Tesla Lowers Price Of Model 3 SR+ In China

Will the entry-level Teslas become more affordable also elsewhere?

2021 Tesla Model 3

Mark Kane

By: Mark Kane

Jul 30, 2021 at 2:40pm ET

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Tesla updated its online design studio in China with a new price for the locally produced Model 3 Standard Range Plus version. It's now noticeably less expensive.

The entry-level Model 3 starts at 251,740 yuan ($38,960), which is about 14,000 yuan (2,166) or 5.3% less than in January 2021 (265,740 yuan). After including a subsidy of 15,840 yuan ($2,451) the effective price is 235,900 yuan ($36,508).

The price of the Made-in-China (MIC) Performance version remains the same, while the Long Range RWD version is no longer available since January.

Model 3 Standard Range Plus RWD (MIC): *235,900 yuan ($36,508)
* after including a subsidy of 15,840 yuan ($2,451) from 251,740 yuan ($38,960)
NEDC range of 468 km (291 miles)
top speed of 225 km/h (140 mph)
acceleration 0-100 km/h (62 mph) in 5.6 seconds
Model 3 Performance, Long Range AWD (MIC): 339,900 yuan ($52,028)
* the price remain stable since January 2021, no subsidies
NEDC range of 605 km (376 miles)
top speed of 261 km/h (162 mph)
acceleration 0-100 km/h (62 mph) in 3.3 seconds

The estimated delivery time of both versions is 4-6 weeks.

The main question is whether Tesla will lower the prices of the Model 3 Standard Range Plus also in other markets, like Europe and the U.S.?

What do you think?

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It appears to us that Europe is now getting cars, mostly from China, which means that lower prices would be a reasonable move.

For comparison, we attached prices for the MIC Tesla Model Y in China, which remains the same since the launch of the Standard Range version:

Model Y Standard Range Plus RWD (MIC): *276,000 CNY ($42,714)
* after including a subsidy of 15,840 yuan ($2,451) from 291,840 yuan ($45,165)
range of 525 km (326 miles) (national standard)
top speed of 217 km/h (135 mph)
acceleration 0-100 km/h (62 mph): 5.6 seconds
Model Y Long Range AWD (MIC): 347,900 CNY ($53,841)
range of 594 km (369 miles) (national standard)
top speed of 217 km/h (135 mph)
acceleration 0-100 km/h (62 mph): 5.0 seconds
Model Y Performance, Long Range AWD : 377,900 CNY ($58,484)
WLTP range of 480 km (298 miles)
top speed of 250 km/h (155 mph)
acceleration 0-100 km/h (62 mph): 3.7 seconds