Tesla has reduced the prices of some of its Model Y and Model 3 vehicles that are available for immediate delivery. The price cuts could be an attractive option for some buyers who are looking for a new electric car and want delivery asap.
According to the Tesla website, some Model Y and Model 3 inventory units have seen their prices drop by $1,000 to $2,000. For example, a Model Y Long Range with a white exterior and a black interior in Fremont, California, is now listed for $53,990, down from $55,990. A Model 3 Standard Range Plus with a blue exterior and a white interior in Las Vegas, Nevada, is now listed for $39,710, down from $42,240.
The price reductions could be due to several factors, such as the end of the quarter, the availability of federal tax credits, or the upcoming introduction of refresh models. Tesla typically tries to boost its deliveries and sales in the last month of each quarter to meet its targets and improve its financial results. Also, it was recently confirmed that all new Model 3s qualify for the $7500 Tax credit as of now.
BREAKING: @Tesla says ALL new Model 3 vehicles in the US now qualify for the full $7,500 EV tax credit, meaning the Model 3 now starts at $32,740 (with incentives). In some states, you can get it for under $30k.— Sawyer Merritt (@SawyerMerritt) June 2, 2023
Before, the RWD and Long Range versions only qualified for $3,750. pic.twitter.com/6K3aW60vse
Tesla doesn’t comment on its pricing strategy, but it is known for adjusting its prices frequently based on market conditions much like every other car manufacturer. The difference with Tesla is that they are transparent with it because they sell directly to consumers. If you’re interested in getting a second Tesla at the best price, you might want to act quickly!