2024 Tesla Model 3 and Model Y cheaper than ever with prices slashed in Australia

The 2024 Tesla Model 3 sedan and 2024 Tesla Model Y midsize SUV have received more price cuts.

It is the third price reduction applied to the Model 3 and Model Y since April 1, which combined have seen the cost of Australia’s best-selling electric cars fall between $7000 and $9100 for some variants.

The latest price reductions are focused on popular Rear-Wheel Drive and Long Range AWD versions of the Model 3 and Model Y, with the Model Y Rear-Wheel Drive down $5000, Model 3 Rear-Wheel Drive down $4000, and Model 3 Long Range AWD down $3000.

4

There have been no price reductions for the Model 3 Performance, Model Y Long Range AWD or Model Y Performance, after Tesla dropped $8500 from the last two in April.

The recently-launched Model 3 Performance – priced from $80,900 before on-road costs – is down $2500 over the pre-facelift model last offered in September 2023.

VFACTS new-car sales data reveals Tesla is Australia’s most-popular electric vehicle brand – and the 10th highest carmaker overall – with 14,866 cars sold to the end of April 2024, split between 8001 Model Ys and 6865 Model 3s.

Electric vehicle sales in April 2024 decreased over the same month in 2023 – down five per cent with 6194 sold – but year-to-date registrations are 32 per cent higher at 31,662 compared to 23,926 in 2023.

4

2024 Tesla Model 3 pricing – as of 21 May 2024

Tesla Model 3 Australian pricing history

4

2024 Tesla Model Y pricing – as of 21 May 2024

Tesla Model Y Australian pricing history