TESLA MODEL 3 PERFORMANCE'S $1,000 PRICE JUMP SUGGESTS STRONG DEMAND

The first examples of the 510 horsepower electric sport sedan are expected to arrive this June.

Just a few days after introducing the new range-topping, 510 horsepower Tesla Model 3 Performance, Tesla has already increased its price by $1,000.

The model initially debuted with an MSRP of $52,990, but now, the new price is $53,990—plus $1,640 in obligatory fees.

Let's just note that a quick adjustment of pricing is not a first for Tesla. We can't be 100% certain, but an increase suggests a positive demand response compared to what the company initially expected. Some observers on social media have noted that Tesla simultaneously lowered the price of some options, like the white interior and the black paint, which are down $500.

The estimated delivery time for new orders of the Performance version is June 2024, so 1-2 months of waiting. In the case of other Model 3 versions, the time is shorter—Apr–May for the RWD version and May–Jun for Long Range AWD. For reference, all Tesla Model Y versions have the same April-May estimated delivery window.

Below we have listed all Tesla Model 3 prices and Model Y prices so the two can be compared.

Prices

* Tesla adds a Destination fee (DST) of $1,390 and an Order Fee of $250 to all its models ($1,640 total).

** The $7,500 federal tax credit might be available through leasing to all models and versions.

An important thing to note is that only the Performance version of the Model 3 qualifies for the $7,500 federal tax credit. The RWD and LR AWD versions do not qualify because their imported batteries do not meet IRA's battery requirements—at least as far as we know.

This factor creates an anomaly in effective pricing when purchasing because the Performance version is less expensive than the Long Range AWD version.

However, all potential customers should be aware that the $7,500 incentive might be included in leasing, which does not include strict battery content requirements. This is probably why the Tesla Model 3 custom order website by default starts with leasing, showing a real cost difference between the three versions.

Now, leasing a Tesla Model 3 with $2,999 down for 36 months and 10,000 miles a year will run you:

• RWD: $299/mo
• Long Range AWD: $439/mo
• Performance LR AWD: $566/mo

It seems a better approach to lease the RWD and Long Range AWD rather than purchase them due to the incentive specific.

If you wonder how the various Model 3 and Model Y versions compare in terms of range and acceleration, below we added a table:

Basic specs

* EPA Combined range according to Tesla

See also

• The Tesla Model Y Is Now Cheaper Than Ever
• All Rivians Under The $80,000 Price Cap Qualify For $3,750 Federal Tax Credit

2024-04-29T13:00:06Z dg43tfdfdgfd