Motoring: Price reduction for TESLA Model 3 and Model Y

by Gazette Reporter
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In 2022, TESLA continued to advance their mission to accelerate the world’s transition to sustainable energy.

TESLA broke records globally with vehicle deliveries growing 40% year-on-year to 1.31 million units, and production increasing 47% year-on-year to 1.37 million units. In Europe, Model 3 and Model Y became a regular feature of the vehicle sales podium across many markets; not just for BEV’s but across all powertrains.

Despite significant challenges last year ranging from the semi-conductor shortage, energy crisis, logistics constraints and further COVID-related disruptions, TESLA continued to lay the foundations for their future growth by regionalizing production and supply chains. TESLA also began the transition to a more evenly spread distribution strategy to diminish logistical and delivery peaks.

TESLA’s focus on continuous product improvement through original engineering and manufacturing processes have further optimized their ability to make the best product for an industry-leading cost. As we exit what has been a turbulent year of supply chain disruptions, TESLA has observed a normalization of some of the cost inflation, giving them the confidence to pass these through to their customers.

As local vehicle production continues to increase and TESLA gain further economies of scale globally, they are making Model 3 and Model Y even more accessible across EMEA.

In Ireland, Model 3 now starts from €44,990 and Model Y starts from €46,990. With this change, Model 3 Rear-Wheel Drive, Model 3 Long Range, Model Y Rear-Wheel Drive and Model Y Long Range now qualify for the SEAI plug-in grant worth up to an additional €5,000.

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