Want to Drive a Tesla? Here’s How to Find the Cheapest Model [2024] ⚡️

You might think owning a Tesla is out of reach, but there are ways to get into an electric luxury car without blowing your budget. The Tesla Model 3 might be the first thing that pops into your head, but let’s get real. That’s not the whole story. Just like figuring out the best music for a road trip, finding the perfect Tesla requires exploring all options and knowing where to look. We’ll break down Tesla prices, hidden costs, and even the newest models and predictions so you can make an informed decision.

Quick Answer

• The Tesla Model 3 Rear-Wheel Drive is considered the most affordable Tesla option currently.
• But price is just one factor, remember to consider the total cost of ownership, including charging costs, insurance, and potential maintenance.
• Keep an eye out for Tesla incentives and rebates, which can shave significant dollars off your final cost.
• Don’t forget about used Teslas! You could find a great deal on a pre-owned Model 3, Model S, or Model X. 💡

👉 Shop for Teslas on:

• Model 3: Tesla | TrueCar | Edmunds | Autotrader
• Model Y: Tesla | TrueCar | Edmunds | Autotrader
• Model S: Tesla | TrueCar | Edmunds | Autotrader
• Model X: Tesla | TrueCar | Edmunds | Autotrader

Table of Contents

• Quick Tips and Facts
• Tesla’s Electric Vehicle Revolution: A Brief History
• Tesla Model 3: The Most Affordable Tesla?
• Tesla Model Y: The Practical and Popular Choice
• Tesla Model S: The Flagship Sedan
• Tesla Model X: The Luxurious SUV
• Tesla Prices at a Glance: A Comparison
• Tesla’s Pricing Strategy: Factors Influencing Costs
• Tesla Incentives and Rebates: Saving Money on Your Electric Ride
• Hidden Costs of Tesla Ownership: What You Need to Know
• The True Cost of Tesla Ownership: Fuel Savings and Maintenance
• Tesla’s Future: Upcoming Models and Price Predictions
• Is a Tesla Worth the Price? Weighing the Pros and Cons
• Conclusion
• Recommended Links
• FAQ
• Reference Links

Quick Tips and Facts

• Cheapest Tesla (as of late 2023): Tesla Model 3 Rear-Wheel Drive
• Starting Price: Around $40,000 (without incentives) 🤯
• Federal Tax Credit: Up to $7,500 for eligible models 💰
• Factors Affecting Price: Trim level, battery range, options, location
• Used Teslas: Can be significantly cheaper but research battery health!
• Beyond Price: Consider charging costs, insurance, and maintenance

Tesla’s Electric Vehicle Revolution: A Brief History

Tesla Motors, founded in 2003, wasn’t the first company to make electric cars, but it sure revolutionized them. Before Tesla, EVs were often seen as sluggish, impractical, and, let’s face it, a bit dull. Then came the Tesla Roadster in 2008, a sleek, head-turning sports car that could go from 0 to 60 mph in a neck-snapping 3.7 seconds, silencing the naysayers and making electric cool! 😎

Tesla’s mission went beyond just building EVs; they wanted to accelerate the world’s transition to sustainable energy. And they did it with style and innovation, inspiring a whole new generation of electric car companies. 🌎

From the groundbreaking Roadster to the mass-market Model 3, Tesla has consistently pushed the boundaries of electric vehicle technology, performance, and design. They’ve changed the automotive landscape forever, proving that electric cars can be sexy, powerful, and desirable.

Want to dive deeper into the captivating world of car brands? Explore our Car Brand Histories section! 📖

Tesla Model 3: The Most Affordable Tesla?

The Tesla Model 3 needs no introduction. It’s the car that made Tesla a household name and brought electric driving to the masses. But is it the cheapest Tesla? Let’s find out. 👇

Tesla Model 3 Trim Levels and Features

The Model 3 comes in three main trim levels, each with its own unique set of features and, of course, price tag.

• Model 3 Rear-Wheel Drive: The entry-level Model 3 offers an impressive range of up to 272 miles on a single charge. It’s no slouch either, with a 0-60 mph time of 5.8 seconds. This is the one to get if you’re on a budget but don’t want to compromise on style or performance.
• Model 3 Long Range: As the name suggests, this model boasts an extended range of up to 333 miles, perfect for road trips and long commutes. It’s also quicker than the base model, sprinting to 60 mph in just 4.2 seconds.
• Model 3 Performance: This is the Model 3 for speed demons. 😈 With a mind-blowing 0-60 mph time of 3.1 seconds, it’s one of the quickest production cars on the planet. It also gets a performance-tuned suspension, brakes, and a top speed of 162 mph.

