Tesla announces, through an update in its configurator, price drops for both Model 3 and Model Y, in its three variants: rear-wheel drive, all-wheel drive and performance. It responds to an aggressive sales strategy that the company is adopting in different regions, but, according to the company, also to the “normalization in the inflation of some costs”. Thus allowing it to be transferred to the client.
Tesla also attributes this drop in prices to the increase in local vehicle production, simplifying logistics and, in certain cases, avoiding import duties between continents. They refer, especially, to local production in the new Gigafactory in Berlin of the ModelY of great autonomy and Performance.
In addition, Tesla has explained that the increase in the economy of scale is another additional reason that contributes to this reduction in the final price of the vehicle. That is why the decrease is also reflected in the model 3 Y ModelY rear-wheel drive that are sold in Europe, but are manufactured in the Gigafactory in Shanghai.
The new prices of the Tesla Model Y and Model 3 in Spain
The move means significant price reduction on rear-wheel drive (base) versions of both models. The Tesla Model Y modifies its price from €51,200 to €44,990, and the Tesla Model 3 from €51,990 to €44,990.
But, without a doubt, where there is more impact, is in the descent of the Model Y with great autonomy, which goes from €65,990 to €57,990. The Tesla Model 3 with great autonomy goes from €57,990 to €53,190, that is, this large price increase practically falls, of almost €12,000 that we saw during the first quarter of 2022 and that, at the time, left it out of the MOVES III plan. Now that model returns to prices that we saw in 2021.
Lastly, the Model Y Performance has a reduction of €10,000, from €70,000 to €59,990. Meanwhile he Model 3 Performance only experience a price reduction of €1,000.
The new prices, for all models, are as follows:
Vehicle | rear wheel drive | Great autonomy | performance |
---|---|---|---|
ModelY | €44,990 | €52,190 | €59,990 |
model 3 | €44,990 | €53,190 | €63,990 |
both to model 3 As the ModelY rear-wheel drive and standard autonomy, if the total discount of the MOVES III plan applies, they remain in €37,990. Going back to those attractive prices that Tesla vehicles had in 2021.
Also the company announces that there is a new color at no additional cost for the Model 3 and Model Y. In addition to the multi-coated pearl white, it is now possible to choose solid black without increasing the price of the vehicle.
In this way, Tesla reflects in Europe some of the discounts that we have seen lately in the Model 3 and Model Y in Asia. For example, in China, the company has lowered the price of its vehicles by up to $7,000 equivalent.