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Tesla Model 3 pricing shaved for 2024 with BYD Seal electric sedan in its sights

Updated Model 3 has its price tweaked for 2024. (Image: Tom White)

Following drastic price cuts to the Model Y electric SUV, the 2024 Model 3 Long Range AWD has had $1000 shaved from its price. 

It means the Long Range – capable of hitting 100km/h in 4.4 seconds and travelling 629km in the combined WLTP cycle – starts at $70,900, before on-road costs. 

The Model 3 Long Range is therefore more competitive with the BYD Seal Premium ($58,798, before on-road costs) while still healthily undercutting the long range Hyundai Ioniq 6 ($71,500) and Polestar 2 Long Range Single Motor ($71,400).

The 2024 Model 3 Standard Range remains at $61,900, before on-road costs.

Unlike the Model Y, there are no running changes to the Model 3 sedan. The updated electric car reached our shores with suspension upgrades, visual changes and no indicator stalks in December 2023.  

A Performance version, with specs yet to be confirmed, is expected to launch some time this year.  

Tesla lists the 2024 Model 3 as available to order now on its website. Its Model Y sibling had a few more changes for 2024 including fresh paint colours, different alloys and more significant price cuts. 

2024 Tesla Model 3 pricing (before on-road costs)

VariantPrice (before on-road costs)
Model 3 Standard Range$61,900 (no change)
Model 3 Long Range AWD$70,900 (-$1000)
John Law
Deputy News Editor
Born in Sydney’s Inner West, John wasn’t treated to the usual suite of Aussie-built family cars growing up, with his parents choosing quirky (often chevroned) French motors that shaped his love of cars. The call of motoring journalism was too strong to deny and in 2019 John kickstarted his career at Chasing Cars. A move to WhichCar and Wheels magazine exposed him to a different side of the industry and the glossy pages of physical magazines. John is back on the digital side of things at CarsGuide, where he’s taken up a role as Deputy News Editor spinning yarns about the latest happenings in the automotive industry. When he isn’t working, John can be found tooling around in either his 2002 Renault Clio Sport 172 or 1983 Alfasud Gold Cloverleaf.  
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