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2021 Tesla Model 3 pricing and specs detailed: Electric car now significantly cheaper following first big update

The Tesla Model 3 just got a whole lot more affordable.

Tesla Australia has released the first big update for its entry-level all-electric vehicle, the Model 3 mid-size sedan, which has also been given a large price cut.

The entry-level Standard Range Plus is now $7000 cheaper, at $66,900 plus on-road costs, while the mid-range Long Range is down $7800, to $83,201, and the flagship Performance is $6500 more affordable, at $94,901.

As part of the Model 3’s update, the yet-to-be-released Model Y mid-size SUV’s heat pump HVAC system has been introduced, and when it’s combined with the upgraded tyres and improved powertrain and software, its efficiency has been further optimised.

As a result, the single-motor Standard Range Plus still completes the 0-100km/h sprint in 5.6 seconds, but its NEDC driving range has increased to 490km (+30km), according to Tesla Australia.

Comparatively, the dual-motor Long Range and Performance still reach triple digits in 4.4s and 3.3s but now travel 657km (+37km) and 628km (+68km) between charges respectively.

The Model 3's centre console has also been redesigned, with it now featuring two wireless smartphone chargers. The Model 3's centre console has also been redesigned, with it now featuring two wireless smartphone chargers.

Furthermore, the Standard Range Plus’ 18-inch Aero and Long Range’s 19-inch Sport alloy wheels have had their designs tweaked, while the Performance is now fitted with new 20-inch Uberturbine items.

The Model 3’s side repeaters, brightwork and doorhandles are now Satin Black instead of chrome, while the bootlid has added power operation.

Inside, the Model 3’s now has metal steering wheel scroll wheels, Graphite seat controls, magnetic sunvisors, Satin Black scuff plates and Matte Black trim (replaces Piano Black).

The centre console has also been redesigned, with it now featuring two wireless smartphone chargers and a tweaked front compartment with a sliding lid.

Two extra USB-C ports are now also on hand for quick device charging, while an additional USB-A outlet in the glovebox is available to use with storage devices for Sentry Mode and dash cam footage.

Local deliveries of the updated Model 3 will begin in the second half of next month.

2021 Tesla Model 3 pricing before on-road costs

VariantTransmissionCost
Standard Range Plusautomatic$66,900 (-$7000)
Long Range automatic$83,201 (-$7800)
Performanceautomatic$94,901 (-$6500)