In 2023, prices for the Tesla Model 3 and Model Y will fall to $1600 to $3400.

The price of Tesla's Model 3 SUV and two recently launched EVs has increased by

as much as $3902 (including luxury vehicle tax) in Australia, only one week after the latter debuted on sale there.

Due to Tesla's current $7500 reduction on both the Model 3 and Model Y,

the basic Model 3 is currently only $7500 away from the $35,000 figure that Elon Musk promised more than five years ago.

Prices for the Model 3 sedan have fallen by $1,600 to $3,100, depending on the variant,

and now range from $63,900 for a RWD to $89,900 for the Performance,

excluding on-road charges and the Luxury Car Tax.

According to Tesla's public website, the standard-range rear-drive Model 3 is now available at $63,900 as opposed to $65,500.

Tesla has repeatedly asserted that the Model Y's production costs are equivalent to the Model 3's.