Tesla has lowered the base prices for the entry-level versions of the Model 3 and Model Y in the USA – by 1,000 to 36,990 US dollars for the Model 3 Standard Range+ and by 2,000 to 39,900 dollars for the Model Y Standard Range. The performance models, on the other hand, became more expensive.
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For the Model 3, this corresponds to a price reduction of around 2.6 per cent, while the Model Y has become 4.8 per cent cheaper. In both cases, however, this only refers to the Standard Range versions. The all-wheel-drive models with the Long Range battery have not become cheaper, on the contrary, their prices went up.
The Model 3 Performance is now listed in the configurator in the USA at 55,990 dollars, 1,000 dollars or 1.8 per cent more than before. The performance variant of the Model Y has also become $1,000 more expensive and now costs $60,990, an increase of 1.7 per cent.
The price reduction for the entry-level models is interesting from two points of view: with a base price of less than 37,000 dollars, the Model 3 SR+ would slip below the psychologically important 30,000 dollar mark, provided that the government of US President Joe Biden implements its plans for electric car subsidies. Then the Model 3 could get a $7,000 tax credit.
And with the latest round of price cuts, the Model Y is once again cheaper than Volkswagen’s current entry-level ID.4 offer in the US – albeit only by five dollars. The price cut comes as a surprise here, however, as Tesla had only announced this version of the Model Y in the first place at the beginning of January 2021.
In Germany, the prices in the configurator have not changed so far: The base price of the Model 3 Standard Plus has been 39,990 euros since the last price reduction in January, while the Model Y continues to cost at least 58,620 euros in the “Maximum Range” variant, which has been the cheapest in this country so far.
Update 22 February 2021: After Tesla lowered the base prices for the entry-level versions of the Model 3 and Model Y and raised prices for the performance models in the USA a few days ago, there is now also a price change for the long-range models. The prices for the all-wheel-drive versions of both models with a Long Range battery have been lowered by 1,000 dollars each. The Model 3 Long Range now costs $45,990, the Model Y with the large battery is available in the USA at costs starting from $48,990.
Now the basic Model Y (Standard Range RWD) has been removed from the range – as usual without any explanation. The price for this model was adjusted only last week. As reported above, Tesla had only included the Model Y SR in the model range at the beginning of January 2021.
Update 23 February 2021: Elon Musk has now explained why the base model of the Model Y (Standard Range RWD) has been removed from the configurator in the USA. It is now only available on request because the range does not meet the Tesla standard under a number of different driving conditions.
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