Tesla raises prices again: Another $3k hike for Model 3 as wait times grow
Tesla has raised prices again, with the popular Model 3 now starting at $63,900 before on-road costs.
The latest price hike follow a similar increase earlier in March, which saw the Model 3 jump by just over 1.5 per cent to $60,900. This latest hike means the Model 3 has gone from $59,900 to $63,900 in less than four weeks.
According to the Tesla website, the Model 3 Rear-Wheel Drive – formerly the Model 3 Standard Range Plus – now lists at $63,900, plus on-road costs. Drive-away in NSW, the Model 3 is now $69,079, including Tesla’s delivery fee of $1375, and order fee of $350.
That number puts it close to not qualifying for $3000 electric car rebates available in NSW, Victoria and South Australia – all of which have caps below $69,000. In fact, it’s only the stamp duty exemptions that ensure it still qualifies.
UPDATE: Tesla Model Y Australia: Everything we know ahead of the electric SUV’s launch
READ MORE: Tesla Model 3 price rise, longer wait times ahead of Model Y arrival
READ MORE: Tesla Model 3 updated for November 2021: longer range but slower 0-100km/h time
FULL REVIEW: Tesla Model 3
READ MORE: Everything you need to know about the most affordable Tesla Model 3
WANT TO SAVE MONEY ON AN EV? Complete guide to rebates, discounts and incentives when buying an electric car
This is the third price increase for the entry-level Model 3 just over three months – following a $200 price increase introduced late last year.
It’s not just the entry-level Model 3 that is impacted. Prices for the Model 3 Long Range and Model 3 Performance have also increased, from $73,200 and $84,900 respectively before on-road costs to $76,200 and $88,900 – increases of $3k and $4k.
Despite the increases, the Model 3 is actually cheaper today than it went on sale in Australia in August 2019 with a list price of $66,000 before on-road and dealer costs.
