Across the board, many models have seen price drops of between $1,000 and $2,000, making the Model 3 and Model Y starting to look like extremely good deals, especially when you factor in the $7,500 EV tax credit that many of the trims enjoy. Someone may need to check in on other EV automakers because, with the way Tesla is cutting prices right now, everyone must be banging their heads against the wall.
Starting with the Model 3, the vehicle now sees its base price drop from $42,990 to $41,990. The Model 3 Performance also sees a drop in price from $53,990 to $52,990. Due to the base Model 3 using lithium-iron-phosphate batteries partially sourced from China, it does not wholly qualify for the EV tax credit with owners only able to claim a $3,750 deduction. Still, this means you can get into one for $38,240 before destination fees.
The Model Y then sees even greater price drops and the introduction of the standard range Model Y on the configurator brings the base price of the car to just $49,990. The long-range model then sees a decrease of $2,000 to $52,990 and the Performance also drops $2,000 to $56,990. All Model Y trims qualify for the $7,500 EV tax credit, meaning a starting price of just $42,490 before destination fees.
The Model S again joins the price drop party with one of the largest price drops of the batch; the Model S now starts at $84,990 with a drop of $5,000. The Model S Plaid now costs what the regular Model S cost last year, starting at $104,990. Last year the model started at $129,990.
Finally, the Model X also enjoys a $5,000 price drop to $94,990. The Model X Plaid also receives the same drop, now starting at $104,990 just like the Model S Plaid. The Plaid has enjoyed a massive price drop since the year started, with the car costing $138,990 last year.
While these price cuts are exciting news for those considering a Tesla purchase, they will likely be disappointing to those who purchased a Tesla at a higher price point last year.
Source: Carbuzz