Tesla Model 3 price rise

The entry price to Australia’s favourite electric vehicle, the 2022 Tesla Model 3, is now $1000 higher.

That means the standard-range, rear-wheel drive Tesla Model 3 now starts from $60,900 plus on-road costs, pushing the US brand’s top-selling EV back up above the $60K marker after a series of price reductions over the past couple of years.

No justification has been given for the increase, but it’s part of a broader industry trend and comes as production and shipping delays have increased the waiting time for Australian orders placed today for the Model 3 to as much as seven months.

The $1000 increase hands the new Polestar 2 an advantage over its biggest rival as it has entered the market with what was, up until now, an identical starting price of $59,900 plus ORCs.

But even at its new higher level, the Model 3 remains well-priced compared to many other EVs and remains eligible for various incentives and rebates available around Australia.

The entry-level variant was also treated to a 43km driving range extension to 491km (WLTP) late last year, thanks to a new lithium-iron phosphate battery.

The price increase has only been applied to the base Tesla Model 3, with the higher-spec Long Range and Performance variants remaining steady at $73,200 and $84,900 plus ORCs respectively.

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