2023 Tesla Model 3 and Model Y prices rise in Australia
Australia's best-selling electric car – and its just-released SUV twin – have risen in price by up to $3902 after Luxury Car Tax, with wait times still between nine and 12 months.
Prices of the 2023 Tesla Model 3 and Model Y electric cars have increased in Australia by up to $3902 (after Luxury Car Tax) – just a week after the latter went on sale in Australia.
Coinciding with a price increase in the US overnight, the Model 3 sedan and Model Y mid-size SUV are now between $1600 and $3902 dearer, depending on variant – a week after orders opened for the latter, or three months after the last price rise for the former.
While the entry-level Model 3 still qualifies for government subsidies in states including NSW and Victoria, its new RRP of $65,500 before on-road costs (and order/delivery fees) is $5600 higher than it was four months ago, an increase of 9.3 per cent.
The prices of the base and mid-spec Long Range variants – the latter of which now attracts Luxury Car Tax – of the Model 3 are the highest they've been since March 2021, while the Performance's new price is the highest since September 2020.
Meanwhile, the base rear-wheel-drive Model Y's $3400 price hike pushes it north of $70,000 plus on-road costs (and order/delivery fees) for the first time, while the Performance crosses $100,000 plus on-road costs with Luxury Car Tax included, at $101,612.
Wait times have not changed to coincide with the price rises, with the Model 3 and Model Y both listing February to May 2023 delivery windows for new orders – or nine to 12 months.
Standard feature levels also look to be unchanged, as do the prices of colour, wheel and trim options. As reported, a new $5100 Enhanced Autopilot option was added on Friday morning, one rung below the $10,100 Full Self-Driving package.
Drive understands prices are locked in when a buyer places their order – however, they will be exposed to the price increases if they choose a different model variant (for example, swap from a Model 3 Performance to a Long Range).
It's believed changes made to colour and wheels will not affect the locked-in price of the base vehicle, rather increasing the price only by the cost of the new option selected.
The 2023 Tesla Model 3 and Model Y are available to order now.
2023 Tesla Model 3 Australian pricing
- Model 3 Rear-Wheel Drive – $65,500 (up $1600)
- Model 3 Long Range AWD – $80,102 (up $3902, after Luxury Car Tax)
- Model 3 Performance AWD – $95,276 (up $3604, after Luxury Car Tax)
2023 Tesla Model Y Australian pricing
- Model Y Rear-Wheel Drive – $72,300 (up $3400)
- Model Y Performance AWD – $101,612 (up $3212, after Luxury Car Tax)
Tesla Model 3 price changes in Australia
Price change months (RRPs exclude on-road costs) | Tesla Model 3 RWD | Tesla Model 3 Long Range AWD | Tesla Model 3 Performance AWD |
May 2019 (orders open) | $66,000 | Not available | $88,104 |
July 2019 (launch) | $66,000 | $87,842 (incl. LCT) | $98,624 |
December 2019 | $67,900 (no change) | $89,469 (incl. LCT) | $99,869 (up 6.4 per cent) |
July 2020 | $73,900 (up 8.8 per cent) | $91,613 (up 2.4 per cent) | $102,013 (up 2.1 per cent) |
October 2020 | $66,900 (down 9.5 per cent) | $83,425 (down 8.9 per cent) | $92,425 (down 9.4 per cent) |
April 2021 | $62,900 (down 6.0 per cent) | $78,458 (down 6.0 per cent) | $94,058 (up 1.8 per cent) |
July 2021 | $59,900 (down 4.8 per cent) | $73,400 (down 6.4 per cent) | $86,472 (down 9.7 per cent) |
Early March 2022 | $60,900 (up 1.7 per cent) | $73,200 (down 0.3 per cent, December 2021) | $86,472 (unchanged) |
15 March 2022 | $63,900 (up 4.9 per cent) | $76,200 (up 4.1 per cent) | $91,672 (up 6.0 per cent) |
17 June 2022 | $65,500 (up 2.5 per cent) | $80,102 (up 5.1 per cent) | $95,276 (up 3.9 per cent) |
Prices listed above are RRPs excluding Tesla's $1375 delivery fee and $350 ordering fee (previously $150 prior to December 2021), and on-roads costs such as stamp duty, registration, and compulsory third-party insurance. Sources: RJ Pound, Redbook and Tesla. Data compiled by Joshua Dowling and Alex Misoyannis.