Tesla Model 3 wait times have come right down for the thousands of Australians looking to get behind the wheel of an EV.
After reaching an all-time high of up to 12 months in 2022, this year has started off with not only price cuts for the Tesla Model 3, but also significantly reduced “Estimated Delivery” times.
New orders for the Tesla Model 3 would result in deliveries as quickly as this month, according to Tesla’s online configurator. The delivery times on a new Model 3 are now “Estimated Delivery: Feb – May 2023”.
This shows a big drop in delivery times with Tesla orders getting as high as up to 12 months’ delivery times back in March 2022.
That’s up to 52 weeks that many Tesla order holders would be waiting to get a delivery of their new EV.
Interestingly, the price of a Model 3 RWD model in March 2022 was the same as it is today after the price cuts.
Over the course of the year, the prices did start to come down and in June, the order configurator was showing 8-11 months delivery times. To be more precise, February 2023 – May 2023 has held true for many of those who placed an order then.
The price of a Tesla Model 3 in June was also $1,500 more than today.
Tesla has achieved a few things during the course of the last 12 months. Not only have they been able to deliver more than 10,000 Model 3 sedans to Australia, but they’ve also increased demand even further by cutting prices and reducing wait times.
As a comparison, many Toyota Corolla hybrid owners are still waiting over 6 months to get behind the wheel of their new car, and at significantly higher prices than what Toyota was asking 24 months ago.
And it should be noted that Tesla price cuts automatically apply to thousands of Tesla order holders who have been waiting for their deliveries.
But the best part about owning a Tesla Model 3 over a Toyota is that Model 3 owners would not be heading back to a petrol station to fill it up.
Riz is the founder of carloop based in Melbourne, specialising in Australian EV data, insight reports and trends. He is a mechanical engineer who spent the first 7 years of his career building transport infrastructure before starting carloop. He has a passion for cars, particularly EVs and wants to help reduce transport emissions in Australia. He currently drives a red Tesla Model 3.