Tesla price drops: Model Y becomes $3K cheaper, Model 3 now starts at just under $40K

-

-Advertisement-

Tesla Inc. (TSLA) dropped the prices of its Model Y electric SUV and Model 3 compact luxury sedan in April for the 2nd time. Earlier this month, Tesla introduced a new base Model Y with a price of almost $50K.

Now with today’s price drops, the base Model Y has become even more affordable. Tesla reduced the Model Y prices by $3K for all variants and now the base version starts at $46,990. The cheapest a Model Y ever became in the United States.

On the other end, the base variant of the Tesla Model 3 also became $2K cheaper which dropped its price to $39,990. When Elon Musk unveiled the Tesla Model 3 back in 2016, he promised an under $35K variant and it seems we’re getting closer to this price once again.

Tesla Model Y Accessories by EVANNEX (Sponsored Banner).
– Sponsored –

In this 2nd price drop of April, Tesla did not make any changes to the Model S and Model X prices. Let’s review the new prices of Tesla Model Y and Model 3 with the most recent price drop of April 2023.

Tesla Model Y New Prices

Tesla has made changes to the Model Y prices around 6 times till now in 2023. Tesla did not just drop the price of the base Model Y but the other two variants as well (Long Range AWD and Performance).

A Tesla Model Y Performance can now be bought for $53,990 which is just $1,000 above the price of a Model 3 Performance. This pricing seems interesting at this time but as we saw a leaked picture of the Next-gen Project Highland Tesla Model 3 recently, one should not be surprised.

The next design refresh of Model 3 may just be around the corner and with its launch, Tesla is going to certainly increase Model 3 prices.

Tesla also estimates delivery dates of Model Y within April and May. Perhaps, this also indicates higher production and lower demand.

Following are the latest prices after today’s drop:

  • Tesla Model Y = $46,990 (previous: $49,990)
  • Tesla Model Y Long Range AWD = $49,990 (previous: $52,990)
  • Tesla Model Y Performance = $53,990 (previous: $56,990)
– Advertisement –
Screenshot: Prices of all the variants of the Tesla Model Y in the United States as of 19th April 2023 and the addition of the new base variant of the electric SUV.
Screenshot: Prices of all the variants of the Tesla Model Y in the United States as of 19th April 2023 and the addition of the new base variant of the electric SUV. Source: Tesla online car configurator.

Tesla Model 3 New Prices

More interestingly, if you book a Tesla Model 3 today, the automaker estimates that your car will be delivered this month. There are only 11 days remaining in this month, so the stock must be adequate to supply new Model 3s to the customers.

Here are the new prices of the Tesla Model 3 as of 19th April 2023:

  • Tesla Model 3 RWD = $39,990 (previous: $41,990)
  • Tesla Model 3 Performance = $52,990 (previous: $53,990)
Screenshot: Prices of all the variants of the Tesla Model 3 in the United States as of 19th April 2023 and the addition of the new base variant of the electric SUV.
Screenshot: Prices of all the variants of the Tesla Model 3 in the United States as of 19th April 2023 and the addition of the new base variant of the electric SUV. Source: Tesla online car configurator.

The amazing thing is that both Tesla Model 3 and Model Y qualify for the new $7,500 federal tax credit. If you’re eligible for this tax credit, the starting price of a Tesla Model 3 ideally would be $32,490 and the price of a Model Y base variant would be as low as $39,490.

You can read about the federal EV tax incentives and eligibility criteria on Tesla’s official support website here.

Stay tuned for constant Tesla updates, follow us on: 
Google News | Flipboard | RSS (Feedly).

Related

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

Latest News

2023 Tesla Holiday Update (2023.44.25) release notes leak ahead of its public rollout

Just like last year, many of the Tesla Holiday Update features have been leaked ahead of its official rollout...

Cybertruck in Beast Mode beats a Porsche 911 in drag racing while pulling another one

"Dopamine on tap," is the slogan for Tesla's Cyberbeast (Cybertruck performance variant). The automaker guarantees a dopamine rush when...

Cybertruck’s range figures disappoint Tesla customers, even the range extender doesn’t match expectations

Tesla revealed the final features, specifications, and pricing of the Cybertruck at its Delivery Event on Thursday last week....

Watch how Tesla Cybertruck performs in a crash safety test against ICE pickup trucks

We didn't hear much about Tesla Cybertruck's safety from the company's CEO Elon Musk during the Delivery Event presentation...
- Advertisement -

Elon Musk’s iPhone wallpaper of Starship’s 2nd launch tells us a bit about his phone preferences

CEO of Tesla and SpaceX Elon Musk shared his personal phone's wallpaper on X (Twitter) a couple of days...

2nd Starship launch was a success, it went way beyond stage separation and then missing in space

After 7 months of excitement, hurdles, and wait, SpaceX finally launched Starship for the 2nd time. Although both Super...

SpaceX delays Starship launch to Saturday 18th Nov to fix a grid fin on the Super Heavy rocket, says Elon Musk

SpaceX CEO Elon Musk has announced on his social media platform X that the 2nd Starship launch which was...

Tesla Tips & Tricks

Here’s how Tesla Car Wash Mode works

Teslas are undoubtedly the world's most sophisticated production cars...

SpaceX enthusiast designs a 1:110 scale LEGO Starship

A NASA/SpaceX enthusiast who goes by the name of...

Tesla Quarterly Reports & Eearnings

- Advertisement -

You might also likeRELATED
Recommended for You