Tesla Model 3 Long Range Appears To Be Eligible For The $7,500 Tax Credit

With the $7,500 tax credit applied at the point of sale, the facelifted Long Range Model 3 would cost just a smidge under $40,000.

Red Tesla Model 3 Long Range with pricing

Iulian Dnistran

By: Iulian Dnistran

Jun 17, 2024 at 9:30am ET

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The facelifted Tesla Model 3 Long Range All-Wheel Drive might be eligible for the $7,500 federal tax credit when purchasing, according to several posts on Reddit from reservation holders who noticed the change in the Tesla mobile app.

The change is not yet reflected on the American automaker’s website, which still lists the Model 3 Performance as being the only version eligible for the incentive when purchasing. The federal tax credit can still be applied to all Model 3 versions when leasing.

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Cheaper EVs from Tesla thanks to the federal tax credit

Thanks to the $7,500 federal tax credit, the longest-range Tesla Model 3 might soon cost just a smidge under $40,000. The change isn't yet reflected on Tesla's website, but several reservation holders went online to show that their vehicles are eligible for the tax break when purchasing.

The updated Tesla Model 3 debuted in Europe and China last year, and North American deliveries began in January. With the $7,500 tax break applied at the point of sale, the price of the Model 3 Performance essentially went down to $47,490, the same MSRP as the Long Range version, making the latter somewhat irrelevant.

Gallery: 2024 Tesla Model 3 Long Range

Tesla Model 3 Long Range

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Specs-wise, the Tesla Model 3 Long Range All-Wheel drive provides the highest EPA range rating of all trim levels–341 miles on a full charge–while the zero to 60 miles per hour sprint is managed in 4.2 seconds and the top speed is 125 miles per hour.

Meanwhile, the Model 3 Performance boasts a dual-motor, all-wheel drive setup that’s good for over 500 horsepower, a zero to 60 miles per hour sprint time of 2.9 seconds and a top speed of 163 miles per hour. The EPA-rated combined range rating is 303 miles. The Performance also comes with sport seats, adaptive suspension, 20-inch forged wheels and the latest version of the automaker’s driving software that includes Track Mode V3.

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