Tesla price drops8/13/2023 ![]() ![]() Tesla's price cuts this year came after nearly two years when it had been pushing prices higher and could not keep up with demand. Some owners of Tesla's in the United States had complained that the price cuts also eroded the resale value of their vehicles. Never underestimate the power of dank memes. Tesla's deep price cuts in January prompted protests in China from Tesla buyers who had bought earlier and missed out on the savings. Tesla Model S price drops to 69,420, seven-seat Model Y coming soon. Musk said strong demand had prompted the company to make its first small price increase to the Model Y and that the company would focus on price to drive demand with the economy headed toward what he believes will be a recession. market after the government raised the ceiling on the price of crossover electric vehicles eligible for the income tax incentive.Ĭhief Executive Elon Musk said last month that vehicle orders were roughly double the company’s output in January after the first round of price cuts. The Model Y also got a 3,000 haircut across its variants: the AWD version went. Tesla raised the price of its Model Y Long Range earlier this month in the U.S. Ahead of its Q1 earnings report, Tesla dropped the price of its Model 3 standard range RWD from 41,990 to 39,990. Prices for the other two versions of the Model 3 and the Model Y on sale in the United States were unchanged on Tuesday. ![]() The rear-wheel-drive Model 3 is about 9% cheaper. ![]() The company has been adjusting prices online since with a cadence that is unusual in an industry where the benchmark is still described as a "sticker prices" on the window of a vehicle in inventory.Īfter the recent changes, the performance version of the Model Y, which has a higher top speed and a lower suspension, is still about 16% cheaper than it was in early January for U.S. Tesla rolled out sweeping price cuts in January across its line-up and in all of its major markets. It cut the price of the rear-wheel drive Model 3 sedan, its cheapest model, by $500 to $42,990, the website showed.īoth vehicles qualify for $7,500 in federal tax credits. Tesla increased the price of its Model Y performance crossover by $1,000 to $58,990, its website showed. And unlike earlier this year, you can now order a standard range Model Y, which costs $49,990 before any options.Feb 14 (Reuters) - Tesla (TSLA.O) has changed prices for one version of each of its Model 3 sedan and Model Y crossover, the fourth price adjustment by the electric vehicle maker since the start of the year. In February, it raised Model Y prices by $2,000 after the US Department of Treasury said it would use more lenient rules in determining whether or not the Model Y counted as an SUV for the clean vehicle tax credit.Ī week later, Tesla tweaked Model Y pricing yet again, and it has now cut another $2,000 from the Model Y Long Range and Model Y Performance, which now start at $52,990 and $56,990, respectively. In January, the automaker chopped $13,000 from the prices of the Model Y Long Range and Model Y Performance. Model Y prices have gone through a little more yo-yoing than the other cars in Tesla's lineup. Tesla notes that the RWD Model 3 will also lose half of the IRS clean vehicle tax credit starting on April 18, although all-wheel drive Model 3s and all Model Ys will still be eligible for the full $7,500 credit. ![]() A rear-wheel-drive Model 3 now starts at $41,990-in January, this version cost $43,990 it then dropped another $500 in February. Model 3 sedans are now $1,000 cheaper across the board, marking their third price cut in recent months. ![]()
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