Tesla Model 3 Pros and Cons

Here’s a quick rundown of the Model 3’s strengths and weaknesses:

✅ Pros:

• Long Range: Even the base model offers impressive range.
• Performance: All Model 3s are quick, and the Performance model is simply bonkers.
• Sleek Design: The Model 3 is a head-turner, with a minimalist interior and a sleek exterior.
• Supercharger Network: Access to Tesla’s extensive Supercharger network makes long-distance travel a breeze.
• Tech-Forward: The Model 3 is packed with technology, from its massive touchscreen to its advanced Autopilot system.

❌ Cons:

• Build Quality: While it’s improved over the years, some early Model 3s suffered from quality control issues.
• No Apple CarPlay or Android Auto: Tesla marches to the beat of its drum, so no smartphone integration here.
• Price: While the Model 3 is the most affordable Tesla, it’s still not cheap compared to gasoline-powered cars in its class.

User Review: “I’ve had my Model 3 for two years now, and I still get excited every time I get behind the wheel. The range is incredible, the performance is addictive, and the technology is light years ahead of anything else out there. ” – John S., Tesla Model 3 owner

Interested in the power of the Tesla Model 3? You can read more about it in our dedicated article “Is the Tesla Model 3 Powerful?“

Tesla Model Y: The Practical and Popular Choice

The Tesla Model Y is a compact SUV that combines the practicality of a hatchback with the performance and technology of a Tesla. It’s become incredibly popular, often outselling the Model 3.

Why Choose a Model Y?

• More Space: The Model Y offers more headroom and cargo space than the Model 3, making it a great option for families or anyone who frequently hauls cargo.
• Optional Third Row: You can even get the Model Y with an optional third row, although it’s a bit cramped for adults.
• Higher Driving Position: Some drivers prefer the higher driving position of an SUV, which provides better visibility.
• Similar Range and Performance: The Model Y shares its powertrain options with the Model 3, so expect similar range and performance figures.

Is the Model Y Right for You?

If you need the extra space and practicality of an SUV and can swing the slightly higher price tag, the Model Y is an excellent choice. But if you prioritize affordability and don’t need the extra room, the Model 3 is still the more budget-friendly option.

User Review: “We love our Model Y! It’s the perfect size for our family, and we never have to worry about range anxiety. Plus, it’s just so much fun to drive!” – Sarah M., Tesla Model Y owner

Tesla Model S: The Flagship Sedan

The Tesla Model S is a luxury sedan that needs no introduction. It was Tesla’s first mass-market car (if you can call a $80,000+ car “mass-market”), and it’s still one of the most desirable EVs on the road.

Model S: Luxury and Performance Redefined

The Model S is known for its luxurious interior, blistering performance, and long range.

• Plaid Power: The top-of-the-line Model S Plaid is an absolute rocket ship, boasting a 0-60 mph time of just 2.1 seconds. That’s faster than many supercars!
• Yoke Steering: The Model S also features a controversial yoke steering wheel, which takes some getting used to.

Is the Model S Worth the Price?

The Model S is a fantastic car, but it’s also very expensive. If you’re looking for the cheapest Tesla, this isn’t it. But if you want a luxury sedan that makes a statement and offers unparalleled performance, the Model S is in a league of its own.

User Review: “The Model S is a dream car come true. It’s luxurious, it’s fast, and it turns heads wherever I go. I couldn’t be happier with it.” – Mark D., Tesla Model S owner

Tesla Model X: The Luxurious SUV

The Tesla Model X is a luxury SUV that’s as practical as it is stylish. It’s packed with unique features, including those eye-catching falcon-wing doors.

Model X: Falcon Wings and Family Fun

The Model X is a head-turner, with its falcon-wing doors that make it look like it’s about to take flight. It’s also incredibly spacious, with seating for up to seven passengers.

• Family-Friendly Features: The Model X is packed with family-friendly features, like a HEPA air filtration system and a “Bioweapon Defense Mode” that’s designed to protect occupants from harmful air pollutants.
• Off-Roading? Not So Much: While the Model X is available with all-wheel drive, it’s not really designed for serious off-roading.

Model X: Price and Considerations

Like the Model S, the Model X is a pricey proposition. But if you’re looking for a luxurious and unique SUV that can ferry your family in style and comfort, it’s worth a look.

User Review: “We love our Model X! The falcon-wing doors are amazing, and the car is so spacious and comfortable. We’ve taken it on several road trips, and it’s never let us down.” – Jennifer L., Tesla Model X owner

Tesla Prices at a Glance: A Comparison

Let’s be real, talking about Tesla prices can be as unpredictable as the weather. Tesla has a history of changing prices frequently, sometimes even overnight!

