The Tesla Model 3 Long Range AWD just got its third price increase this month.
The first increase of $1,000 was applied a few weeks after launching the refreshed “Highland” model, followed by a $500 increase a week ago. Now, the Long Range AWD version is $250 more expensive, which brings the total to $1,750 (up 3.8%).
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Tesla Model 3 “Highland”
The refreshed Tesla Model 3 is available in RWD and Long Range AWD versions, with a Performance variant likely on the way. It offers revised styling, slightly improved stats, and a nicer interior.
The price of the entry-level Tesla Model 3 RWD remains the same at $38,990. It’s worth noting that this version has an estimated delivery time (for new orders) of February-March. At the same time, customers have to wait until April-May for the new Model 3 Long Range AWD.
The new Tesla Model 3 prices:
- RWD: $38,990 (no change)
- Long Range AWD: $47,740 (up $250 or 0.5% from $47,490)
It suggests that the supply of new cars is not sufficient to meet the demand for the Long Range AWD version.
Tesla-focused analytic Troy Teslike (@TroyTeslike / X) wrote that the micro price adjustments might be a way to discourage people from ordering a Model 3. Potentially, it can’t be produced in high enough numbers. By the way, the optional white interior for the Model 3 is delayed and its price increased to $1,500.
At the same time, it seems that Tesla Model Y production is in full swing. The company’s website now shows “Shop Available” Model Y cars (already produced cars), while the “Order Now” button (for ordering a custom Model Y) is at the bottom of the website.
The Model Y recently received a $1,000 price cut. Its estimated delivery time (new orders) is February-March, indicating that supply exceeds demand.
It will be very interesting to see how this situation will develop in 2024, but it seems that the beginning of the year is challenging.
| Model | Base Price | Dest. Charge | Tax Credit | Effective Price |
| 2024 Tesla Model 3 RWD 18-in | $38,990 | +$1,640 | N/A | $40,630 |
| 2024 Tesla Model 3 RWD 19-in | $40,490 | +$1,640 | N/A | $42,130 |
| 2024 Tesla Model 3 Long Range AWD 18-in | $47,740 | +$1,640 | N/A | $49,380 |
| 2024 Tesla Model 3 Long Range AWD 19-in | $49,240 | +$1,640 | N/A | $50,880 |
* Tesla adds a Destination fee (DST) of $1,390 and an Order Fee of $250 to all its models ($1,640 total).
| Model | Drive | EPA Range | 0-60 mph (sec) | Top Speed (mph) |
| 2024 Tesla Model 3 RWD 18-in | RWD | 272 mi* | 5.8 | 125 |
| 2024 Tesla Model 3 RWD 19-in | RWD | 248 mi* | 5.8 | 125 |
| 2024 Tesla Model 3 Long Range AWD 18-in | AWD | 341 mi* | 4.2 | 125 |
| 2024 Tesla Model 3 Long Range AWD 19-in | AWD | 305 mi* | 4.2 | 125 |
* EPA range according to the manufacturer
