2023 Tesla Model 3 and Model Y electric car prices slashed to new lows

Electric car brand Tesla has cut Model 3 and Model Y pricing in Australia, with savings of up to $6395

bb9e0a0d/2023 tesla model y v tesla model 3 5 jpg

The 2023 Tesla Model 3 and 2023 Tesla Model Y electric cars are now more affordable than ever.

Tesla has revised pricing across its lineup from today, July 1, as a revised luxury car tax threshold for fuel-efficient vehicles comes into force for the 2023-24 financial year.

The Federal Government’s luxury car tax (LCT) applies to ‘fuel-efficient vehicles’ (any model with less than 7.0L/100km combined fuel consumption, including EVs) priced beyond $89,332 – a $4416, or 4.9 per cent increase, compared to the last financial year.

The entry-level Model 3 Rear-Wheel Drive is now listed at $57,400 before on-road costs – beating its previous $59,990 low between July 2021 and March 2022.

Meanwhile, the mid-spec Model 3 Long Range AWD is down $3900 to $70,400 plus on-roads, and the Performance AWD range-topper has reduced by $5155 to $83,400 – falling below the LCT threshold.

Both the Model Y Rear-Wheel Drive and Long Range AWD have decreased by $3900, while the flagship Performance AWD is down $6395 to $92,560, including the luxury car tax.

The latest pricing adjustment follows up and down changes for the Model 3 and Model Y in May, with updated pricing listed on Tesla's consumer website.

VFACTS new-car sales data reveals the Model 3 is Australia's best-selling electric car and the highest-selling passenger vehicle.

To the end of May, 10,117 Model 3s were registered in Australia, putting the electric sedan in fifth place behind the Toyota HiLux, Ford Ranger, Isuzu D-Max and Toyota RAV4.

As for the Model Y, it is Australia's best-selling electric SUV, with 8442 registrations year-to-date. It is also the top-selling vehicle in its medium SUV over $60,000 segment.

Tesla Model 3 pricing – July 2023

Prices exclude on-road costs, delivery fees and order fees.

ModelPricingChange (vs. May 2023)
Rear-Wheel Drive$57,400down $3900
Long Range AWD$70,400down $3900
Performance AWD$83,400down $5155

Tesla Model 3 Australian pricing history

Tesla Model Y pricing – July 2023

Prices exclude on-road costs, delivery fees and order fees. Luxury car tax is included where applicable for consistency with other vehicles.

ModelPricingChange (vs. May 2023)
Rear-Wheel Drive$65,400down $3900
Long Range AWD$78,400down $3900
Performance AWD$92,560down $6395

Tesla Model Y Australian pricing history


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