Tesla Increases Price of Model Y, Cuts Price of Model 3 RWD in U.S.

Tesla has tweaked its prices yet again in america for the Model Y and Model 3.

In keeping with changes spotted by @Tslachan, the Model Y has increased in price as expected in any case trims today now qualify for the federal tax incentive of $7,500.

Previously, only the 7-seater Model Y was eligible but with a price cap raised to $80,000 USD across the board, all Model Y trims now qualify and we suspected a price hike was imminent. It’s now here.

Model Y Price Changes 

  • Long Range: $54,990 (was $53,490; up $1,500)
  • Performance: $57,990 (was $56,990; up $1,000)

As for the Model 3 Rear-Wheel-Drive (RWD), it has decreased in price, adding more price pressure on the auto industry.

Model 3 Price Changes

  • Model 3 RWD: $43,490 (was $43,990; down $500)
  • Performance: $53,990 (no change)

model 3 price cut

This increased price gap between the Model Y and Model 3 will likely push more sales towards the latter, because it’s now available from $349/month for leasing, as stated on Tesla’s website. After the $7,500 tax credit for eligible buyers, the Model 3 works out to simply $35,990 USD.

Tesla Model 3 Base Price History chart via Aldrich below:

Tesla also recently lowered prices in South Korea, with Model 3 and Model Y eligible for a recent state subsidies within the nation.

…developing, more to follow

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