Tesla has cut thousands of dollars from the price of its popular Model 3 and Model Y electric cars as part of savings on examples in stock across the country.
Discounts of up to $4050 have appeared on the Tesla website for new Model 3 and Model Y vehicles in stock, with further savings on a handful of demonstrator examples – and a trade-in bonus of up to $2000.
Buyers must order and take delivery of an eligible vehicle by 31 December 2026.
The Tesla website lists new Model 3 Premium Rear-Wheel Drive sedans with a price reduction of $2750, lowering the cheapest example in stock in New South Wales to $57,030 drive-away.
MORE: Tesla forced to rename Full Self-Driving in Europe
The Model 3 Premium Long Range Rear-Wheel Drive version is offered with a $3100 discount, while the Model 3 Performance is down $4050 for new stock.
Meanwhile, the Model Y Premium Rear-Wheel Drive has been reduced by $2950, with the cheapest example in stock in NSW at the time of writing listed at $61,020 drive-away.
Buyers can access a $3450 saving on new Premium Long Range All-Wheel Drive variants, while the popular Model Y L Premium All-Wheel Drive is available for $3750 less.
There are no discounts available on new Model Y Performance or entry-level Model 3 Rear-Wheel Drive variants.
MORE: 2028 Tesla Roadster revealed as flying, flipping, rocket-powered model
A trade-in bonus is also currently running for new or demonstrator Model 3 or Model Y vehicles; it will act as a discount towards the purchase price, or as post-delivery cashback for purchases fully financed by loan or novated lease.
Buyers of the Model 3 or Model Y Premium and Performance variants can access a $2000 bonus, while the Model 3 Rear-Wheel Drive variant qualifies for a $1000 bonus.
Customers must order and take delivery by 31 December 2026 to be eligible for the trade-in bonus.
Purchases of used vehicles and business customers (including fleet, enterprise, rental and government customers) are not eligible for this offer, and the vehicle traded in must be registered and in a legally drivable condition.
The post Tesla Model Y, Model 3 prices cut for existing stock appeared first on Drive.
