Tesla increases price of Model 3 in Europe [Update]

After recent price cuts to the Model S in North America, Tesla has quietly raised prices for the Model 3 in Europe.

The price change, which took effect today, impacts only the Long Range (LR) and Performance variants of the electric sedan. Buyers in Germany placing orders today will have to pay an additional €490 ($760 CAD, $572 USD) more to secure their Model 3.

Update: After publishing our story, several of our readers from Austria let us know they have also been impacted by a price increase.

The LR Model 3 is now €990 ($1,541 CAD, $1,155 USD) more expensive in Austria at €56,490. The Performance Model 3 also increased by €700 ($1,090 CAD, $817 USD) to €61,990.

Update #2: Thanks to another reader in Sweden, we now know the price also took place in Sweden. Unlike the other markets, the Standard Range Plus (SR+) was also affected. All increased by 10,000 SEK (€1,000, $1,500 CAD, $1,125 USD).

According to our tipster, there could be a reason for the price increase in Sweden. It was recently announced the Swedish government was raising the EV incentives by the same amount, 10,000 SEK.

Update #3: Another reader from Denmark has let us know they were also not immune to the price changes. The SR+ increased by DKK 10,000 (€1,343, $2,084 CAD, $1,564 USD), while the LR and Performance Model 3’s increased by DKK 13,000 (€1,746, $2,710 CAD, $2,033 USD).

Since the change doesn’t impact the Standard Range Plus (SR+) in most markets, it is unclear at this point what prompted the increased prices.

We recently learned that Tesla has begun exporting Standard Range Plus (SR+) Model 3’s from China to customers in Europe. These Model 3’s come equipped with the new LFP batteries, which are only included in vehicles built out of Giga Shanghai.

If any of our readers from other European nations have noticed a similar price increase, let us know in the comments below, or email us at tips@driveteslacanada.ca.

This is a developing story, check back for updates.