Tesla has formally revealed a brand new Efficiency variant of the recently-refreshed Mannequin 3 sedan as the corporate seems to be to struggle off receding demand.

The brand new model of the Mannequin 3, which begins at $52,990, has a brand new energetic damping system and adaptive suspension for higher dealing with and luxury, 296 miles of battery vary and might journey from 0 to 60 miles per hour in 2.9 seconds with 510 horsepower on supply.

In comparison with the earlier Mannequin 3 Efficiency, the brand new model has 32% extra peak energy and 16% extra peak torque, and 5% much less drag. It does all this whereas consuming much less power than its predecessor, based on Tesla. That’s thanks partially to a new-generation drive unit, and likewise a rear diffuser and spoiler. The entrance and rear ends of the automobile have additionally benefited from a slight facelift, separating it from the opposite variations of the newly-tweaked Mannequin 3 revealed final yr.

The Mannequin 3 Efficiency nonetheless carries with it the wholesale adjustments made with that latest refresh. Meaning there’s an ambient gentle bar wrapping across the cabin inside, higher sound dampening and upgraded supplies all through, a stalk-less steering wheel and a brand new touchscreen show.

Tesla is launching the brand new Mannequin 3 Efficiency at a time when the corporate is coming off considered one of its worst quarters for deliveries in latest reminiscence, having dropped 20% in comparison with the fourth quarter of 2023. The affect of that disappointing first quarter is ready to be revealed Tuesday when the corporate publishes its monetary outcomes after the market closes.

Tesla can also be only one week faraway from saying sweeping layoffs of greater than 10% to its world workforce, with the cuts affecting seemingly all corners of the corporate.

Orders positioned Tuesday, at the least on the time of publication, present an estimated supply window of Could/June 2024 in North America.