After a hectic 2022, Tesla kicks off 2023 big discounts to increase sales. Prices for the Model 3 and Model Y are below list prices before the first big increases nearly a year ago.
A Tesla at -31%?
In the US as in Europe, Tesla lowers its prices 17 to 31%. The price of the Model Y has fallen by 17% in Germany and by 20% in the US. In 2022, Elon Musk’s goal of increasing Tesla deliveries by 50% during 2021 was missed, but narrowly missed. The manufacturer had to deliver 1.4 million vehicles and sold only 1.31 million Which isn’t so bad though.
By 2023, Tesla will operate its first vehicle assembly plant in California, Fremont, Austin, Texas, its first overseas plant in Shanghai, and a newer one in Gruenheide, Germany. The production capacity of the company should be much higher thanks to to these 4 factories. Everything will therefore depend on consumer demand.
In Germany, a Tesla spokesperson explained that at the end of this turbulent year of supply chain disruptions, “ we have achieved a partial normalization of cost inflation, which gives us the confidence to pass this relief on to our customers “. Price cuts place Model 3 and Model Y prices at levels below 2021. If you are planning to buy a Tesla, now is definitely the right time.
According to researcher Troy Teslike, a specialist in electric vehicles, the price of the Model Y drops by $13,000 before tax credits and $20,500 with help from the government. This represents a reduction of 31%. It’s starting to get interesting. Perhaps a sign that electric cars will become increasingly affordable, depending on where they are made and where the batteries are assembled.
Wow, Tesla just announced massive price cuts in the US across the board. The Model Y LR is now $13,000 cheaper before the tax credit and $20,500 cheaper including the tax credit.
If you’re wondering if this affects my Q1 delivery estimate, well, yes, it does. pic.twitter.com/2OkKQ8XoZh
—Troy Teslike (@TroyTeslike) 13 January 2023
In Europe, Tesla also cut prices for its Model 3 and Model Y cars in Austria, France, Germany, the Netherlands, Norway, Switzerland and the United Kingdom. Tesla’s Model 3 was Germany’s best-selling electric car in December 2022, followed by the Model Y. The company even beat Volkswagen and its most popular electric vehicle, the ID.4. At this price, Tesla’s Model 3 is comparable to Volkswagen’s entry-level electric car, the ID.3.