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The 2023 Tesla Model 3 and 2023 Tesla Model Y electric cars are now more affordable than ever.
Tesla has revised pricing across its lineup from today, July 1, as a revised luxury car tax threshold for fuel-efficient vehicles comes into force for the 2023-24 financial year.
The Federal Government’s luxury car tax (LCT) applies to ‘fuel-efficient vehicles’ (any model with less than 7.0L/100km combined fuel consumption, including EVs) priced beyond $89,332 – a $4416, or 4.9 per cent increase, compared to the last financial year.
The entry-level Model 3 Rear-Wheel Drive is now listed at $57,400 before on-road costs – beating its previous $59,990 low between July 2021 and March 2022.
Meanwhile, the mid-spec Model 3 Long Range AWD is down $3900 to $70,400 plus on-roads, and the Performance AWD range-topper has reduced by $5155 to $83,400 – falling below the LCT threshold.
Both the Model Y Rear-Wheel Drive and Long Range AWD have decreased by $3900, while the flagship Performance AWD is down $6395 to $92,560, including the luxury car tax.
The latest pricing adjustment follows up and down changes for the Model 3 and Model Y in May, with updated pricing listed on Tesla's consumer website.
VFACTS new-car sales data reveals the Model 3 is Australia's best-selling electric car and the highest-selling passenger vehicle.
To the end of May, 10,117 Model 3s were registered in Australia, putting the electric sedan in fifth place behind the Toyota HiLux, Ford Ranger, Isuzu D-Max and Toyota RAV4.
As for the Model Y, it is Australia's best-selling electric SUV, with 8442 registrations year-to-date. It is also the top-selling vehicle in its medium SUV over $60,000 segment.
Tesla Model 3 pricing – July 2023
Prices exclude on-road costs, delivery fees and order fees.
| Model | Pricing | Change (vs. May 2023) |
|---|---|---|
| Rear-Wheel Drive | $57,400 | down $3900 |
| Long Range AWD | $70,400 | down $3900 |
| Performance AWD | $83,400 | down $5155 |
Tesla Model 3 Australian pricing history
Tesla Model Y pricing – July 2023
Prices exclude on-road costs, delivery fees and order fees. Luxury car tax is included where applicable for consistency with other vehicles.
| Model | Pricing | Change (vs. May 2023) |
|---|---|---|
| Rear-Wheel Drive | $65,400 | down $3900 |
| Long Range AWD | $78,400 | down $3900 |
| Performance AWD | $92,560 | down $6395 |
Tesla Model Y Australian pricing history
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