Many consumers are waiting for the price point of electric vehicles to come down a bit more before they jump on the bandwagon. Currently, the most popular electric vehicles on the market come from Tesla. Tesla has cut the price of entry-level versions of the Model 3 sedan and Model Y SUV. While prices have gotten cheaper on the low-end, prices on the high-end of both model lines have increased.
The Model 3 Standard Range Plus has a new MSRP of $36,990, a reduction of $1000 from its previous price. The Model Y Standard Range has seen its price reduced from $41,990 to $39,990. The pricing changes are reflected on Tesla’s website.
Prices have increased for the Model 3 Performance version going from $54,990 to $55,990. The Model Y Performance version also saw a $1000 price increase. Tesla needs people to come to the brand via its entry-level models, and the price cut could help that happen.
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