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On Feb. 28, Tesla (TSLA) announced the arrival of the long-awaited $35,000 standard range Model 3 sedan. That might have been cause for excitement among some Tesla boosters, if it was all the electric car company had to announce. Unfortunately, the arrival of the cheaper Model 3 variant was accompanied by fresh price cuts to all Tesla vehicles, including the luxury Model S sedan and Model X crossover.
The latest across-the-board drop in price has been met with confusion and dismay among buyers who have seen the value of their expensive new vehicles