Tesla introduced another sale, the sixth time it has done so this year.
The lower price appeared on Tesla’s website late Tuesday, ahead of the company’s first-quarter earnings announcement late Wednesday. It brings the Model 3’s base price down to $41,380 with a required destination charge of $1,390, a $2,000 drop from the previous base price announced earlier this month.
2023 Tesla Model 3
This new base price actually brings the price of the entry-level rear-wheel-drive Model 3 below $40,000 considering the base version’s $3,750 EV tax credit—if buyers meet the requirements for the base model. income. This amount—half of the potential $7,500 available from the federal government—is determined under new rules introduced Tuesday that take into account the sourcing of key minerals and parts. of the battery.
This time, however, the Model 3 Performance doesn’t appear to have been discounted, while the entire Model Y line has been discounted by $3,000. The Base Edition currently starts at $48,380 with destination, while the Long Range and Performance start at $51,380 and $55,380 respectively. As we recently reported, Tesla Model Y is now competitively priced compared to products from other brands, EVs or not.
2023 Tesla Model 3
The big turning point occurred in January, when after a series of price increases Tesla comprehensive discount up to 20%. The company then lowered the prices of the Model S and Model X in March, with cut up to $10,000. It then slashed prices on both models again in April, bringing the base price of the Model S to $86,380 and the starting price of the Model X to $96,380.
Falling prices in recent months, combined with a marked drop in demand relative to supply, have sent used EV values into disarray. spearhead led by Model 3. Tesla’s earnings update scheduled for later today will likely address a production versus delivery issue, perhaps indicating whether more discount may be on the way.
