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Tesla just launched a new souped-up Model 3 as it battles slumping sales

85
Kelsey Vlamis
·2 min read
A Tesla Model 3 fully electric EV car is displayed during the Everything Electric London 2024 at ExCel on March 28, 2024 in London, England.
Tesla announced an update of its Model 3, pictured here on March 28, 2024, in London, England.John Keeble/Getty Images

  • Tesla unveiled an upgraded version of its Model 3 Performance sedan on Tuesday.

  • Tesla said the new Model 3 has more power, reduced energy consumption, and improved handling.

  • The announcement follows a decline in sales, layoffs, and a drop in Tesla's stock.

Tesla announced a new version of its Model 3 sedan on Tuesday as the electric vehicle maker faces a decline in sales.

The upgraded Model 3 Performance, which starts at $52,990, can go from zero to 60 mph in 29 seconds and has a top speed of 163 mph, according to Tesla.

Tesla said the vehicle has more power with less energy consumption compared to the previous Model 3 Performance version. The company said it also has a new adaptive damping system that adjusts to inputs from the driver and the road in real time for better handling, among other changes.