Tesla last month began offering nearly $3,000 off the price of Australia’s best-selling EV, the Model Y, for in-stock vehicles. Now, on Tesla’s website, Model 3 vehicles in a few parts of Australia are also showing up to $4,860 off the drive-away price.
At the time of writing, various in-stock Model 3 Performance models were available, offering over a 5% discount off the normal price.
Discounts vary by model, with the RWD Long Range Premium variant seeing $3,100 off the price.
Similarly, in-stock Model Y vehicles have up to $3,450 off the price of the vehicle, making is some of the best prices on new Tesla Model Ys in recent years.
Along with this offer, customers can also apply a current trade-in bonus of $2,000 to the vehicle if they trade in an older vehicle as part of a new Model 3 or Model Y purchase. The offer is valid until the end of 2026.
In Australia, Tesla offers the Model 3 in four variants, including Premium RWD, Premium RWD Long Range, an AWD Performance and the recently launched Model 3 RWD.
The new trimmed-down Model 3 RWD starts at $45,900 before on-road costs, making it the first Tesla to fall under $50,000.
It is also the first single-motor standard-range Tesla to get an official WLTP range of over 550 km, coming in at 572 km and making it the most efficient EV on the market.
Pricing for the Model 3 Premium range starts at $54,900 for the Model 3 Premium RWD and goes up to $80,900 for the Performance variant, before on-road costs.
Tesla has already sold 45,755 EVs in the first 10 months, with the Model 3 making up 6,720 of those sales.
That’s above the 5,597 Model 3s the company sold in the first 10 months of 2025, which is understandable given the softness in the sedan market as buyers shift toward SUVs.
For comparison, BYD’s Seal sedan has seen 4,167 sales, less than a fifth of BYD’s Sealion 7 SUV, which has raked in over 22,000 sales so far in 2026.
To help boost those sales, BYD is currently offering 6% off novated leases on the BYD Seal and joining Tesla’s in-stock/trade-in offers, which are available to drivers today to get behind the wheel of an electric sedan or an SUV today.
For those after an electric SUV, the Sealion 7 has a $4,000 cashback offer as well, which is pretty close to Tesla’s in-stock offer on Model Ys.
