Model 3 Standard slaslhes price by £2k

Entry-level saloon has 332-mile range and lowest Tesla insurance rating

- Ellis Hyde [e-mail]

A NEW entry-level 'Standard' version of the Tesla Model 3 has landed in the UK and is available to order from £37,990, meaning it's knocked a healthy £2,000 off the bestselling EV's starting price - or is available from £249 per month.

For context, at the time of writing the most basic Polestar 2 costs from £45,160, the BYD Seal £45,705 and the cheapest BMW i4 is £51,370. Not only is it significantly cheaper, but the cut-price Model 3's 332-mile range is on a par with rivals' too.

The Model 3 Standard is also £7,000 cheaper than the Long Range Rear-Wheel Drive version it sits below, which is now referred to as Premium in the car's lineup.