Electric Vehicles

Tesla drops price of Model 3 by up to $4,000 in Australia

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The Driven

Tesla has dropped the price of all variants of the Model 3 by up to 6% in Australia in an update to its website on Friday.

The Model 3 Standard Range Plus has dropped by $4,000 to $62,900, and the Long Range variant has also dropped by $4,000 down to $77,900. The Performance variant now costs $89,900, a more modest drop of $1,000.

The price drops come 6 months after a $6,000 drop for both the SR+ and LR variants, and a $5,000 drop for the Performance, a reversal of a foreign-excange driven price hike earlier in 2020 that saw the SR+ peak at $73,900.

The latest price drop means the SR+ variant is now 13.5% cheaper than 12 months ago. It also undercuts the second hand Model 3 offerings, many of which are priced at around $68,000.

But one customer, who placed an online order for a new Model 3 SR+ just a few days ago, told The Driven that he had been informed that he will be invoiced the new lower price.

To read the full story, please go to our EV-focused sister site, The Driven, and click here.

Bridie Schmidt is lead reporter for The Driven, sister site of Renew Economy. She specialises in writing about new technology, and has a keen interest in the role that zero emissions transport has to play in sustainability.

Bridie Schmidt

Bridie Schmidt is lead reporter for The Driven, sister site of Renew Economy. She specialises in writing about new technology, and has a keen interest in the role that zero emissions transport has to play in sustainability.

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