Tesla, the electric vehicle pioneer, is making waves again in the automotive market. While they’ve already introduced the Model 3 refresh in various international markets, the company seems to be strategically lowering prices on their inventory Model 3 units in the United States, signaling a likely impending North American release.
As of the time of writing this article, prospective buyers can find inventory versions of the current generation of rear-wheel-drive (RWD) Model 3 units for as low as $36,220 (before incentives) in sunny Florida.
Forbes reported earlier this week that the entry-level sedan was available for as low as $36,620 in the bustling streets of Los Angeles, with similar price reductions seen in New York, Washington, and several other states. In states like Colorado, inventory prices have descended to an enticing $37,020.
But the deal doesn’t stop there. All inventory Model 3 units are eligible for the coveted $7,500 federal tax incentive. And if you’re lucky enough to reside in a state like California, you might also enjoy additional state-level tax credits, not to mention possible bonuses from county programs. All in all, some fortunate buyers have managed to slash an additional $15,000 or so off the already reduced price tag.
Now, let’s talk about the eagerly awaited Model 3 refresh, affectionately referred to as the “Highland” during its development phase. While this updated version is already available for order in countries like Australia, China, Japan, and many parts of Europe, Tesla has yet to officially unveil it in the United States or Canada. Although the exact release date remains a subject of speculation, most industry experts anticipate its availability by early 2024.
In regions where the refreshed Model 3 is currently on sale, Tesla offers two enticing trims. The budget-friendly option is the RWD Model 3 Highland, priced at 42,990 euros in Germany (approximately $46,109) and RMB 259,900 in China (about $35,749), according to the respective order configurators. For those seeking an upgrade, there’s the all-wheel-drive (AWD) dual-motor Model 3 refresh, which can be yours for 51,990 euros in Germany (roughly $55,762) and RMB 295,900 in China (around $40,701).
As we eagerly await the Model 3’s arrival, it’s worth noting that production is currently in full swing at Tesla’s Gigafactory in Shanghai, China. The first wave of deliveries is expected between October and November in Germany, with other markets slated to receive their new Model 3 units in December and beyond.
While prices for the refreshed Model 3 in North America remain a well-kept secret, documents dating back to May suggest that Tesla’s Fremont plant may already be gearing up to produce this exciting new vehicle.