But, to give you a general idea, here’s a very rough estimate (as of very late 2023) of starting prices for each Tesla model:

Tesla Model	Starting Price (Estimated, Very Late 2023)
Tesla Model 3 Rear-Wheel Drive	Around $40,000
Tesla Model 3 Long Range	Around $48,000
Tesla Model 3 Performance	Around $54,000
Tesla Model Y Long Range	Around $50,000
Tesla Model Y Performance	Around $58,000
Tesla Model S	Around $88,000
Tesla Model X	Around $98,000

Keep in Mind:

• These prices do not include any potential savings from tax credits, incentives, or discounts.
• Prices can vary depending on your location, options, and the ever-changing Tesla market.
• It’s always best to check Tesla’s website or visit a local Tesla store for the most up-to-date pricing information.

Tesla’s Pricing Strategy: Factors Influencing Costs

Why does Tesla change prices more often than some people change their socks? 🤔 It’s all part of their unique pricing strategy, which is influenced by a variety of factors, including:

• Demand: Tesla adjusts prices based on demand. If a particular model is selling like hotcakes, expect the price to go up.
• Production Costs: Fluctuations in the cost of raw materials, like lithium for batteries, can impact Tesla’s production costs, which can, in turn, affect prices.
• Competition: Tesla keeps a close eye on the competition. If a rival EV maker drops its prices, Tesla might follow suit to stay competitive.
• Software Updates: Unlike traditional carmakers, Tesla constantly updates its vehicles with new software features. These updates can sometimes come with price adjustments.

The Bottom Line: Tesla’s pricing strategy is designed to maximize profits while staying ahead of the competition. It can be frustrating for consumers, but it’s all part of Tesla’s unique approach to selling cars.

Tesla Incentives and Rebates: Saving Money on Your Electric Ride

Buying a Tesla can put a dent in your wallet, but there are ways to soften the blow! Several incentives and rebates can help make your electric dream a bit more affordable. 💰

Federal Tax Credit:

• The federal government offers a tax credit of up to $7,500 for eligible electric vehicles, including some Tesla models.
• Important Note: Not all Tesla models qualify for the full tax credit, and eligibility requirements can change. It’s crucial to check the latest IRS guidelines and consult with a tax professional.

State and Local Incentives:

• Many states and local governments offer their incentives for purchasing or leasing electric vehicles.
• These incentives can include tax credits, rebates, discounts on charging equipment, and even access to carpool lanes.

Tesla Discounts:

• Tesla occasionally offers discounts and promotional offers, so it’s always a good idea to check their website or contact a Tesla store for the latest deals.

Pro Tip: Do your research and explore all available incentives and rebates before purchasing your Tesla. These savings can add up quickly! You can find more information on our Auto Industry News page.

Hidden Costs of Tesla Ownership: What You Need to Know

While the sticker price of a Tesla might grab your attention, it’s essential to factor in the hidden costs of ownership that can sneak up on you.

• Charging Costs: While charging your Tesla at home is typically cheaper than gassing up a conventional car, those electricity bills can still add up, especially if you drive a lot.
• Insurance: Teslas are generally more expensive to insure than traditional vehicles due to their higher repair costs and advanced technology. Shop around for the best insurance rates before buying.
• Maintenance: Teslas require less maintenance than gas-powered cars, but it’s not maintenance-free. You’ll still need to factor in costs for tires, brakes, and other wear-and-tear items.
• Software Subscriptions: Some Tesla features, like Full Self-Driving (FSD), require ongoing subscriptions. These costs can add up over time.

Don’t Be Caught Off Guard: Before you take the plunge and buy a Tesla, be sure to research and budget for these potential hidden costs.

The True Cost of Tesla Ownership: Fuel Savings and Maintenance

Yes, there are hidden costs to owning a Tesla. But before you write off the idea altogether, let’s flip the script and look at the potential savings!

• Fuel Savings: Say goodbye to those dreaded trips to the gas station! Charging a Tesla is significantly cheaper than filling up a gas tank, especially with rising fuel prices. Over time, these fuel savings can really add up.
• Reduced Maintenance Costs: Teslas have fewer moving parts than gasoline-powered cars, so you’ll save on oil changes, tune-ups, and other maintenance costs associated with internal combustion engines.

But hold on…

• Battery Replacement: While Tesla batteries are designed to last a long time, they will eventually need to be replaced. Battery replacement can be a significant expense, so it’s essential to factor this into the total cost of ownership.

