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Tesla Updates Pricing for Model 3, Model Y

Tesla has lowered the price on the Model 3 and Model Y Standard Range versions.

The Standard Model 3 price was cut by $1,000, now $36,990. The Model Y received a $2,000 price cut, now $39,990. The Standard Range Model 3 and Y have ranges of 263 miles and 244 miles respectively.

Unfortunately, the price increased on the Performance versions. Both the Model 3 and Model Y performance received a $1,000 price increase. The Performance Model 3 now starts at $55,990. The Performance Model Y starts at $59,990.

With production only gaining velocity in the U.S. and China, Tesla is looking to increase deliveries. With four vehicles available in the market, Tesla delivered 499,550 vehicles during 2020.