Tesla reduces Model 3 and Model Y prices, now starts under $37,000
- by Electrek
- Feb 17, 2021
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Tesla has updated its pricing across the Model 3 and Model Y lineup, including price cuts for both base models.
The new cheapest Tesla vehicle now starts just under $37,000.
Tesla Model 3 Prices
With the price update today, Tesla has now reduced the price of the Model 3 Standard Range Plus to $36,990 – a new low.
Here are the price differences for all 3 trims of the Model 3:
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Tesla Model 3 Standard Range Plus – now: $36,990 – was: $37,990
Tesla Model 3 Long Range (AWD) – now: $46,990 – was: $46,990
Tesla Model 3 Performance (AWD) – now: $55,990 – was: $54,990
As you can see, Tesla didn’t change the price of the Model 3 Long Range, which now has a $10,000 difference with the base version, but it does come with a bigger battery pack and an extra motor.
The Model 3 Performance has actually received a price increase.
The updated pricing comes following changes that the automaker introduced as part of the Model 3 refresh late last year.
Tesla Model Y Prices
Along with the changes to the Model 3 prices, Tesla has also updated prices in the Model Y lineup.
Most notably, Tesla has reduced the price of the Model Y Standard Range by $2,000 to now $39,990.
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