Tesla drops Model 3’s price in Australia with help from Giga Shanghai exports

Tesla’s strategy of exporting Model 3s from Gigafactory Shanghai to Australia appears to be bearing fruitwith the EV maker recently rolling out a set of price adjustments for the entry-level sedan. The price adjustments were notable, with vehicles like the Model 3 Standard Range Plus getting up to AU$4,000 (US$3,000) off its own cost.

With its latest price modification , the Model 3 Standard Range Plus now prices AU$62,900 (about US$48,500), $4,000 less than its previous price. The Long Range Dual Motor AWD version ’s cost saw a $AU$4,000 reduction also, to AU$77,900 (about US$60,100). Finally, the Model 3 Performance now sells for AU$89,900 (about US$69,000), which will be AU$1,000 (about US$700) significantly less than its prior cost.

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Tesla’s automobile costs in areas such as the United States have been volatile lately, and also in Australia, this trend has been somewhat the same. About six months ago, Tesla significantly reduced the costs of their Model 3 Standard Range Plus along with Model 3 Long Range Dual Motor AWD by up to AU$6,000 (about US$4,600), along with also the Model 3 Performance received an AU$5,000 (about US$3,800) price cut.

With its current adjustment, the base Model 3 Standard Range Plus has become 13.5% more affordable than it was 12 weeks ago. The vehicles’ current prices also make the new entry-level Teslas more attractive than their second-hand counterparts available in the marketplace. Second-hand Model 3s in Australia control a high price, with some cars being listed about AU$68,000 (about US$52,000).

The price of the Model 3 in Australia has been poised to get a reduction for decades, mainly following Gigafactory Shanghai began exporting vehicles to overseas markets like Australia. Thus far, both the Model 3 Standard Range Plus along with also the Model 3 Long Range Dual Motor AWD are being sent from China, while the Model 3 Performance is still being sent from the United States.

It’s not only Australia that’s found a price drop for its Model 3. Just lately, Tesla also rolled out price cuts for its Model 3 in Japan by up to 24 percent, also thanks in part to the automobile now being sourced from Gigafactory Shanghai. Thus far, Tesla Japan’s price reductions appear to be operating, since the Model 3 earnings have seen a 1,300% rise.

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