Tesla (TSLA) lowers Model 3 & Y prices in the United States

The Model Y and Model 3 have seen a reduction in the cost of the Standard, Performance, and Long Range versions.


Tesla has slashed prices of several of its vehicles in the United States. With the tax credits applied, the price reductions mean that a Model Y Long Range AWD is roughly $20,000 USD cheaper than it was before.

Sawyer Merritt noted on Twitter on January 12, 2023 that Tesla has reduced the prices of its vehicles in the United States of America. Some of these reductions in price are as large as almost 20 percent, with the Model Y Long Range price being discounted from $65,990 to $52,990 USD.

Merritt points out that these reductions in price now enables all Long Range Model Y’s to be eligible for the electric vehicle tax credit. Twitter user Troy Teslike provided a helpful table that showcases the two vehicles and their two versions with the price change and tax credits applied.

A table showing a price comparison of the Model 3 and Y

Source: Troy Teslike

Consumers that have been waiting to purchase a Tesla might find that it is now a good time to get on board the electric vehicle train. With all the necessary tax credits applied, the cheapest option looks to be the Model 3, coming in at $36,490 USD.

It’s been an interesting start to the year for Tesla. The company reported it had delivered 1.31 million vehicles in 2022, slashed prices of its Model 3 and Y in China, and has even filed for an expansion of its Texas Gigafactory.

With Troy Teslike noting that Model Y inventory in the US is at an all-time high, and these new price reductions, it will be interesting to see Tesla’s earnings results in a few months. Stay tuned to Shacknews as we bring you the latest on the electric vehicle industry.

Guides Editor

Hailing from the land down under, Sam Chandler brings a bit of the southern hemisphere flair to his work. After bouncing round a few universities, securing a bachelor degree, and entering the video game industry, he's found his new family here at Shacknews as a Guides Editor. There's nothing he loves more than crafting a guide that will help someone. If you need help with a guide, or notice something not quite right, you can message him on X: @SamuelChandler 

From The Chatty
  • reply
    January 12, 2023 9:15 PM

    Sam Chandler posted a new article, Tesla (TSLA) lowers Model 3 & Y prices in the United States

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      January 12, 2023 9:19 PM

      With the credit that turns the Y into a reasonably priced car. It's too bad they kind of look boring to me now.

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      January 12, 2023 9:30 PM

      Yeah, Tesla is a "never buy" for me with Elon Musk still leading the org.

      Some great engineers and people working there, but I can't support Elon Musk's billionaire buffoonery.

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        January 12, 2023 9:51 PM

        I'm at least a little disappointed that it took Elon being a piece of shit of a human being to stop people wanting to buy a Tesla, and not the multitude of build and quality control issues that have plagued every model from the start...

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          January 12, 2023 9:54 PM

          I guess because most people get a good one, and if you do they drive real nice.

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            January 12, 2023 9:59 PM

            I'm sure the Model Y's drove wonderfully for all the people who had issues with incorrectly fitted door panels and seals that couldn't keep water out of the interior during a rain storm

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              January 12, 2023 10:07 PM

              The model y is the number 1 best selling car in all of Europe. Whatever you think of how important build quality is and how Tesla is so bad at it, they must be doing something right.

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                January 13, 2023 4:15 AM

                Or maybe the car sucks arse but is mega cheap for what you get

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                  January 13, 2023 4:20 AM


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                    January 13, 2023 4:22 AM

                    I drove a series 3 Bmw a while back as a loaner, and I didn’t like it either. I guess at that level, the iPhone car may be a better deal

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        January 13, 2023 6:38 AM

        Tesla is more than just Elon, so I'd still buy one. Their poor quality control still stops me, though.

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      January 13, 2023 5:27 AM

      Damn with the credit those are some legit cuts

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      January 13, 2023 6:02 AM


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      January 13, 2023 6:35 AM

      Damn, would be tempted if I drove my car more than 30mi a week.

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