More discounts for Tesla inventory - Model 3 starts at $37,940

23 July 2023

Tesla is at it again. Ink hasn't dried yet on Elon's warning that more price cuts are in store, and here they are. Brace yourself for an electrifying (pun intended) price drop. Tesla's iconic Model 3 is now kicking off at a startling $37,940 in the US. Yep, you read it right. For those who had been planning to jump into the EV bandwagon, now might just be the perfect moment.

Hang on - it gets even better. Tesla fans can whittle down that price tag to a mere $30,440 with a $7,500 federal tax credit. Hold on to your hats, folks, because this makes the Model 3 the most affordable it's ever been. Just think about it; you could be cruising down the highway in a brand new, zero-mileage Model 3 for just over $30,000. What a time to be alive!

Let's not let the euphoria cloud our judgment. Tesla isn't being purely altruistic here. They're playing the classic game of 'out with the old, in with the new.' A total revamp of the Model 3 is already on the horizon. Thus, clearing out as much existing inventory before the new version rolls in appears to be Tesla's master plan. Well, that's one way to spring clean.

As we all know, Tesla's journey has been anything but conventional. Having been on the market for six years, the Model 3 is indeed due for an overhaul. And with the Model Y sharing much of its DNA with the Model 3, we can expect a similar update to follow in its tracks. In fact, the updated Model Y, called Project Juniper, is on the cards for next year - now, that's something to look forward to.

The imminent unveiling of the new Model 3 in Q3 2023 promises to be a major event in Tesla's timeline. Production is slated to begin shortly after. Of course, knowing Tesla's track record, it wouldn't be outrageous to anticipate some hiccups. But on the other hand, it is Giga Shanghai that's handling the rollout of Project Highland, so delays and surprises are not part of the plan.

In the end, the real winner here is the consumer. With Tesla's price slash, owning an electric vehicle just got a whole lot more attainable. And with the tax credits in play, it feels like Christmas came early. But remember, good things rarely last. If you're pondering taking advantage of this deal, the clock's ticking.

Regardless of the motive, Tesla's bold price drop creates a great opportunity for consumers. As they say, one person's inventory clearance is another person's bargain. Let's see how this plays out. Let’s see if those price cuts filter down to Europe as well. Last time there was a considerable delay but eventually the prices did come down on the Old Continent.

Via