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Another day, another round of Tesla price cuts.
Shortly after introducing a RWD variant of the Model Y, which is the cheapest variant of the car we’ve seen in the U.S. after the federal EV tax credit, Tesla slashed the prices of its other Model 3 and Model Y variants. have given
The Tesla Model 3 now starts at $38,990, down $1,250 from the previous price of $40,240. This is for the RWD version; The Long Range variant is now $45,990, down from $47,240, while the Model 3 Performance is down from $53,240 to $50,990.
The RWD Model Y has not changed its price. It still starts at $43,990. But the long-range and performance variants have become cheaper. The Tesla Model Y LR will now set you back $48,490, down from $50,490, while the Model YP is down from $54,490 to $52,490.
Both cars qualify for federal tax credits, and possibly state incentives as well, meaning they can be very affordable depending on where you live.
This Tesla CEO Elon Musk is actually worth noting promise The Model 3 will be a $35,000 car. There was a version that actually fulfilled that promise, but it was short-lived and difficult to obtain. Now, with tax incentives, you can actually get a Model 3 for under $30,000.
Tesla launched its cheapest ever Model Y in the US.
The price cuts aren’t huge, but they’re notable because Tesla has made its cars more affordable several times this year. With this latest move, the company is likely making the competition very uncomfortable. The Model 3 and Model Y lead the list of best-selling EV cars in the U.S., and the company recently said it delivered 419,074 Model 3 and Y vehicles in the third quarter of 2023, the year to date. There is an increase of 29% year-on-year.
