Tesla slashes inventory Model Y prices by up to $11,000

Earlier this month, Tesla announced a series of discounts aimed at boosting sales of both the Model 3 and Model Y during the third quarter of 2025. That came after a strong month of sales in June with over 4,500 EVs sold by Australia’s leading EV brand.

Now we decided to look at the inventory levels to see what stock and potential discounting was available for those wanting to get behind the wheel of a new Tesla today. 

We quickly discovered that big discounts were available on new pre-refresh Model Ys, with savings of over $11,000 offered on the dual-motor Long Range and Performance variants.

In Queensland, driveaway prices of the Long Range variant in multiple colours were spotted with prices starting around $67,900 driveaway.

NSW has stocked Model Ys starting at under $66,150 driveaway while Queensland had a couple of cars under $66,300 driveaway.

For comparison, the newly refreshed single-motor Model Y starts at just under $65,000 drive-away in Victoria.

For those wanting a sportier SUV, the Model Y Performance stock is also available in several states and territories with prices hovering around $80,000 driveaway.

That’s the cheapest we have seen for new Model Y Performance since the brand unveiled the model back in 2022.

At that time, the car was priced at over $100,000 driveaway in many parts of Australia and the latest offers bring an over $20,000 savings over what owners of Australia’s fastest Tesla SUV paid just 3 years ago.

Similarly, when the Long Range Model Y was launched back in April 2023, it was priced closer to $88,000 driveaway for a white car with 19-inch wheels. 

The current driveaway offer shaves almost $22,000 off the price of that car, just a tad over two years from the first deliveries. 

Tesla has continued to lower prices over the years, making their EVs more affordable than ever. 

Over in Canada, the brand recently lowered prices of its Model Y down by $20,000 after having to increase them to make up for the tariffs on its US-built vehicles. 

It shifted its production of Model Ys for the Canadian market to its European plant in Germany, thereby avoiding tariffs on its electric SUV in the growing EV market.

As the EV market continues to grow, so will the opportunities for a leading brand like Tesla. The real question is if all these incentives will help it bring its sales up to 2024 levels, 38,347 units.