Tesla's Cheapest Model 3 Is Getting the Ax

When Tesla (NASDAQ: TSLA) first announced its Model 3, consumers were pleased to find out the base price of the vehicle would be $35,000 -- far more affordable than its Model S sedan, which costs more than twice this price. While it took the electric-car maker over a year after the first Model 3 deliveries to bring this cheaper version of the vehicle to market, it did finally follow through on its promise.

On Monday morning, however, we're learning that the automaker has suddenly stopped making $35,000 versions of the car. Will this leave Tesla vehicles out of reach for many people who can't afford to drop over $35,000?

Model 3. Image source: Tesla.

Source Fool.com