With rumors of the “Highland” Model 3 design refresh swirling and the company’s fiscal Q2 about to close, Tesla is now offering a large cash incentive to Model 3 buyers. Model 3s in inventory at local Tesla stores in the United States have dropped to a new low of $37,830 for the Long Range RWD trim ($2,410 below the cost of a custom order). Tesla also recently announced that all versions of Model 3 and Model Y cars sold in the United States qualify for the full $7,500 federal tax credit. This brings the net cost of a Tesla Model 3 Long Range Rear Wheel Drive electric car for most US buyers down to just over $30,000 before taxes and destination fees. If you can find a demo or loaner car in your local store with a few miles on the odometer, you can save even more. Loaner and demo cars still count as “new” as far as car warranty and tax credits apply.
Check out which Tesla Model 3s are currently available near you:
The Model 3 Performance version is seeing an even bigger discount for in-stock inventory models. Current buyers can find the long range AWD Model 3 Performance in local Tesla stores for $50,050. This represents a savings of $3,190 off the cost of a custom ordered car ($53,240). The Model 3 Performance Dual Motor All-Wheel Drive offers exceptional handling, grin-inducing acceleration, sleek styling and segment-leading range (311 miles on a single charge). Four and a half years and about 46,000 miles into ownership, I am still loving mine.
The Tesla Model Y SUV is seeing a much smaller inventory discount ($490 on the base AWD model, $570 on the performance model). The Model Y price has been lowered several times since last year, and also qualifies for the full $7,500 tax credit in the United States. The Model Y broke new ground in 2023 as the top selling car model in the world for the first three months of the year. This is the first time an electric vehicle has secured the top spot for a full quarter. The Model Y is on track to be one of the top-selling vehicles of 2023, just as it was in 2022.
Tesla Offers $1,000 Cash Discount, 3 Months Free FSD on Model S, Model X (Until June 30, 2023)
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