3 Photos 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. 3 Photos 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