In an effort to clear existing inventory ahead of the impending launch of the heavily revamped Model 3, Tesla has implemented substantial discounts on its new inventory of Model 3 and Model Y vehicles. Prospective buyers can now avail themselves of attractive offers, with the Model 3’s purchase price reaching an all-time low for eligible customers.
With discounts ranging from several hundred dollars to over $5,000, the popular Model 3 can now be acquired with zero miles on the odometer for as little as $37,940. Notably, the Model 3 discounts are most significant for eligible buyers who qualify for the full $7,500 federal tax credit, resulting in a purchase price as low as $30,440, excluding delivery and order fees. This marks a historic low for the Model 3, a testament to the impact of the new tax credit regulations introduced last year.
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While the discounts on the Model Y are slightly less significant, reaching up to $2,770, they primarily apply to the Performance variants. This move by Tesla is seen as an effort to sell existing Model Y inventory before a potential update for the vehicle, which shares several similarities with the Model 3.
Reports suggest that Tesla is gearing up for a substantial refresh of the Model 3, which has been on the market for six years. The rumored update was initially leaked back in April and was later corroborated by a trusted source affiliated with the company. It is expected that the revised Model 3 will be officially unveiled in Q3 2023, with production commencing shortly after, though potential delays typical of Tesla’s production timelines could occur.
As Tesla takes proactive measures to make way for the new iteration, customers can now benefit from unprecedented savings on the Model 3. With the ongoing popularity of the electric vehicle market, these discounts are likely to attract a surge in demand from both existing and new Tesla enthusiasts.
