A used Tesla Model 3 has been listed on the used EV market and is being dubbed Australia’s cheapest Tesla that drivers looking to make the switch can buy.
On a used EV website, Amazingev, a white 2019 Tesla Model 3 Standard Range Plus has been listed at under $25,500, making it one of the cheapest EVs on the market, and especially significant as it comes from Australia’s leading EV brand.
The car is located in Western Australia and has 160,000 km on the odometer, which his certainly not the highest we have seen in a used Tesla.
It comes with a 54 kWh Nickel-Manganese-Cobalt (NMC) battery pack with original range estimates of just over 400 km on a single charge.
Tesla has since switched over to using Lithium-Iron-Phosphate (LFP) batteries in models built from 2021 onwards, which are recommended to be regularly charged up to 100%.
This pack feeds a rear-mounted motor which can deliver around 200 kW of power, making it one of the more powerful single motor EVs from that time.
The car also appears to be one of the earlier Model 3 sedans, which arrived in Australia from Tesla’s first factory in Fremont, California.
Tesla Model 3 drove the initial early mass-market EV adoption after deliveries began locally back in 2019. By 2022, a used EV market for around 3-year-old cars started to emerge, but due to the Covid period, the prices for used Teslas skyrocketed.
Then things settled in 2023 after Tesla started cutting prices on its Model 3 and Model Y EVs as supply chains improved.
This helped used Tesla EVs to drop below $50,000 and then below $40,000 in Australia.
Last year, prices of used Tesla vehicles have dropped further to some dipping below $30,000. Multiple Tesla Model 3 vehicles on carsales are now priced around $29,990.
Initially, these variant was priced from $73,060 driveway, so at under $30,000, they appear to be a fairly good price for buyers looking to get into a Model 3 Standard Range Plus vehicle.
Multiple factors are contributing to the drop in prices. Part of this drop is due to a rising amount of used EV stock being advertised.
There is also a good amount of new EV supply coming into the market, with Tesla inventory appearing to have quite a few stocked cars. This has brought many incentives to the market to help move that stock during this quarter.
With used stock also seeing a rise as those early Model 3 cars come off first leases, we are likely to see a further drop in prices. It’s probably not going to be long before used Tesla Model 3s will be selling for $20,000. For now, this car appears to be the cheapest Tesla drivers can buy today.
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.