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Home ยป Tesla Slashes Model 3 and Model Y Prices in the US

Tesla Slashes Model 3 and Model Y Prices in the US

Canaccord Genuity just cut his price target on $TSLA from $267 to $234

Tesla has dropped prices across its Model 3 and Model Y lineup in the United States, making the vehicles more affordable than ever when factoring in tax credits.

The Model Y Long Range and Performance variants saw price cuts of $2,000 each. With the $7,500 federal tax credit, the Long Range now starts at just $40,990.

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Meanwhile, the Model 3 lineup received even steeper reductions. The rear-wheel drive Model 3 is now $38,990, the Long Range starts at $45,990, and the Performance begins at $50,990 – all several thousand dollars less than before.

After the $3,750 tax credit, the entry-level Model 3 can be purchased for only $31,490. This represents incredible value for a vehicle with Tesla’s technology, performance and safety.

The newly reduced pricing applies to both new orders and existing reservations. Tesla likely aims to sustain strong demand in a cooling economy.

As the federal tax credits wind down, Tesla is offsetting the loss of eligibility with outright vehicle price cuts. This ensures competitiveness and maintains high value versus gas-powered and other electric vehicles.

With some of the most affordable pricing ever on its Model 3 and Model Y lineup, Tesla continues making electric mobility more accessible to mainstream consumers. The company retains its strategy of ultimately reaching sustainable high-volume production at lower price points.

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