What?
The 2024 Tesla Model 3 Performance is sporting a new price tag after yet another $1,000 increase, making it even more expensive. The top-of-the-line version now starts at $54,990, plus extra obligatory fees, which is $1,000 more than just a month ago and $2,000 higher than its introductory price. The demand seems to be surpassing supply, prompting Tesla to adjust prices strategically.
Why does it matter?
The price jump indicates strong market interest in the Tesla Model 3 Performance. However, with a cap of $55,000 for the federal tax credit, Tesla seems to be pushing the limits. In a clever move, Tesla is making popular interior options like Black and White free to avoid breaching the price cap and still offering a more premium feel to customers.
An intriguing signal of high demand is the estimated delivery time for the Model 3 Performance, pushed to July 2024 compared to June 2024 previously. This delay hints at a backlog caused by overwhelming orders. On the flip side, the Model 3 RWD and Long Range AWD models have a quicker delivery window of May-June but miss out on the tax credit.
How is it going to shape the future?
We can anticipate a continued increase in the price of the Tesla Model 3 Performance if demand remains robust. Tesla’s nimble approach to pricing suggests a keen understanding of market dynamics and a strategy to balance customer satisfaction and profitability. As electric vehicles become more mainstream, the competition will likely intensify, challenging Tesla to innovate not only in technology but also in pricing and customer experience.
Source: https://insideevs.com/news/720137/tesla-model3-performance-1000usd-price-hike/