Tesla Reduces Prices Of Model 3 and Model Y, Now Starting Under $37,000

Tesla Reduces Prices Of Model 3 and Model Y, Now Starting Under $37,000

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Tesla has revised its pricing across the Model 3 and Model Y lineup, including price reductions for both base models.

The new cheapest Tesla vehicle now begins under $37,000 onwards.

Tesla Model 3 Prices

With the price revision today, Tesla has now decreased the price of the Model 3 Standard Range Plus to a new low of $36,990.

Let’s find out the price differences for all 3 types of Model 3:

  • Tesla Model 3 Standard Range Plus currently priced at $36,990, was $37,990 previously
  • Tesla Model 3 Long Range (AWD) currently priced at $46,990, was $46,990 previously
  • Tesla Model 3 Performance (AWD) currently priced at  $55,990, was $54,990 previously

It’s imminent that Tesla didn’t change the price of the Model 3 Long Range, which now has a $10,000 difference from the base version, but it is accompanied by a larger battery pack and an extra motor.

The Model 3 Performance has received a price increase in reality.

The revised pricing comes after modifications that the automaker introduced as part of the Model 3 refresh late last year.

Tesla Model Y Prices

Along with the modifications to the Model 3 prices, Tesla has also updated prices in the Model Y lineup.

Significantly, Tesla has lessened the cost of the Model Y Standard Range by $2,000 to now $39,990.

That’s an important price reduction for a vehicle that was introduced only a month back.

Officially, the vehicle was launched last month despite Elon Musk earlier claiming that Tesla wouldn’t make that version of the electric SUV due to range concerns.

Let’s find out the price differences for all 3 types of Model Y:

  • Tesla Model Y Standard Range currently priced at $39,990, was $41,990 previously
  • Tesla Model Y Long Range (AWD) currently priced at $49,990, was $49,990 previously
  • Tesla Model Y Performance (AWD) currently priced at $60,990, was $59,990 previously

Like the Model 3, the Model Y Long Range remains the same price, but the performance version also receives a $1,000 price increase.

Over the last few months, Tesla is updating the Model Y to equal some of the updates made in Model 3.

More recently, a Model Y was found with the new centre console started in the Model 3 2021 refresh.

But, the old centre console is still shown in the online configurator when placing a new update even after the configurator being updated with these new prices.

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