Tesla Model 3, Model Y cheaper than ever, prices from $54,900 plus on-road costs

AutoExec Summary
Tesla has recently reduced the prices of its Model 3 and Model Y, making them more affordable than ever. The entry-level Model 3 Rear-Wheel Drive now starts at $54,900 plus on-road costs, which is a $4000 reduction from the previous price. The Model 3 Long Range and Model 3 Performance have also seen price cuts of $3000 and remain unchanged at $67,900 and $80,900 respectively. The Model Y SUV is now available for $55,900 plus on-road costs, which is a $5000 reduction from the previous price. These price cuts put pressure on competitors and come as Tesla’s market share in Australia has been slipping. CEO Elon Musk has defended the price cuts, stating they are necessary to match production with demand.

Brands mentioned: Toyota, Subaru, Ford, Hyundai, Kia