
Tesla prices keep dropping, Model 3 & Y now at lowest prices ever
- by Electrek
- Oct 05, 2023
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Tesla prices have been falling all year, and today we’ve got another price cut to report on most trims of Tesla’s most popular models, leaving the Model 3 at the lowest price it’s ever been.
Model Y – Long Range & Performance are $2K cheaper
The Model Y Long Range and Model Y Performance are both now listed for $2,000 less than they were earlier today, with the Model Y Long Range going for $48,490 and the Model Y Performance going for $52,490 on Tesla’s website.
Previously, the models started at $50,490 and $54,490 respectively.
The change comes days after Tesla introduced the cheapest Model Y the US has seen, the new Model Y Rear-wheel drive, which starts at $43,990. That model was not subject to today’s $2K price drop, and remains at the same price it was introduced at earlier this week.
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Model 3 is now the cheapest Tesla ever
The Model 3 has also seen a price reduction, with all three trims getting discounted as compared to earlier today. The Model 3 Rear-wheel drive and Long Range versions both get a $1,250 price cut, and the Performance model is down $2,250 from previous pricing.
These models now start at $38,990 for the RWD, $45,990 for the LR, and $50,990 for the Performance model. Previously they sold for $40,240, $47,240, and $53,240 respectively.
The new prices mean that with even modest state, local, or regional tax credits, on top of the $7,500 federal credit, a new Model 3 could cost less than $30K for the right buyer. This is the cheapest new Tesla ever, save the questionably briefly available $35K Model 3 – though between inflation and more tax credit availability now than at that time, today’s Model 3 is an even better deal than that one would have been.
The Model 3 recently got a big refresh with lots of changes in foreign markets, though the refreshed “Highland” Model 3 is not expected to be available in the US until next year. So Tesla probably feels the need to sweeten the pot a little for buyers who might otherwise wait for the new version to come out.
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