Tesla Model 3 and Model Y Prices Continue to Fluctuate

The reduction comes because the lithium-iron-phosphate battery used in the base model 3 is the only battery from Tesla's U.S. lineup that sources its cells from China. For a vehicle to qualify under the Inflation Reduction Act, it must be assembled in the U.S. even to be considered for qualification. On top of that, a percentage of its battery minerals must be sourced from a specific list of free-trade partners , and lastly, its battery cells must be assembled in North America.

That means that from now until April 18, the Model 3 has a starting price of $43,630 and qualifies for the full $7500 credit. After that, the credit will be cut in half. As to what Tesla will do with Model 3 pricing—your guess is as good as ours.In other Tesla pricing news, the Long Range and Performance versions of the Model Y also received a $2000 price cut on Thursday and now start at $54,630 and $58,630, respectively.

Additionally, a base version of the Model Y with 279 miles of range was added to the lineup on Tesla's website. The base model comes with a small discount to the Long Range model, and starts at $51,630. It was previously limited to inventory models and wasn't listed next to the Long Range and Performance Models on the website,

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