Tesla raises Model Y prices and slightly reduces the price of the base Model 3

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Tesla has once again shuffled the prices of its lower-end Model 3 and Model Y vehicles. This is the third time the Austin, TX-based electric automaker has changed its pricing since the start of the new year 2023.

The first change of this year was a significant price drop across Tesla’s entire vehicle lineup last month.

Tesla had shuffled its prices several times throughout last year mainly due to inflation and increased interest rates. Most of these were price hikes instead of drops.

Let’s review the most recent Model Y and Model 3 price changes of February one by one below.

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Tesla Model Y New Prices

Tesla Model Y was the one receiving the heaviest price drop last month of up to 20% on different variants. But toward the end of January, Tesla increased the price of the Model Y electric SUV by $500 due to the increased demand, according to Elon Musk’s opening remarks during the Q4 2022 earnings call.

Here’s the list of the new Tesla Model Y prices:

  • Tesla Model Y Long Range AWD = $54,990 (previous: $53,450, a 2.8% increase)
  • Tesla Model Y Performance = $57,990 (previous: $56,990, a 1.75%increas)
Screenshot: Prices of all the variants of the Tesla Model Y in the United States as of 4th February 2023. Source: Tesla online car configurator.
Screenshot: Prices of all the variants of the Tesla Model Y in the United States as of 4th February 2023. Source: Tesla online car configurator.

Interestingly, a fully-loaded Tesla Model Y Performance with the $15,000 Full Self-Driving (FSD) Capability software can still qualify for the $7,500 EV tax credit.

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A Tesla Model Y with FSD, white interior, premium paint option, and tow hitch still costs $76,990 which falls under the tax credit cap of $80,000 for the Model Y (more details on the Tesla support website).

Tesla Model 3 New Prices

The most affordable Tesla car, the Tesla Model 3 became even cheaper with the latest price drop of $500. The new price of the base variant of the Tesla Model 3 compact electric sedan is now $43,490.

Here are the new prices of Tesla Model 3 with older ones in the brackets for comparison:

  • Tesla Model 3 RWD = $43,490 (previous: $43,990, a 1.1% drop)
  • Tesla Model 3 Performance = $53,990 (unchanged)
Screenshot: Prices of all the variants of the Tesla Model 3 in the United States as of 4th February 2023. Source: Tesla online car configurator.
Screenshot: Prices of all the variants of the Tesla Model 3 in the United States as of 4th February 2023. Source: Tesla online car configurator.

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Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

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