Tesla and CEO Elon Musk have not commented on the price decreases, but prospective customers will undoubtedly be thrilled (and recent purchasers displeased). The Model 3 was meant to cost $35,000 and was supplied in that configuration for a short time, but the price gradually increased to the $46,990 revealed in March 2022. Musk said last month that “dramatic interest rate swings” have impacted car affordability and that Tesla may decrease costs.
