Tesla Rumored To Give Big Price Cut To Model 3 and Model Y
Could a price cut be coming to the Tesla Model Y and Model 3?
Tesla’s been in the hot seat lately, possibly because of its founders’ actions on social media, but more pressingly so, the Model 3 and Model Y have experienced reduced demand in China. China, one of the brand’s biggest markets has had several price cuts on the Model 3 and Model Y, leading some to ask “will North America get a price cut?” According to a source at Electrek, the answer is “maybe.”
According to a source that’s reported to Eletrek, the Model 3 and Model Y are about to get a $3,750 price adjustment for cars delivered in December. There’s some speculation that the brand wants to incentivize customers holding off waiting for the new tax credit rules to take effect. Tesla would rather them buy the car today, rather than wait until January 1.
If true, a base Model 3 single motor, standard range would clock in at $43,240. A base Model Y would be $62,240.
In China, Tesla has faced increasing competition, as the homegrown China-domestic market brands have gained the ability to create well-made EVs. The Model 3 and Model Y have stiff competition from brands like Nio, Polestar, Neta, Leapmotor, and many, many others. Similarly, the Model Y and Model 3 aren’t alone in North America, GM, Ford, Honda and more have EVs in the wings, and soon, the Model 3 and Model Y may not be as competitive as they once were.
At least, not as competitive, without a price cut.
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Kevin has been obsessed with cars ever since he could talk. He even learned to read partially by learning and reading the makes and models on the back of cars, only fueling his obsession. Today, he is an automotive journalist and member of the Automotive Press Association. He is well-versed in electrification, hybrid cars, and vehicle maintenance.
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Duke , I agree with your Premise but unfortunately none of the mfgs are going away from a touch screen. They call that "technology" when the old ways worked just fine and you didn't need to be "entertained" while driving. It doesn't help whae all the Automotive so called Journalists just go gaga over a 15" touch screen like it is the fourth of July!. They only brought back a Radio Volume dial when all the Car magazine writers complained loud enough in their reviews that a slider control was just too finicky. So Duke, the question is what did/will you do since they won't fix it? The solution for you would be to get a heated Steering wheel then no need for gloves. but yes I am guessing you do not want the higher trim level that adds a $95 heated steering whell for like $2000, but you then get a 20" touch screen with that.
If you were waiting to buy at $46k but are expecting a rebate in 2023 of $3750 Then I actully smell a price increase for the Model 3, to 49,999 why wouldn't it go up since new buyers in 2023 will get a 3750 rebate