The price of the Tesla Model 3 has dropped substantially for the Australian market, in line with upgrades to the electric sedan's interior and exterior design and technology features and claimed electric range figures.
The base Standard Range Plus model is now priced from $66,900 before on-road costs – representing a decrease of $7000 on previous pricing – while its quoted range has received a 30km boost, now extending to 490km on a single charge (according to the NEDC test).
The mid-spec Long Range variant has dropped to $83,425 before on-road costs, a price cut of $6000, while its quoted range has climbed to 657km, up from the previous 620km (an increase of 37km).
Finally, the top-of-the-range Performance variant now costs $92,425 before on-road costs, or $5000 less than before, and offers a claimed range of 628km – marking the largest range increase in the line-up with a boost of 68km.
All prices listed above exclude on-road costs, but include Tesla's mandatory $150 order fee and $1375 delivery fee.
Surprisingly, while prices have decreased, the level of standard equipment on offer has been either upgraded or revised.
For starters, the Model 3 now receives the Model Y's heat pump HVAC system, which improves efficiency even further to maintain the Model 3's claim of being the world's most efficient mass-produced car.
Other major changes include the removal of chrome trim across the range, to be replaced by satin black trim on the exterior, while matte black replaces any gloss black finishes on the interior, with satin black sill plates and graphite seat controls also added.
The Model 3 gains a redesigned centre console with wireless charging pads for two smartphones, an updated storage compartment with a sliding lid and two more USB-C ports for high-powered device charging. These are joined by an additional USB-A port in the glove compartment.
The sun visors on the Model 3 now also feature a magnetic closure, allowing them to snap back into place, while all variants have gained redesigned wheels, which more efficient tyres across the line-up.
The Standard Range Plus variant now scores updated 18-inch Aero wheels, the Long Range variant gets revised 19-inch Sport wheels and the Performance receives new 20-inch 'Uberturbine' wheels wrapped in Pirelli P Zero tyres.
Tesla doesn't release specification or pricing updates in the manner traditional of other manufacturers, with CEO Elon Musk explaining in 2019: "We don't do model years. We just roll in improvements as they come."
These pricing and specification changes are currently live on Tesla Australia's online Model 3 order page.
Tesla Model 3 prices
- Standard Range Plus – $68,425
- Long Range – $83,425
- Performance – $92,425
Prices exclude on-road costs but include order and delivery fees.