Tesla Model 3 and Model Y: down to €13,500 with €5,000 bonus cashback

There have been rumors of a price cut for the Model 3 and Model Y that were launched in Europe. It takes place on January 13, with prices starting at €44,990 for the Model 3 and €46,990 for the Model Y before a €5,000 bonus.

After another price cut on the Model 3 and Model Y in China in early January, rumors that the price changes will be applied to Europe have intensified. Tesla updated its online configurator on Friday, January 13. Success or failure, you be the judge, but the new prices for the Model 3 and Model Y are here, and they should appeal especially to those targeting Tesla’s entry-level models.

The two rear-wheel drive models are again eligible for a €5,000 bonus if you limit the options, going to €44,990 for the Model 3 and €46,990 for the Model Y respectively. This even allows the Tesla Model 3 to fetch €39,990 (excluding bonus), a €13,500 difference from the price available on January 12.

New 2023 prices for various versions of the Model 3 and Model Y

All versions of the Tesla Model 3 and Tesla Model Y will receive new prices on January 13, 2023. Price cuts are not limited to entry-level models, Long Autonomy and Performance versions are also affected by significant discounts.

For Model 3 Sedan:

Model 3 Old price New price Reducing… discount rate
Movement €53,490 €44,990 – 8500 euros 16%
Great Autonomy €62,490 €52,990 – 9500 euros 15.5%
Performance 66490 € €59,990 – 6500 euros 10%

The price drop is especially noticeable on the entry-level version, which goes down to -13,500 euros with the addition of a bonus discount, or -8,500 euros if you want a model with several options. The Long Autonomy version should not be far behind with a price reduction of about 15.5%. The discount is less on the Performance version, but it still offers a 10% discount, or €6,500 less on its price.

Tesla Model 3 and Model Y // Source: Tesla

For Model Y SUV:

Model Y Old price New price Reducing… discount rate
Movement €49,990 €46,990 – 3000 euros 6%
Great Autonomy €64,990 €53,990 – 11,000 euros 17%
Performance €69,990 €63,990 – 6000 euros 9%

The Model Y engine made a sensational debut at the beginning of the 2022 school year with a particularly low price compared to the rest of the series, which is normal for its price to drop the least in this price update. On the other hand, the €11,000 cheaper Model Y Grande Autonomie is once again quite attractive in terms of quality/price ratio.

Eligibility for maximum bonus found for Model 3 and Model Y

The above prices are quoted without deduction of any environmental bonus. This is again available as standard on the Model 3 and Model Y:

  • Model 3 engine: €39,990 less €5,000 bonus
  • Model Y movement: €41,990 less €5,000 bonus

Model Y cannot be equipped with options to benefit from the bonus. At this price, it will definitely have a white or black model, black interior and standard wheels. Model 3 allows him to add an option for less than €2,000 to stay within the eligibility criteria for the bonus.

From January 1, 2023, no Tesla model can take advantage of the government award to help buy an electric car. Lowering their prices below 47,000 euros, excluding options, rear-wheel drive models can again enjoy the maximum bonus. A push that will be appreciated by some, but will begrudge those who already ordered a Tesla.

A new default color to offer something other than white

Pearly White Multilayer and Solid Black are two free alternatives for the Model 3 and Y. Until now, white was the only standard color for various Tesla models at no extra cost. For the Model 3 and Model Y, Tesla also went with the “solid black” body color as standard.

Priced between €1,600 and €2,000, Midnight Grey, Ultramarine Blue and Multi-Layer Red metallics remain options. The new Quicksilver Gray and Red Midnight Cherry Red colors available on the Model Y Long Range and Performance also retain their prices without the price reduction.

Order books to fill

Tesla has accustomed us to frequent significant changes in its prices, both up and down. The new rates on January 13, 2023 are a perfect example. They also reflect the state of the brand’s order books as it struggles to sell all of its production capacity.

While it took almost a year to go back a few months in 2022, the deadlines are currently much shorter, less than 2 months to get the Model 3.

How long will these new rates last? It is impossible to attempt to answer this question. We can imagine that once the brand fills its order books again, prices may start to rise again. If you are interested in these models at these prices, don’t delay.

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