Prices have increased for Tesla’s two most affordable electric-vehicle variants in Australia, a month after price cuts of up to $3907.
The price of the cheapest 2023 Tesla Model 3 and Model Y electric vehicles have increased in Australia by $400 – weeks after they were cut by up to $3900.
Tesla’s Australian website shows a $400 price rise applied to entry-level versions of the Model 3 sedan and Model Y SUV – each powered by one electric motor that drives the rear wheels (compared to dearer and more powerful all-wheel-drive models).
The new listings bring the starting prices of these models to $64,300 plus on-road costs for the Tesla Model 3 sedan and $69,300 plus on-road costs for the Tesla Model Y SUV.
The price increases follow significant price cuts in Australia last month of up to $3907 – or up to four per cent – across the Model 3 and Model Y line-ups.
If past price increases for Tesla vehicles in Australia are a guide, existing customers with orders in the queue will be protected from the increases – and the new prices would apply to orders placed from today onwards.
The $400 price increases in Australia follow price rises for the Tesla Model Y in the US a fortnight ago of up to $2000.
The latest shift comes after price cuts of up to 20 per cent in the US and Europe last month.
Most car companies tend to ride the wave of currency fluctuations – and increase or decrease prices as a last resort – but the frequent knee-jerk reactions on Tesla prices appear to show the electric-car specialist is closely following changes in customer demand and exchange rates.
Updated price lists for the 2023 Tesla Model 3 and Model Y are below.
2023 Tesla Model 3 Australian pricing including Luxury Car Tax (where applicable) but excluding on-road costs and order fees
- Model 3 Rear-Wheel Drive – $64,300 (up $400)
- Model 3 Long Range AWD – $76,900
- Model 3 Performance AWD – $91,396
2023 Tesla Model Y Australian pricing including Luxury Car Tax (where applicable) but excluding on-road costs and order fees
- Model Y Rear-Wheel Drive – $69,300 (up $400)
- Model Y Performance AWD – $97,895
Tesla Model 3 price changes in Australia
| Price change months (RRPs exclude on-road costs) | Tesla Model 3 RWD | Tesla Model 3 Long Range AWD | Tesla Model 3 Performance AWD |
| May 2019 (orders open) | $66,000 | Not available | $88,104 |
| July 2019 (launch) | $66,000 | $87,842 (incl. LCT) | $98,624 |
| December 2019 | $67,900 (no change) | $89,469 (incl. LCT) | $99,869 (up 6.4 per cent) |
| July 2020 | $73,900 (up 8.8 per cent) | $91,613 (up 2.4 per cent) | $102,013 (up 2.1 per cent) |
| October 2020 | $66,900 (down 9.5 per cent) | $83,425 (down 8.9 per cent) | $92,425 (down 9.4 per cent) |
| April 2021 | $62,900 (down 6.0 per cent) | $78,458 (down 6.0 per cent) | $94,058 (up 1.8 per cent) |
| July 2021 | $59,900 (down 4.8 per cent) | $73,400 (down 6.4 per cent) | $86,472 (down 9.7 per cent) |
| Early March 2022 | $60,900 (up 1.7 per cent) | $73,200 (down 0.3 per cent, December 2021) | $86,472 (unchanged) |
| 15 March 2022 | $63,900 (up 4.9 per cent) | $76,200 (up 4.1 per cent) | $91,672 (up 6.0 per cent) |
| 17 June 2022 | $65,500 (up 2.5 per cent) | $80,102 (up 5.1 per cent) | $95,276 (up 3.9 per cent) |
| 6 January 2023 | $63,900 (down 2.4 per cent) | $76,900 (down 4.0 per cent) | $91,396 (down 4.1 per cent) |
| 10 February 2023 | $64,300 (up 0.6 per cent) | $76,900 (unchanged) | $91,396 (unchanged) |
Tesla Model Y price changes in Australia
| Price change months (RRPs exclude on-road costs) | Tesla Model Y RWD | Tesla Model Y Performance AWD |
| 10 June 2022 (orders open) | $68,900 | $93,900 (excl. LCT), $98,600 (incl. LCT) |
| 17 June 2022 (one week after launch) | $72,300 (up 4.9 per cent) | $96,700 (excl. LCT), $101,612 (incl. LCT, up 3.0 per cent) |
| 6 January 2023 | $68,900 (down 4.7 per cent) | $94,900 (excl. LCT), $97,895 (incl. LCT, down 3.7 per cent) |
| 10 February 2023 | $69,300 (up 0.6 per cent) | $94,900 (excl. LCT), $97,895 (incl. LCT, unchanged) |
Prices listed above include Luxury Car Tax (where applicable) because it is industry practice to include LCT, however Tesla excludes it from its base price. The RRPs listed above also exclude Tesla’s $1375 delivery fee and $350 ordering fee ($150 prior to December 2021), and exclude on-roads costs such as stamp duty, registration, and compulsory third-party insurance. From 6 January 2023, Tesla’s delivery fee increased to $1400 and the ordering fee increased to $400. Sources: RJ Pound, Redbook and Tesla. Data compiled by Drive.com.au data centre, Joshua Dowling and Alex Misoyannis.
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