Tesla Cuts Prices in the US and Across Europe by up to 20 Percent


Tesla is cutting prices throughout Europe and in the US. The price cuts arrived less than a year after Tesla made multiple price hikes in 2022.

“At the end of a turbulent year with interruptions to the supply chain, we have achieved a partial normalization of cost inflation, which gives us the confidence to pass this relief onto our customers,” says a Tesla Germany spokesperson in a statement to Reuters.

Today’s changes put the prices of the Model 3 and Model Y below the listed price they were at before Tesla’s initial big price hikes almost a year ago. EV researcher Troy Teslike has compiled a list showing the price changes in the US, with the Model Y long range now $13,000 cheaper before the tax credit and $20,500 cheaper including the credit. That’s a 31 percent discount in total after the tax credit.

While some aspects of the EV tax credits will be delayed until March, the new rules mean EVs should be more affordable in the US depending on where cars are built, where batteries are assembled, and where materials for those batteries are sourced from. Tesla’s own discounts are clearly designed to push sales across Europe and in the US. Reuters reported earlier this month that Tesla’s quarterly deliveries fell short of market estimates, due to logistical issues and concerns around demand.

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