What is the Cheapest Tesla Model? All Cars Analyzed
Reviewed by Huzaifa HaroonTesla is a leader in the electric car industry, but many people wonder if owning one is within their budget. This guide focuses on the most affordable Tesla model available.
This guide will assist those interested in buying a Tesla without overspending by examining the prices, features, and overall value of Tesla’s vehicles. We’ll delve into Tesla’s model history, highlight the most affordable option, and discuss future budget-friendly plans and ownership costs, helping you make an informed decision.
Tesla Model 3 – The cheapest Tesla model
The Tesla Model 3 remains the most affordable as of October 2023. Its cost dropped significantly in January 2023, making it more accessible than ever.
The basic Model 3 starts at $40,630 with rear-wheel drive. The high-performance Model 3 Performance costs $55,000, featuring a powerful dual-motor system with all-wheel drive, delivering 506 horsepower. It includes larger wheels, performance tires, and enhanced brakes for added power.
The mid-tier option, the Tesla Model 3 Long Range All-Wheel Drive, is priced at $45,990, with a dual-motor system offering 441 horsepower.
Both the Performance and Long-Range models feature advanced motor systems for superior handling. The Model 3 Performance has a range of 315 miles and accelerates from 0 to 60 mph in just 3.1 seconds, making it a second quicker than the Long-Range version.
Tesla Model Y – The 2nd cheapest model
The Model Y is Tesla’s most popular car, offering more space like the Model X but with pricing closer to the Model 3.
Model Y variants and pricing are:
- Basic Model Y: $43,990
- Model Y Long Range: $48,990
- Model Y Performance: $52,490
Opting for the Model Y with all features can cost between $67,740 and $73,490.
Tesla Model S – A bit expensive models
The Model S is Tesla’s luxury option with the longest range among all Tesla models. The standard dual-motor version starts at $74,990.
For those seeking the fastest Tesla, the Model S Plaid with three motors is an option. This car reaches 60 mph in under 1.9 seconds and can hit 200 mph. The Plaid version starts at $89,990.
The Model S exceeds the MSRP limits for tax credits, so don’t expect federal tax incentives for this EV.
Tesla Model X – The most expensive models
The Model X is Tesla’s most expensive model. The luxurious Plaid version tops Tesla’s price range, with variants including:
- Model X Dual Motor All-Wheel Drive: Priced at $79,990, this model features a dual-motor setup for a powerful drive.
- Model X Tri-Motor All-Wheel Drive: At $94,990, it adds a third motor for even greater power and performance.
Both models showcase Tesla’s dedication to high-end luxury and advanced electric vehicle technology, providing a top-notch driving experience.
Cybertruck – a bit more expensive
Tesla’s highly anticipated Cybertruck experienced production delays, with pricing and specs temporarily removed from Tesla’s site. In May 2022, Tesla reopened reservations for North American customers.
In late November 2023, Tesla held an event to deliver the first Cybertrucks and share new details. The Cybertruck’s debut price exceeded initial promises by over 50%, with variants priced as follows:
- Rear-wheel drive: Estimated at $60,990 for a 2025 release, featuring a 250-mile range and 0-60 mph in 6.5 seconds.
- All-wheel drive: Priced at $79,990 for a 2024 release, offers a 340-mile range, 112 mph top speed, 600 horsepower, and 11,000 lbs. towing capacity.
- Cyberbeast: Expected at $99,990 for 2024, with a 320-mile range, 0-60 mph in 2.6 seconds, 130 mph top speed, and 845 horsepower.
These models mark a significant step in Tesla’s electric truck market entry, demonstrating innovative design and performance capabilities.
Other Tesla Car Costs to Consider
When buying a Tesla, consider additional expenses beyond the initial purchase price. These ongoing costs contribute to the total cost of ownership. Key considerations are:
- Taxes and fees: Vary by model and location, including registration and license fees.
- Order fee: Tesla requires a non-refundable $250 fee for processing your car order.
- Destination and document fee: Approximately $1,400 to cover delivery and paperwork.
- Charging costs: Depends on driving habits, local electricity rates, and Tesla model. Electric vehicles typically cost less to charge than fueling gasoline cars.
- Service and maintenance: Electric cars like Teslas generally require less maintenance, saving money over gasoline vehicles.
- Insurance: Factors like car value, location, driving record, and insurer affect costs. Electric car insurance may be higher due to advanced tech features.
FAQs
No, charging a Tesla isn’t free. The cost depends on whether you charge at home or at a Tesla Supercharger station. Supercharger costs vary based on charging speed and the duration of charging, not the range added. The price also changes with local electricity rates. On average, Tesla charging costs about 4.5 cents per mile, as estimated by EnergySage. The average cost for a full charge using a level-2 charger is about $15.52, which can differ for each Tesla model.
The most expensive Tesla model currently is the Tesla Model X Plaid. This high-end version of the Model X Plaid is renowned for its exceptional performance and luxury features. Its price starts at around $94,990, making it the priceiest in the Tesla lineup.
A new Tesla battery can cost between $5,000 and $20,000. Typically, you must replace the battery every 10 to 20 years. The price is high because the batteries use special minerals like nickel, cobalt, and lithium, which are expensive.
Reviewed by Huzaifa Haroon
