EV maker Tesla has confirmed that as of Wednedsay this week, a minor price increase will be applied to all variants of its “mass-market” Model 3 electric sedan.
In a note emailed to staff, the company noted that all models – even its fabled (and eventually released but since withdrawn from online sales) base $US35,000 Model 3 – would be subject to the increase.
“Like other car companies, we periodically adjust pricing and available options.
“Today, in the US, Model 3 base prices increased by $US400. This price increase applies to all Model 3 variants, including off-menu Standard Range and Long Range Rear-Wheel Drive.
“Leasing for Model 3 Standard Range Plus continues to be available for $399/month,” the email, that was initially obtained by Electrek, stated.
That means that the base Standard Range model will now cost $US35,400 ($A51,098 at today’s rates).
The Standard Range Plus – Tesla’s cheapest model now for sale online – will be $US39,000 before subsidy and fuel savings ($A57,593 at today’s rates).
Both dual motor models – the Long Range and Performance models – will also be subject to the price rise, with the Long Range now priced from $US49,900 ($A72,028 converted) and the Performance model at $US59,900 ($A86,462 converted).
The Long Range Rear Wheel Drive model, which is also only available off-menu, will also be subject to a price hike now that Tesla is adding Autopilot to this model as standard, also (this has been standard for other variants since late last month).
“Long Range Rear-Wheel Drive will also now include Autopilot in the base price. As a result, the base price of Long Range Rear-WHeel Drive will increase by $1,400 in the U.S. and by $,1000 (or market equivalent) in all other markets where it is available off-menu,” the company states.
The increase in pricing follows the addition of $2,000 to pricing last month when it announced that Autopilot would become a standard inclusion for the Model 3, Model X and Model S.
With the release of the Model 3 onto the Australia market now imminent, how the latest change affects pricing within Australia remains to be seen.
But it won’t be much – while a number of theories exist as to how much it may cost once the online configurator page goes live, it is understood that the carmakers sums hinge on a number of factors including currency conversion rates, shipping and import costs and then if it crosses the LCT threshold (currently $A75,526), potentially an additional 33% cost on top of that.
Bridie Schmidt is lead reporter for The Driven, sister site of Renew Economy. She specialises in writing about new technology and has been writing about electric vehicles for two years. She has a keen interest in the role that zero emissions transport has to play in sustainability and is co-organiser of the Northern Rivers Electric Vehicle Forum.