Model 3 now from A$45,900, Model Y Performance A$4,500 lower
Tesla's Australian and New Zealand websites list a new entry-level Model 3 and a cheaper Model Y Performance.
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Tesla's new entry-level Model 3 Rear-Wheel Drive costs A$45,900 in Australia, before on-road costs. The Model Y Performance is A$84,900, down A$4,500 from A$89,400.
In New Zealand the new Model 3 starts at NZ$54,900. The Model Y Performance is NZ$95,900, down NZ$5,000 from NZ$100,900.
Tesla made both changes in Australia and New Zealand on 1 Oct 2026, when it opened orders for the 2027 models.
Model 3 and Model Y list prices
| Variant | Australia | New Zealand |
|---|---|---|
| Model 3 Rear-Wheel Drive | A$45,900 | NZ$54,900 |
| Model 3 Premium Rear-Wheel Drive | A$54,900 | NZ$63,900 |
| Model 3 Premium Long Range Rear-Wheel Drive | A$61,900 | NZ$71,900 |
| Model 3 Performance All-Wheel Drive | A$80,900 | NZ$86,900 |
| Model Y Premium Rear-Wheel Drive | A$58,900 | NZ$67,900 |
| Model Y Premium Long Range All-Wheel Drive | A$68,900 | NZ$77,900 |
| Model Y L Premium All-Wheel Drive | A$74,900 | NZ$83,900 |
| Model Y Performance All-Wheel Drive | A$84,900 | NZ$95,900 |
All prices are Tesla's list prices before on-road costs. Tesla lists the entry Model 3 at 572 km of range on the Worldwide harmonised Light vehicle Test Procedure (WLTP) and 0–100 km/h in 6.2 seconds. Prices checked 21 Oct 2026.
Why the Model Y Performance costs less
Tesla has moved Model Y Performance production from Germany to its Shanghai factory, where the rest of the Model Y range is built. Paint is now an extra-cost option on the Performance.
Rod Bland is the publisher and editor of Volts & Bots. He lives in Sydney and drives a Model Y L bought in Australia in 2026, with HW4 and FSD (Supervised). More about Rod Bland.