Elon Musk Tweets First Guideline to Tesla Model 3 Pricing In Australia

Tesla’s position as a premium product looks set to tumble, with CEO Elon Musk giving the first hint of what Australian consumers can expect to pay when the new, more accessible Model 3 medium-sized EV arrives locally.

Compared with the upmarket Model S, the Model 3 looks set to undercut its bigger brother by more than $70,000 if a tweet from Musk predicting the price of the new model holds true.

In reply to a tweet from Australian-based Nicholas Orford who asked about how much the upcoming entry-level Model 3 will cost, Musk suggested that the Model 3 would match the US pricing for the BMW 3 Series-sized EV, plus local import duties and taxes.

$US price in $AUD plus import duties and sales tax

— Elon Musk (@elonmusk) July 25, 2017

By TMR's calculations that should see the entry-level Model 3, which has a US$35,000 starting price, equate to just under $50,250 in Australia. However, Tesla Australia may elect to specify local vehicles differently, and is yet to confirm details of Australian-bound cars, which means the US entry-level model may not be offered locally.

After a protracted lead-up the first production example of the Model 3 was handed over to to its owner as part of an unveiling ceremony in California last weekend.

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