With a basic price of $39,990 after taking $2,000 off, the Model 3 is a relative "bargain" among EVs.

This is accurate despite the fact that it is still more costly than many hybrid plug-ins and EV models for 2023.


according to Edmunds ranks, such as the Chevy Bolt EUV, the Mazda MX-30, the Hyundai Kona Electric, and the Kia Nero EV.

However, the Model 3 is now less expensive than the typical new car pricing,

making it a more cost-effective choice for people wishing to transition to an electric car.

Bloomberg reported in February that the Model 3 cost $42,990.

that its price was $4,930 less than that of the typical new car in America.

This is the second time this month and the sixth time this year that Tesla has lowered the price of its electric cars.