Tesla Slashes Existing Model 3 Prices Ahead of Rumored Refresh
Tesla has cut prices of its existing inventory of the Model 3 in Canada and the USA.
Meanwhile, existing Model 3 RWD inventory has been cut by $5,500 in Canada, starting at $37,940 CAD. The Long Range in Canada is being cut by $6,500 to $58,490 CAD. These vehicles are being made at Giga Shanghai in China.
2023 Tesla Model 3 RWD is cheaper than a 2024 Toyota Corolla Hybrid in Canada Right now.
Existing inventory showing discounts of $4,950 off before rebates. Subtract $5K federal, max $7K Quebec rebate, and $650 referral, the Model 3 RWD is $37,390 vs Corolla at $37,525 pic.twitter.com/wHTMHX8buT
— TeslaNorth.com (@RealTeslaNorth) August 28, 2023
Earlier this week, the existing inventory discounts in Canada were showing $4,950 CAD off, but now this has increased by $550 CAD. The Model 3 RWD also qualifies for a $5,000 federal rebate, plus an extra $650 off if ordering through a referral, to go with provincial rebates ($3,000 in BC and $7,000 in Quebec for example).
This takes the Model 3 RWD in Canada from existing inventory down from $49,490, down to $36,840 CAD after federal and provincial rebates and a referral. That’s a pretty darn good price and makes even more sense with rising gas prices. It’s also cheaper than a Toyota Corolla Hybrid.
Will we see the launch of the ‘Highland’ Model 3 tomorrow? Let’s wait and find out, folks.
Tesla model 3 'highland' tomorrow? 🥸 Place your bets https://t.co/JfdEd5NTeQ
— TeslaNorth.com (@RealTeslaNorth) August 31, 2023
Rumours claim Tesla’s Model 3 refresh will be priced from 199,800 CNY, or about $25,527 USD, which is a significant discount from the existing price of $40,240 USD in the USA.
Domestic media reports Tesla's new #Model 3 will go on sale on September 1 as scheduled, with a price of 199800
— 大趙 (@zhongwen2005) August 31, 2023