Tesla cuts prices on Model 3 and Model Y in Australia – here’s how much you’ll save
Tesla has bucked an industry trend, dropping prices across its Model 3 and Model Y families – and lowering the cost of certain options – at a time when most manufacturers seem to only be increasing the cost of their EVs.
In a seemingly surprise move, Tesla has lowered the cost of both the Model 3 and the Model Y by up to $3400, depending on which model you’re shopping for.
The price changes aren’t uniform across the models, so let’s start with the Model 3, where the base price of the Rear Wheel Drive has dropped by $1600 to $63,900. The biggest discount has been applied to the Long Range variant, which has fallen by $3100 to $76,900. Finally, the Performance has seen $1700 trimmed from its sticker, now listing at $89,900.
| Tesla Model 3 | Old price | Price change | New price |
| Model 3 Rear Wheel Drive | $65,500 | – $1,600 | $63,900 |
| Model 3 Long Range | $80,000 | – $3,100 | $76,900 |
| Model 3 Performance | $91,600 | – $1,700 | $89,900 |
| Model 3 19″ Sport Wheels | $2,200 | – $400 | $1,800 |
For Model Y buyers, it’s the entry-level Rear Wheel Drive which has seen the biggest discount, falling by $3400 to $68,900. Pricing for the the Model Y Performance has dropped by $1800 to $94,900.
| Tesla Model Y | Old price | Price change | New price |
| Model Y Rear Wheel Drive | $72,300 | – $3,400 | $68,900 |
| Model Y Performance | $96,700 | – $1,800 | $94,900 |
| Model Y 20″ Induction Wheels | $2,900 | – $500 | $2,400 |
To be fair, these most recent changes mostly bring the cost of Tesla’s most popular models back to where they were before the last price rise, but it does mean buyers of the Model Y and Model 3 will now be paying less than they probably expected to.
And it would appear that customers who have placed and order, but who are yet to receive their vehicles, will also benefit from the cost reduction, despite essentially agreeing to the higher price when placing their order.
An email sent to customers in the queue for a Model Y or Model 3 this week said they too would benefit from the move to make “Tesla ownership more affordable”.
“Today, we updated the base price of Model Y and select vehicle options in Australia, making the path to Tesla ownership more affordable,” the email read.
“We are pleased to advise that your order is eligible for the updated pricing, your Motor Vehicle Order Agreement and Final Invoice will reflect this change accordingly in the coming days; no further action is required.”
It’s not just the cost of the metal that’s changed either, with Tesla lowering the cost of core options on both models, with the Model 3’s 19″ Sport Wheels dropping by $400 to $1800, and the Model Y’s 20″ Induction Wheels falling $500 to $2400. Red Multicoat Paint has also been reduced from $2900 to $2400.
Alas, it’s not all one-way traffic. The latest changes have also seen Tesla’s delivery fee increase by $50 to $400, and its delivery fee climb from $1375 to $1400. Happily, though, those changes are more than made up for by the sizeable price drops on the vehicles themselves.
Dig further into the detail and you’ll find that Tesla’s ordered recently no longer come with parking sensors, and neither model arrives with a Tesla Mobile Connector any longer, so you’ll have to shell out for a home charging cable or install a wallbox.
Still, any lowering of the cost of entry to an EV is cause for celebration.
