How much does a Tesla Model 3 cost? Tesla currently offers EV models of varying trim levels and prices to choose from in 2023. Below, we have compiled all the current pricing for each available Tesla model ranging from its lowest, bare-bones starting price to its maximum MSRP. Let’s begin with Tesla’s most affordable EV, the Model 3.
How much does a Tesla Model 3 cost?
When we say that the Model 3 is the most affordable Tesla, that doesn’t necessarily mean it doesn’t cost a lot, especially in 2023. You may recall that when Tesla first introduced this EV in 2016, it was aiming to deliver at at a price below $35,000 and did – for a very short period of time.
First and foremost, it’s important to preface these prices by stating that they are accurate at the time of this post, but Tesla likes to keep us all on our toes, so that could certainly change. We will try our best to keep this article updated with the latest pricing for you. Let’s dig in.
Currently, the Rear-Wheel Drive trim of the Tesla Model 3 starts at an MSRP of $40,240 with zero upgrades, not including any taxes, destination, or other fees.
To give you the full price range of the Model 3, we also priced it loaded with every available upgrade including red paint, 19″ Sport Wheels, black and white interior, plus the perpetually forthcoming full-self driving capability for an additional $15,000. All in, the fully-loaded RWD Model 3 costs $59,740.
If you don’t want to spring for full-self driving capabilities, Tesla offers a less robust add-ons called Enhanced Autopilot that delivers features like auto lane change, autopark, and navigation on autopilot. That option is only $6,000 rather than the $15k mentioned above.
The Long Range Model 3 used to start at $55,990 and reach a top end price of $72,490, but sales were put on hold for several months until the LR re-emerged in May 2023 at a starting MSRP of $47,240. Add the same available upgrades mentioned above, including full self-driving capabilities and the new Long Range Model 3 can cost you $66,740.
Lastly, the Performance version of the Model 3 starts significantly lower in 2023 than it was in 2022, at an MSRP of $53,240. Decked out it can go as high as $71,240 with 20″ Überturbine wheels and other add-ons mentioned above.
Another new sales tactic for Tesla is a separate fee for charging connectors. No matter which model or trim you choose, you now have to pay an additional $200-$400 for your mobile or wall charging connector. Model 3 prices have come a long way since its initial debut as Tesla’s cheapest EV, but you can still save some cash by getting yourself a pre-owned model.
Following the US Treasury Department’s updated battery guidance, all trims of the 2022-2023 Model 3 EVs qualify for federal tax credits. Currently, all trims of the Model 3 qualify for up to the full $7,500.
How much is a Tesla Model 3 full price?
The starting MSRP of the 2023 Tesla Model 3 is $40,240 for the Rear-Wheel Drive (RWD) trim. This price does not include taxes, destination fees, or any upgrades. The Long Range (LR) trim starts at $47,240, and the Performance trim starts at $54,490.
The following are some of the available upgrades for the Tesla Model 3:
- Paint: Red, White, Midnight Silver Metallic, Deep Blue Metallic, and Pearl White Multi-Coat are all available for an additional $1,000.
- Wheels: 18-inch Aero Wheels are standard, but 19-inch Sport Wheels are available for an additional $1,500.
- Interior: Black, White, and Gray interiors are available. The white interior is an additional $1,000.
- Full Self-Driving Capability: This is a software upgrade that allows the car to drive itself on city streets and highways. It costs an additional $12,000.
The final price of a Tesla Model 3 will vary depending on the trim level, options, and location. For example, the price of a Tesla Model 3 in California will be higher than the price of a Tesla Model 3 in Texas due to the difference in sales tax rates.
In India, the expected price of the Tesla Model 3 starts from ₹ 80.23 Lakh and goes upto ₹ 1.03 Crore. This is significantly higher than the price in the US due to import duties and taxes.
Which is cheapest Tesla?
The cheapest Tesla is the 2023 Model 3 Rear-Wheel Drive (RWD). It has an MSRP of $40,240, not including any taxes, destination, or other fees. The Model 3 RWD has a range of 267 miles on a single charge.
Is it cheaper to buy a Tesla?
Whether or not a Tesla is cheaper to buy depends on a number of factors, including the model you choose, your driving habits, and the availability of government incentives.
The base price of a Tesla Model 3 starts at $46,990. This is more expensive than many gasoline-powered vehicles, but it is also eligible for a federal tax credit of up to $7,500. The actual amount of the tax credit you receive will depend on your income and tax liability.
In addition to the federal tax credit, some states also offer incentives for electric vehicles. For example, California offers a $2,000 rebate for the purchase of a Tesla Model 3.
If you factor in the cost of fuel, insurance, and maintenance, a Tesla can be cheaper to own than a gasoline-powered vehicle over the long term. Electric vehicles require less maintenance than gasoline-powered vehicles, and the cost of electricity is much lower than the cost of gasoline.
However, the upfront cost of a Tesla is still a major factor to consider. If you are on a tight budget, a Tesla may not be the best option for you.
Is Tesla 3 luxurious?
The Tesla Model 3 is considered a luxury car by many people, but it is not without its critics. Some people argue that the interior materials are not as high-quality as those found in traditional luxury cars, while others say that the lack of physical buttons and knobs takes away from the luxury experience.
Ultimately, whether or not the Tesla Model 3 is luxurious is a matter of personal opinion. However, there are a few things that the Model 3 does offer that traditional luxury cars do not, such as its advanced technology and impressive performance.
Here are some of the pros and cons of the Tesla Model 3 in terms of luxury:
- Advanced technology, such as the large touchscreen infotainment system and Autopilot driver-assistance features
- Impressive performance, with a 0-60 mph time of just 3.1 seconds for the Performance model
- Long range, with up to 358 miles of EPA-estimated range for the Long Range model
- Comfortable and spacious interior
- Minimalistic design that some people find luxurious
- Some interior materials are not as high-quality as those found in traditional luxury cars
- Lack of physical buttons and knobs can take away from the luxury experience
- Some people find the ride quality to be too firm
- Tesla’s customer service has been criticized
Overall, the Tesla Model 3 is a very impressive car that offers a lot of luxury features. However, it is not without its flaws. If you are looking for a traditional luxury car with a plush interior and a smooth ride, the Tesla Model 3 may not be the best choice for you. However, if you are looking for a car with cutting-edge technology and impressive performance, the Tesla Model 3 is definitely worth considering.
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