some deductive reasoning to come to a conclusion about the battery of this new Model 3 long range. As much as I would like it to be an LFP battery from CATL that has a dual-motor setup, I just don't see that happening with a 4.2 0-60 mph. The reason I believe that is the old Model 3 long range also had that acceleration, and an LFP battery is going to be a little bit slower.
I have to deduce that the battery is not LFP, but it is a battery from a foreign country that the U.S. doesn't have a free trade agreement with. The reason for that is that Tesla specifically says that the tax credit is cut in half from $7,500 to $3,750 for this vehicle.
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What Kind of Batteries Does It Have
The primary battery I think that Tesla is using for this new Model 3 long range is the 2170 form factor battery from LG Chem.
LG Chem is a battery manufacturer location in Seoul, South Korea. It sells batteries for companies making electric vehicles, but these batteries are, of course, not made in the U.S. and are going to lower the tax credit.
As I said earlier, I don't think these batteries are LFP, though I wish they were. It would be nice to have a Model 3 with even longer range and a dual-motor setup that could charge to 100% regularly.
I wouldn't mind if the 0-60 mph time was 4.6 or 4.8 seconds, even - that wouldn't be a problem for me. I just don't think 4.2 seconds is doable by an LFP battery, unless Tesla has figured something out that I don't know about.
If the battery is an NMC chemistry and degrades faster by charging to 100%, then I don't see this vehicle as good of a deal compared to the Model 3 RWD. The only advantage is faster acceleration and dual-motors for snow, rain, or more difficult driving conditions.
The Model Y long range is a much better deal because it is about the same base price and if the new Model 3 long range doesn't have LFP batteries, I think the Model Y is a better deal - unless you really want a sedan.
What do you think of the new Tesla Model 3 long range? What kind of battery does it have?
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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.
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