Tesla Model 3 Price Changes Over Time
Tesla, the leading electric vehicle (EV) manufacturer, has been making steady changes to the prices of its Model 3 lineup. These price adjustments have been observed over a period of several years, with fluctuations occurring on a monthly and quarterly basis. This article will explore the evolution of Tesla Model 3 prices from May 2019 to July 2023, highlighting the significant changes that have occurred.
May 2019 marked the beginning of this price analysis, with the initial prices for the Tesla Model 3 RWD, Tesla Model 3 Long Range AWD, and Tesla Model 3 Performance AWD listed at $66,000, not available, and $88,104, respectively. It is important to note that these prices exclude en route costs.
Two months later, in July 2019, Tesla launched its Model 3 lineup. During this launch, The prices for the Tesla Model 3 RWD and Tesla Model 3 Performance AWD remained the same at $66,000 and $98,624, respectively. However, the Tesla Model 3 Long Range AWD’s price increased to $87,842, which included the luxury car tax (LCT).
Continuing into December 2019, the Tesla Model 3 RWD’s price remained unchanged at $67,900. On the other hand, the Tesla Model 3 Long Range AWD experienced a price increase to $89,469, including LCT. The Tesla Model 3 Performance AWD also saw a price increase of 6.4 percent, reaching $99,869.
Fast forward to July 2020, all three models experienced price increases. The Tesla Model 3 RWD’s price rose to $73,900, marking an 8.8 percent increase. The Tesla Model 3 Long Range AWD and Tesla Model 3 Performance AWD saw smaller increases of 2.4 percent and 2.1 percent, respectively, resulting in prices of $91,613 and $102,013.
However, in October 2020, Tesla implemented a significant price reduction across the Model 3 lineup. The Tesla Model 3 RWD’s price decreased by 9.5 percent to $66,900, while the Tesla Model 3 Long Range AWD and Tesla Model 3 Performance AWD prices reduced by 8.9 percent and 9.4 percent, reaching $83,425 and $92,425, respectively.
Moving into April 2021, further price reductions were implemented, with all three models experiencing a 6.0 percent decrease. The Tesla Model 3 RWD, Tesla Model 3 Long Range AWD, and Tesla Model 3 Performance AWD were now priced at $62,900, $78,458, and $94,058, respectively.
Continuing the trend, Tesla reduced the prices again in July 2021. The Tesla Model 3 RWD’s price decreased by 4.8 percent to $59,900, while the Tesla Model 3 Long Range AWD and Tesla Model 3 Performance AWD experienced decreases of 6.4 percent and 9.7 percent, reaching $73,400 and $86,472, respectively.
In early March 2022, Tesla implemented a minor price increase for the Tesla Model 3 RWD to $60,900. However, the Tesla Model 3 Long Range AWD saw a slight decrease of 0.3 percent to $73,200. The Tesla Model 3 Performance AWD’s price remained unchanged at $86,472.
On March 15, 2022, Tesla announced another price increase, this time more significant across all three models. The Tesla Model 3 RWD’s price rose to $63,900, marking a 4.9 percent increase. Similarly, the Tesla Model 3 Long Range AWD and Tesla Model 3 Performance AWD saw increases of 4.1 percent and 6.0 percent, reaching $76,200 and $91,672, respectively.
Another price adjustment took place on June 17, 2022. The Tesla Model 3 RWD’s price increased by 2.5 percent, reaching $65,500, while the Tesla Model 3 Long Range AWD and Tesla Model 3 Performance AWD experienced increases of 5.1 percent and 3.9 percent, resulting in prices of $80,102 and $95,276, respectively.
On January 6, 2023, Tesla implemented price reductions again. The Tesla Model 3 RWD’s price decreased by 2.4 percent to $63,900, followed by the Tesla Model 3 Long Range AWD and Tesla Model 3 Performance AWD with decreases of 4.0 percent, resulting in prices of $76,900 and $91,395, respectively.
More recently, on February 10, 2023, the Tesla Model 3 RWD experienced a minor price increase of 0.6 percent, now priced at $64,300. The Tesla Model 3 Long Range AWD maintained its price at $76,900, and the Tesla Model 3 Performance AWD remained unchanged at $91,395, or $93,900 without LCT.
One week later, on February 17, 2023, no changes were made to the Tesla Model 3 RWD’s price, remaining at $64,300. However, the Tesla Model 3 Long Range AWD saw a slight increase of 0.5 percent to $77,300. The Tesla Model 3 Performance AWD’s price increased to $91,915, reflecting a 0.5 percent increase, or $94,300 without LCT.
The latest update to the Tesla Model 3 prices occurred on April 4, 2023. All three models experienced price reductions. The Tesla Model 3 RWD’s price decreased by 5.3 percent to $60,900, while the Tesla Model 3 Long Range AWD and Tesla Model 3 Performance AWD saw decreases of 4.4 percent and 4 percent, reaching $73,900 and $88,269 (including LCT), respectively.
Finally, on May 2, 2023, Tesla announced a minor price increase for the Tesla Model 3 RWD, now priced at $61,300, marking a 0.7 percent increase. The Tesla Model 3 Long Range AWD also saw a minor increase of 0.5 percent, reaching $74,300. The Tesla Model 3 Performance AWD’s price increased to $90,355, reflecting an increase of up to 2.3 percent (including LCT), or $87,300 without LCT.
As of July 1, 2023, the most recent update, the Tesla Model 3 RWD is priced at $57,400, while the Tesla Model 3 Long Range AWD and Tesla Model 3 Performance AWD are priced at $70,400 and $83,400, respectively. It is worth noting that the Tesla Model 3 Performance AWD’s price is now 8.7 percent less than the June 30 price, including LCT, and is now below the LCT threshold.
In conclusion, Tesla Model 3 prices have experienced fluctuation throughout the years. These price changes have included both increases and decreases, providing different pricing options for consumers. As Tesla continues to evolve and innovate in the EV market, further changes to Model 3 prices may be expected in the future.
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