{"id":47717,"date":"2023-04-18T23:37:09","date_gmt":"2023-04-19T03:37:09","guid":{"rendered":"https:\/\/autosector.com\/?p=47717"},"modified":"2023-04-18T23:37:09","modified_gmt":"2023-04-19T03:37:09","slug":"tesla-slashes-price-again","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=47717","title":{"rendered":"Tesla slashes price again, with brand new cars now starting under $40,000"},"content":{"rendered":"
\n\t\t\"Tesla<\/p>\n<\/figure>\n

Tesla has implemented another wave of price cuts across its Model 3 and Model Y vehicles. It\u2019s the second time this month, resulting in its electric cars starting under $40,000 before incentives.<\/p>\n

<\/p>\n

After consistently and gradually increasing its electric vehicle prices over the last two years, Tesla has started bringing those prices down in 2023 to keep demand up.<\/p>\n

It started with\u00a0a big price drop in early January<\/a>, and then some smaller price adjustments after with the latest coming in February for\u00a0Model 3 and Model Y<\/a>, and last month for\u00a0Model S and Model X<\/a>.<\/p>\n

We thought Tesla would take a break from reducing prices, but the automaker again slashed prices across its entire lineup<\/a> earlier this month.<\/p>\n

Now just a few weeks later, Tesla is again adjusting prices down on Model 3 and Model Y in the US, and not by a small amount.<\/p>\n

Tesla Model 3 prices<\/h2>\n

The Model 3 Standard Range RWD, Tesla\u2019s cheapest vehicle, went from $41,990 to $39,990.<\/p>\n

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It\u2019s the first time in a long time that Tesla has an electric vehicle starting at less than $40,000 for a brand-new vehicle to order.<\/p>\n

However, it\u2019s important to note that in this case, this is Tesla\u2019s only model to have seen its federal tax credit being reduced from $7,500 to $3,750 following the battery source requirements.<\/p>\n

It appears Tesla is trying to counter the reduced incentive with a direct price cut.<\/p>\n

The Model 3 Performance is staying the same price and Tesla has yet to reopen orders for the Model 3 Long Range in the US.<\/p>\n

Tesla Model Y prices<\/h2>\n

In this new price update tonight, Tesla has greatly reduced Model Y prices across the entire lineup.<\/p>\n

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Each variant saw its price cut by $3,000 overnight:<\/p>\n