Tesla Model 3 gets €1500 price increase in Europe

Tesla has added a €1500 price increase for the Model 3 electric vehicle (EV) in Europe. This new price is now in effect on major markets including Germany, France, Italy, and others starting today.

Here’s the breakdown of the price change.

• Tesla Model 3 Rear Wheel Drive (RWD) is now priced at €42,490 increased from €40,990.
• Tesla Model 3 Long Range priced at €51,490 increased from €49,990.
• Tesla Model 3 Performance priced at €58,490 increased from €56,990.

Tesla Model 3 Price Europe July 2024 (Source – Tesla)

The rear wheel drive offers a 513 km WLTP range, 0-100 km/h acceleration in 6.1 seconds, and 201 km/h top speed. The long-range version offers these specs with an improved 629 km WLTP range. The performance model has new dynamics and changes to the exterior including a 528 km range and fast 0-100 in 3.1 seconds. A few months ago, Tesla introduced a performance version to the European market and this is the first price upgrade for this car.

In March this year, Tesla also ramped up the prices for Model Y by €2,000 on all trims including RWD, and €2,500 on Long Range, and Performance variants.

Tesla Model 3 Performance (Image Source – Tesla)

Tesla remains a market leader in Europe including Germany and other countries, which accounts big for EV sales. According to the data revealed by IEA, new electric car registrations in Europe reached nearly 3.2 million in 2023 with 20 percent year-over-year increase.

Among these, Germany has become the third country after China and the US to account for half a million new battery electric car registrations in a year. That includes 18 percent sales from battery electric and 6 percent from hybrid.

To keep its edge on the market and demand, Tesla continues to slash and increase the prices of its vehicles around the globe. That way, the company has improved its recent outlook by posting a good increase in deliveries for the second quarter of this year.