Breaking: Tesla reduces Model 3 and Model Y prices in the United States

Tesla’s aggressive sales strategy has been implemented in the US. According to a recent update on Tesla’s official website, the company’s best-selling vehicles – including the Model Y crossover and the Model 3 sedan – have received massive price cuts.

For the Tesla Model 3, the top-tier Model 3 Performance now costs $53,990, down $9,000 from its previous $62,990 price.

On the other hand, the base RWD version of the vehicle now costs $43,990, $3,000 less than its previous cost of $46,990.

The Tesla Model Y Long Range has been reduced in price to $52,990, a $13,000 reduction from its previous price of $65,990.

The Model Y Performance, the top-level version of the vehicle, has been adjusted for $56,990, down $13,000 from its previous price of $69,990.

With these price adjustments, Tesla has ensured that the Model Y Long Range will be eligible for the Inflation Reduction Act’s $7,500 federal tax credit.

Prior to its price reduction, this was not the case, as the vehicle—which happens to be too light to be considered an “SUV” under IRA rules—was priced above the program’s $55,000 cap for “all other” vehicles.

As some members of the Tesla community noticed, the Electric Vehicle maker has also slashed the price of the 4680 Model Y Standard Range AWD.

The vehicle was earlier priced at $63,990 but it has now been adjusted to $50,990. Similar to other Model Y variants, the cut translates to a price drop of $13,000.

With the IRA’s $7,500 federal tax credit, consumers who buy the Tesla Model Y Dual Motor can essentially get an all-electric crossover for $45,490.

Consumers choosing the 4680 Model Y Standard Range AWD will essentially receive the vehicle for just $43,490. This is a pretty incredible deal for the Model Y.

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Information Source: Teslarati


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