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Tesla Model 3 becomes Australia's cheapest electric sedan

Compiled by ADME Newsroom from 1 source

First reported by CarExpert · 1 October at 10:30 am

Who's covering this — 1 article

Motoring press: 1

Image: CarExpert

The quick read

Full coverage

CarExpertMotoring press1 October at 10:30 am

Tesla Model 3 becomes Australia's cheapest electric sedan

The base price of the Tesla Model 3 is now $9000 lower, while a new larger touchscreen and vehicle-to-load functionality join the range.

Read at CarExpert →

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← Newsroom/EVs & hybrids

Tesla Model 3 becomes Australia's cheapest electric sedan

Compiled by ADME Newsroom from 1 source

First reported by CarExpert · 1 October at 10:30 am

Who's covering this — 1 article

Motoring press: 1

Image: CarExpert

The quick read

The base price of the Tesla Model 3 is now $9000 lower.
A new larger touchscreen and vehicle-to-load functionality have been added to the range.
The price reduction will increase demand for the Tesla Model 3.
The addition of new features will make the Tesla Model 3 a more attractive option for customers.

For dealers: The Tesla Model 3's price reduction and added features will increase its competitiveness in the Australian market, putting pressure on other electric sedan manufacturers and dealers to review their pricing and marketing strategies.

AI-assisted summary of the coverage below — check the original reporting before relying on specifics.

ADME commentary

The ADME angle

The Tesla Model 3's new base price of $9000 lower than before will put pressure on other electric sedan manufacturers to review their pricing strategies in the Australian market.

Pricing and Margin

This price reduction will likely lead to increased demand for the Tesla Model 3, potentially drawing customers away from other electric sedan brands.

The addition of a new larger touchscreen and vehicle-to-load functionality to the Tesla Model 3 range will also make it a more attractive option for customers, further increasing its competitiveness in the market.

Competitor Response

Other manufacturers of electric sedans in Australia will need to respond to Tesla's price reduction in order to remain competitive, potentially leading to a price war in the segment.

The Tesla Model 3's increased competitiveness will also put pressure on dealers of other electric sedan brands to review their marketing and lead handling strategies in order to attract and retain customers.

Showroom Traffic

Dealers can expect an increase in showroom traffic from customers interested in the Tesla Model 3, and should be prepared to handle a potential increase in sales inquiries and test drives.

One decisive action a dealer could take this week is to review their current inventory and pricing of electric sedans, and consider adjusting their marketing strategy to remain competitive in the face of the Tesla Model 3's new pricing.

Go deeper — ADME analysis