Tesla relaunches Model 3 Long Range AWD, increases prices of Model Y and 3 across variants by $250

-

-Advertisement-

After being suspended for more than 8 months, Tesla has brought back the Model 3 Long Range AWD with a new price tag and reduced range compared to the previous year.

Tesla has also increased the prices of all the variants of Model 3 and Model Y by $250 (see the complete lists below).

Tesla abruptly stopped taking orders for the Model 3 Long Range variant last year when it was priced at $57,990. Now with all the price reductions since Q1 of this year, Tesla has also reduced the price of the relaunched Model 3 Long Range AWD to $47,240.

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

Another difference is the EPA estimated range of the Model 3 Long Range, instead of the old 334 miles, Tesla now lists its range as 325 miles.

Some among the Tesla community guessing that the new Long Range Model 3 has an LFP (Lithium-iron-phosphate /LiFePO4) battery just like the base Model 3 variant. This is based on the wrong range calculation, the range has not dropped from 558 miles to 525 miles, it has dropped only 9 miles (from 334 to 325).

The idea of this small range reduction in Model 3 Long Range is due to the LFP battery is too far-fetched, IMO.

Tesla Model 3 and Model Y Federal Tax Credit slabs as mentioned on Tesla's official website.
Screenshot: Tesla Model 3 and Model Y Federal Tax Credit slabs as mentioned on Tesla’s official website.

Another reason that seems a bit concrete is the lower federal tax credit offered on Model 3 Long Range AWD. Instead of $7,500, it is only entitled to a $3,750 tax credit for eligible customers. This may be due to the fact that Tesla is using an LFP battery imported from the Chinese provider CATL which lowers the tax credit slab of this variant.

To be eligible for the full tax credit, an electric vehicle should be assembled in the United States plus 40% of its minerals and 50% of its battery components should also be sourced from North America.

Let’s go through the list of new Model Y/3 prices after the $250 increase.

Tesla Model 3 New Prices

Tesla estimates to deliver the new Model 3 Long Range vehicles as early as June (next month). This could be a good chance to get the deal.

However, some Tesla enthusiasts think that it’s better to get a Tesla Model 3 Performance for a full $7,500 tax credit instead of getting the Long Range AWD for a $3,750 tax rebate.

Here are the new prices of the Tesla Model 3 as of 3rd May 2023:

  • Tesla Model 3 RWD = $40,240 (previous: $39,990)
  • Tesla Model 3 Long Range AWD = 47,240 (previous: $57,990 before suspension last year)
  • Tesla Model 3 Performance = $53,240 (previous: $52,990)
Screenshot: Prices of all the variants of the Tesla Model 3 in the United States as of 3rd May 2023.
Screenshot: Prices of all the variants of the Tesla Model 3 in the United States as of 3rd May 2023. Source: Tesla online car configurator.

Tesla Model Y New Prices

Tesla Model Y also received a small price increase of $250 for each variant. Here’s the list of new prices as of 3rd May 2023:

  • Tesla Model Y = $47,240 (previous: $46,990)
  • Tesla Model Y Long Range AWD = $50,240 (previous: $49,990)
  • Tesla Model Y Performance = $54,240 (previous: $53,990)
Screenshot: Prices of all the variants of the Tesla Model Y in the United States as of 3rd May 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 3rd May 2023 and the addition of the new base variant of the electric SUV. Source: Tesla online car configurator.

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

Related

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Author of more than 1500 articles on Tesla, SpaceX, and EVs. His work has been liked and tweeted by Elon Musk and other prominent influencers. You can reach him on Twitter @IqtidarAlii

Latest News

Flight 10 Starship explodes during testing at Starbase, Texas resulting in a launch delay (video)

Starbase, Texas — last night (18th June, around 11:00 PM CT), Flight 10 Starship upper stage aka Ship 36...

Tesla update 2025.20.3 enables Service Mode noise recording for older Teslas with Intel Atom and AMD Ryzen processors

The 2025.20.3 Tesla over-the-air (OTA) software update doesn't just make improvements for the driver/vehicle users; it comes with some...

Seattle ICE protesters seeing a Cybertruck “Don’t touch it, it has cameras” (video)

A Tesla Cybertruck was stuck in a traffic jam as anti-U.S. Immigration and Customs Enforcement (ICE) protesters blocked a...

Tesla update 2025.20.3 release notes, undocumented features, and rollout stats

Tesla (TSLA) started the rollout of the awaited 2025.20 over-the-air (OTA) software update last week. The rumors of Grok...
- Advertisement -

Flight 10 Starship explodes during testing at Starbase, Texas resulting in a launch delay (video)

Starbase, Texas — last night (18th June, around 11:00 PM CT), Flight 10 Starship upper stage aka Ship 36...

SpaceX prepares for Starship’s 10th flight, conducts a static fire test on Booster 16, Starbase updates

After the unfortunate events of Starship's 9th launch and landing test, SpaceX is gearing up for its next flight...

Trump to cancel SpaceX contracts, Musk retracts from decommissioning the Dragon spacecraft program

Tesla & SpaceX CEO Elon Musk and US President Donald Trump's romance has taken a historic and unanticipated turn....

Tesla Tips & Tricks

Tesla Model Y/3 heat pump issue in cold weather might not be fixable with just a software update

Canada's extreme cold weather is taking a toll on...

Leaked photo of the Tesla Cybertruck bed reveals 3 power outlets of 120 and 240 volts

As close as we get to the Cybertruck Delivery...

Here’s how to pair Apple Watch with your Tesla, unlock it and send commands remotely

Tesla (TSLA) released a notable feature with the 2024...

Tesla Quarterly Reports & Eearnings

Tesla (TSLA) surges after Q1 2025 Earnings Call, Musk’s time at DOGE to drop significantly soon

Surprisingly, after reporting negative Q1 2025 automotive and overall...

What to expect from Tesla (TSLA) Q1 2025 Earnings Call with Elon Musk

Today's Tesla (TSLA) Q1 2025 Earnings Call is probably...

Tesla (TSLA) announces time and date of the Q1 2025 Earnings Call

Elon Musk's electric vehicle and energy storage company Tesla...
- Advertisement -

You might also likeRELATED
Recommended for You