Key highlights:
- Tesla Model 3 Performance receives the biggest stock discount: $4050
- Model Y L Premium All-Wheel Drive saves buyers $3750
- Eligible orders and deliveries must be completed by 31 December 2026
Tesla has slashed prices on selected new Model 3 and Model Y electric cars in Australia, offering discounts of up to $4050 on stock vehicles. Buyers can also access trade-in bonuses of up to $2000, with extra savings available on some demonstrator cars.
The condition is that customers must order and take delivery of an eligible vehicle by 31 December 2026. The discount applies to new Tesla models built before the 2027 updates.
Tesla Model Y discounts
The Model Y range also receives substantial savings, including discounts on the long-range and larger Model Y L variants.
| Tesla Model Y variant | Discount |
|---|---|
| Premium Rear-Wheel Drive | $2950 |
| Premium Long Range All-Wheel Drive | $3450 |
| L Premium All-Wheel Drive | $3750 |
| Performance | No discount |
The cheapest new Model Y Premium Rear-Wheel Drive in stock in NSW was listed at $61,020 drive-away at the time of writing. The new Model Y Performance receives no stock discount under this offer.
Tesla Model 3 discounts
Tesla has reduced prices across several Model 3 variants, with the biggest discount going to the Performance model.
| Tesla Model 3 variant | Discount |
|---|---|
| Entry-level Rear-Wheel Drive | No discount |
| Premium Rear-Wheel Drive | $2750 |
| Premium Long Range Rear-Wheel Drive | $3100 |
| Performance | $4050 |
The price cuts bring the cheapest new Model 3 Premium Rear-Wheel Drive in stock in New South Wales to $57,030 drive-away, according to Tesla’s website. The entry-level Model 3 Rear-Wheel Drive misses out on the stock discount, although buyers can still qualify for a separate trade-in bonus.
Also read: Tesla Cybertruck officially ruled out for Australia
Trade-in bonuses offer extra savings
Tesla is also offering trade-in bonuses on new and demonstrator Model 3 and Model Y vehicles. Eligible buyers can use the bonus to reduce the purchase price or receive cashback after delivery if they finance the entire purchase through a loan or novated lease.
| Eligible variant | Trade-in bonus |
|---|---|
| Model 3 Premium and Performance | $2000 |
| Model Y Premium and Performance | $2000 |
| Model 3 Rear-Wheel Drive | $1000 |
Customers must order and take delivery by 31 December 2026 to qualify, but there are some restrictions. Used-vehicle purchases and business customers, including fleet, enterprise, rental and government buyers, cannot access the offer, and the vehicle traded in must also be registered and in a legally drivable condition.
2027 Model Y Performance received a permanent price cut
Tesla made another significant pricing move at the start of October, when it permanently reduced the Australian retail price of the flagship 2027 Model Y Performance by $4500.
The change followed Tesla’s production shift for the flagship variant. While lower-tier Model Y vehicles for Australia already came from Shanghai, Tesla officially moved Model Y Performance production from its Berlin-Brandenburg factory in Germany to its Gigafactory in Shanghai, China.
These updated MY27 vehicles also introduce Tesla’s PowerShare vehicle-to-load (V2L) technology, which allows the car to power external appliances.
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