2023 Tesla Model 3 and Model Y prices fall between $1600-3400

Tesla’s public website has been updated with lower prices across the brand’s range in Australia.

The drops bring the price of Tesla’s Model 3 and Model Y rear-drive base models back to where they were on June 10 2022, prior to the June 17 price hike.

However, the Model 3 Long Range AWD is notably more affordable than before, now $76,900 before on-road costs (down $3100).

This comes as a slight shock with most companies in the space, including most recently Volkswagen, Toyota, Mitsubishi and more, bumping prices in line with increased shipping costs and inflation.

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Instead, the cheapest Tesla you can get – a standard range Model 3 rear-drive – falls back from $65,500 to $63,900, according to the brand’s website.

Several option prices are also down, with the tri-coat red paint now $500 cheaper at $2400, 19-inch alloy sport wheels on Model 3 $1800 (previously $2200) and Model Y 20-inch Induction wheels $2400.

In a slight turn, Tesla's order fee has risen by $50 (now $400), while delivery charge is up by $25 to $1400.

All other permutations of Model 3 and Model Y have also dropped – see the table below for details.

Comparisons

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Australian Tesla pricing for January 2023

Prices listed are before on-road costs

*Includes Luxury Car Tax

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Why have Tesla prices dropped?

There are various reasons on the table. Shipping costs may have normalised, or with a greater volume arriving, the cars may simply be more affordable to build and ship, and Tesla is passing savings onto customers.

Regardless, there are no obvious changes to the specification of any Tesla model.

But it's most likely a reaction to Tesla's sales slump in China – where Model 3 and Model Y are built for Australia – which has seen the brand cut prices by up to 13 per cent.

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In the case of the Model 3 Long Range AWD (which, unlike the base model, is cheaper than it was in June 2022), its pricing now falls within the threshold for stamp duty rebates in NSW and interest free loans in the ACT.

Similarly, it may be easier to access each state and territory’s individual cash rebates if you’re looking at a rear drive Model 3.

WhichCar has contacted Tesla for comment, and any extra information will be added in the future.

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