Tesla has swiftly increased the price of its Model 3 Performance by $1,000 just days after its official launch, according to updates on the company’s order configurator. The Model 3 Performance, now priced at $53,990 in the U.S., originally debuted at $52,990. However, it remains the only configuration of the sedan eligible for the $7,500 federal tax credit.
In Canada, the price of the Model 3 Performance has not changed, holding steady at the launch price of CAD $69,990.
Even with the tax credit factored in, the base-level Model 3 Performance is priced lower than the ineligible Long Range configuration ($47,740), coming down to $46,490. Yet, certain package options can push the Model 3 Performance’s price above the $55,000 limit for the federal tax credit, rendering it ineligible for the $7,500 deduction. For instance, adding the $2,000 Ultra Red paint upgrade would bring the Model 3’s price to $55,990, exceeding the eligibility threshold.
Some states offer additional electric vehicle (EV) credits, providing further savings. For example, California and Colorado offer new EV buyers $7,500 and $5,000, respectively. These local rebates can be stacked with the federal incentive to reduce the sticker price of select EVs even more.
The Model 3 Performance debuted not only in the U.S. and Canada but also in several international markets, including various European countries, China, Australia, New Zealand, and Southeast Asian nations. This configuration has been highly anticipated since the launch of the first two variants of the upgraded Model 3 in Europe and Asia last year, followed by its U.S. debut earlier this year.
The Model 3 Performance had been spotted multiple times undergoing testing on public roads and was showcased at an event in California earlier this month. Chief Designer Franz von Holzhausen had confirmed the variant’s upcoming release in a statement in January, though Tesla did not officially announce the trim option until its launch this week.
