Tesla Australia cuts its prices to new lows

Tesla Australia has cut pricing across its EV range – making the Model 3 sedan and Model Y potentially cheaper than they’ve ever been.

Today’s $3900 base price cuts bring the Model 3 RWD sedan down to $57,400 before on-road costs, while the Model Y RWD SUV now retails for $65,400 before on-roads.

This brings the Model Y below the price threshold for rebates in NSW ($3500 and stamp duty exemption), Queensland ($6000), Western Australia ($3500) and South Australia ($3500) for the first time, joining the Model 3.

Victoria recently axed its $3000 rebate so no luck there, we’re afraid.

2023 Tesla pricing updates:

Model 3:

• RWD: $57,400 (down $3900)
• Long Range: $70,400 (down $3900)
• Performance: $83,400 (down $4615)

Model Y:

• RWD: $65,400 (down $3900)
• Long Range: $78,400 (down $3900)
• Performance: $91,400 (down $7015)

All prices are before on-road costs and incentives.

So how cheap can you now get a base Tesla? Let’s take a look using the company’s own pricing calculator, adding up the list price as well as delivery fees, registration and State taxes, and applying any available tax breaks and incentives.

Be sure to double-check your specific circumstances because there are restrictions based on gross income in some cases, and limits on the number of cars you can buy.

Queensland

Model 3 RWD:

• List price: $57,400
• Drive-away price: $61,128
• After rebate: $55,128 drive-away

Model Y RWD:

• List price: $65,400
• Drive-away price: $69,288
• After rebate: $63,288 drive-away

New South Wales

Model 3 RWD:

• List price: $57,400
• Drive-away price: $60,301
• After rebate: $57,301 drive-away

Model Y RWD:

• List price: $65,400
• Drive-away price: $68,301
• After rebate: $65,301 drive-away

South Australia

Model 3 RWD:

• List price: $57,400
• Drive-away price: $62,400
• After rebate: $59,400 drive-away

Model Y RWD:

• List price: $65,400
• Drive-away price: $70,270
• After rebate: $67,270 drive-away

ACT

Model 3 RWD:

• List price: $57,400
• Final price: $59,820 drive-away

Model Y RWD:

• List price: $65,400
• Final price: $67,820 drive-away

Western Australia

Model 3 RWD:

• List price: $57,400
• Drive-away price: $64,064
• After rebate: $60,564 drive-away

Model Y RWD:

• List price: $65,400
• Drive-away price: 72,609
• After rebate: $69,109 drive-away

Northern Territory

Model 3 RWD:

• List price: $57,400
• Final price: $61,725 drive-away

Model Y RWD:

• List price: $65,400
• Final price: $69,965 drive-away

Tasmania

Model 3 RWD:

• List price: $57,400
• Final price: $62,171 drive-away

Model Y RWD:

• List price: $65,400
• Final price: $70,491 drive-away

Victoria

Model 3 RWD:

• List price: $57,400
• Final price: $62,699 drive-away

Model Y RWD:

• List price: $65,400
• Final price: $71,035 drive-away

The latest price sharpening from Tesla is bound to push EV sales even higher than their current record position – market share of 7.0 per cent this year – given Tesla is far and away the dominant player in the market.

Remarkably, the Tesla Model 3 is Australia’s biggest-selling passenger car this year (10,117 to the end of March) while the Model Y was the market’s overall top-selling SUV in May.

Tell us, is the new price point enough to make you consider the switch?