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Published Time: 21.05.2024 - 07:02:59 Modified Time: 21.05.2024 - 07:02:59

Tesla is trying to clear inventory here and overseas to keep its production lines moving amid a surge in cheaper electric-car rivals from China. Tesla Model Y


Both of these prices are the cheapest Tesla has sold these respective models for in Australia – and are up to $10,000 less than they were two months ago.

Tesla is trying to clear inventory here and overseas to keep its production lines moving amid a surge in cheaper electric-car rivals from China.

Tesla’s rapid price reduction will now force other brands to consider the price positions on their electric-car offerings, which is good news for all buyers.

A few weeks ago, Peugeot slashed $25,000 off the price of an electric car in runout, and Nissan slashed the price of the Leaf electric car by $18,000 for a limited time.

It remains to be seen if the Tesla line-up can limbo any lower.

The only downside of this recent price cut is that it will instantly put a dent on the resale values of vehicles that have been purchased at higher prices in the months and years prior.

While Tesla will not refund the price difference on any vehicles that have already been delivered, the savings will be passed on to anyone who ordered a car but is yet to take delivery.

The price changes are as follows below:

Above: Screenshots from the Tesla Australia website today, using NSW drive-away pricing as a guide.

Meanwhile, courtesy of Drive.com.au, below is a list of historical price changes on both models:

Prices listed above include Luxury Car Tax (where applicable) because it is industry practice to include LCT, however Tesla excludes it from its base prices. The RRPs listed above also exclude Tesla’s $1400 delivery fee and $400 ordering fee ($150 prior to December 2021), and exclude on-roads costs such as stamp duty, registration, and compulsory third-party insurance. Sources: RJ Pound, Redbook and Tesla.

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Joshua Dowling has been a motoring journalist for more than 20 years, most of that time with Fairfax (The Sydney Morning Herald), News Corp Australia (Herald Sun and News.com.au), and most recently Drive.com.au (owned by Nine Media). He is also a World Car of the Year judge, has won numerous journalism awards, and test drives up to 200 cars per year.

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