New price cuts for 2023 Tesla Model 3 and Model Y electric cars in Australia
Tesla has slashed prices for the Model 3 – the third best-selling vehicle in Australia in February – while the Model Y has received modest price adjustments.
Prices have been cut for the 2023 Tesla Model 3 and its taller sibling, the 2023 Tesla Model Y, weeks after they were last increased – and a few months after a similar round of price reductions.
Tesla has reduced the price of the Model 3 by $3400 for the entry-level rear-wheel-drive and Long Range variants – a reduction of five and four per cent respectively.
The electric vehicle now starts from $60,900 before on-road costs, while the Model 3 Long Range is priced from $73,900 before on-road costs.
The range-topping Model 3 Performance has received the greatest cut, with $4420 taken off the price tag (including Luxury Car Tax), available to order now for $86,900 before on-road costs – a reduction of almost 5.5 per cent.
It's believed this marks the 14th price change since orders for the Model 3 opened in early 2019.
For those needing more space, the Model Y gets a $400 saving – priced from $68,900 before on-roads, while the Performance grade now costs $94,900 before on-roads.
The price changes appeared on Tesla's Australia website at the same time as the introduction of the Model Y Long Range, priced from $81,900 before on-road costs.
The 2022-23 federal Luxury Car Tax attracts a rate of 33 per cent above the threshold of $84,916 for fuel-efficient vehicles, such as battery-powered Tesla vehicles.
Only the Tesla Model Y Long Range optioned in white with 19-inch alloy wheels stays under the LCT, with any other options tipping it over the threshold.
While customers with orders in the pipeline were shielded from price increases in the past, it is believed the latest price cuts will be granted to buyers currently waiting in the queue.
Tesla appears to be one of the only car companies constantly adjusting its prices based on customer demand, inflation, exchange rates, and other economic inputs, with most car-makers instead riding the ebbs and flows.
2023 Tesla Model 3 Australian pricing including Luxury Car Tax (where applicable) but excluding on-road costs and order fees
- Model 3 Rear-Wheel Drive – $60,900 (down $3400)
- Model 3 Long Range AWD – $73,900 (down $3400)
- Model 3 Performance AWD – $87,495 (down $4420 including LCT)
2023 Tesla Model Y Australian pricing including Luxury Car Tax (where applicable) but excluding on-road costs and order fees
- Model Y Rear-Wheel Drive – $68,900 (down $400)
- Model Y Long Range AWD – $81,900 (new)
- Model Y Performance AWD – $97,895 (down $520 including LCT)
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) |
| 6 January 2023 | $63,900 (down 2.4 per cent) | $76,900 (down 4.0 per cent) | $91,395 (down 4.1 per cent; $89,900 excl. LCT) |
| 10 February 2023 | $64,300 (up 0.6 per cent) | $76,900 (unchanged) | $91,395 (unchanged) |
| 17 February 2023 | $64,300 (unchanged) | $77,300 (up 0.5 per cent) | $91,915 (up 0.5 per cent; or $90,300 excl. LCT) |
| 4 April 2023 | $60,900 (down 5.3 per cent) | $73,900 (down 4.4 per cent) | $87,495 (down 5.5 per cent including LCT; or $86,900 excl. LCT) |
Tesla Model Y price changes in Australia
| Price change months (RRPs exclude on-road costs) | Tesla Model Y RWD | Tesla Model Y Long Range AWD | Tesla Model Y Performance AWD |
| 10 June 2022 (orders open) | $68,900 | N/A | $93,900 (excl. LCT), $98,600 (incl. LCT) |
| 17 June 2022 (one week after launch) | $72,300 (up 4.9 per cent) | N/A | $96,700 (excl. LCT), $101,612 (incl. LCT, up 3.0 per cent) |
| 6 January 2023 | $68,900 (down 4.7 per cent) | N/A | $94,900 (excl. LCT), $97,895 (incl. LCT, down 3.7 per cent) |
| 10 February 2023 | $69,300 (up 0.6 per cent) | N/A | $94,900 (excl. LCT), $97,895 (incl. LCT, unchanged) |
| 17 February 2023 | $69,300 (unchanged) | N/A | $95,300 (excl. LCT), $98,415 (incl. LCT, up 0.5 per cent) |
| 4 April 2023 | $68,900 (down 0.6 per cent) | $81,900 (new) | $94,900 (excl. LCT), $97,895 (incl. LCT, down 0.5 per cent) |
Prices listed above include Luxury Car Tax (where applicable) because it is industry practice to include LCT, however Tesla excludes it from its base prices. The RRPs listed above also exclude Tesla's $1375 delivery fee and $350 ordering fee ($150 prior to December 2021), and exclude on-roads costs such as stamp duty, registration, and compulsory third-party insurance. From 6 January 2023, Tesla's delivery fee increased to $1400 and the ordering fee increased to $400. Sources: RJ Pound, Redbook and Tesla. Data compiled by Drive.com.au data centre, Joshua Dowling and Alex Misoyannis.
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