The Verdict:

Determining the true cost of Tesla ownership requires careful consideration of your driving habits, charging options, maintenance needs, and potential battery replacement costs. It’s a complex equation, but with careful planning and research, you can make an informed decision that aligns with your budget and lifestyle.

Tesla’s Future: Upcoming Models and Price Predictions

Tesla is always pushing the boundaries of EV technology and introducing exciting new models. Here’s a sneak peek at what’s on the horizon:

• Cybertruck: This futuristic pickup truck looks like something out of a sci-fi movie. With its angular design and claimed bulletproof windows, the Cybertruck is sure to turn heads. Production is rumored to begin in late 2023.
• Tesla “Model 2”: Rumors have been swirling about a more affordable Tesla, often referred to as the “Model 2.” This compact hatchback could have a starting price well below the Model 3, making Tesla ownership accessible to a wider audience.
• Next-Generation Roadster: The original Tesla Roadster was a game-changer. Now, Tesla is working on a next-generation Roadster that promises even more breathtaking performance.

Price Predictions:

Predicting Tesla prices is about as accurate as predicting the weather in a hurricane. However, we can speculate that:

• Cybertruck: Expect a starting price higher than the Model 3 but likely lower than the Model S.
• “Model 2”: If Tesla can keep its promise of a more affordable model, a starting price below $30,000 is not entirely out of the question.
• Next-Generation Roadster: As a high-performance halo car, the next-generation Roadster will likely command a hefty price tag, potentially over $200,000.

Keep in mind that these are just educated guesses. Tesla’s pricing strategy can be as unpredictable as Elon Musk’s Twitter feed. 😅

Is a Tesla Worth the Price? Weighing the Pros and Cons

So, you’re considering joining the Tesla club. It’s a big decision, and it all boils down to one question: Is a Tesla worth the price?

Pros:

• Performance: Teslas are renowned for their blistering acceleration and impressive performance capabilities.
• Technology: From the massive touchscreens to the advanced Autopilot system, Teslas are packed with cutting-edge technology.
• Sustainability: Driving electric is good for the environment, reducing your carbon footprint and reliance on fossil fuels.
• Style: Teslas have a distinct, futuristic, and minimalist design that sets them apart from the crowd.
• Supercharger Network: Tesla’s extensive Supercharger network makes long-distance travel convenient and stress-free.

Cons:

• Price: Teslas are expensive, even the more “affordable” models.
• Potential Hidden Costs: Don’t forget about those hidden costs like charging, insurance, and potential battery replacement down the road.
• Build Quality: While Tesla’s build quality has improved over the years, there have been reports of inconsistent panel gaps and other issues.
• Autopilot Reliance: While Autopilot is an impressive system, it’s essential to remember that it’s not fully autonomous driving. Drivers must remain attentive and ready to take control at a moment’s notice.
• Limited Service Centers: Tesla’s service network is not as extensive as some traditional carmakers, which can be an issue if you need repairs.

Our Verdict?

Whether or not a Tesla is worth the price is a deeply personal decision that depends on your individual circumstances, priorities, and budget. There’s no one-size-fits-all answer.

If you’re looking for the cheapest way to get behind the wheel of an EV, there are more affordable options out there. But if you’re willing to pay a premium for Tesla’s performance, technology, sustainability, and brand cachet, then a Tesla might be the perfect car for you.

To explore more about the exciting world of cars and compare different brands, head over to our Car Brand Comparisons section! If you’re interested in seeing a list of all the car brands we’ve covered, our Car Brand Lists page is a great place to start.

Conclusion

Ultimately, finding the cheapest Tesla is about more than just the sticker price. It’s a journey of research and consideration, carefully weighing the pros and cons, and deciding which model and trim level best fit your budget and needs.

While the Tesla Model 3 Rear-Wheel Drive might be the most affordable option, don’t forget to factor in charging costs, insurance, and potential maintenance expenses. Remember, a Tesla’s price tag can be influenced by demand, production, and even software updates. But, don’t let that discourage you! 💪

Remember, owning a Tesla can be an exciting adventure. You’ll be at the forefront of electric vehicle technology, with a sleek car that’s fun to drive and turns heads.

Let us know in the comments below: which Tesla model is your dream ride?

Recommended Links

• Model 3: Tesla | TrueCar | Edmunds | Autotrader
• Model Y: Tesla | TrueCar | Edmunds | Autotrader
• Model S: Tesla | TrueCar | Edmunds | Autotrader
• Model X: Tesla | TrueCar | Edmunds | Autotrader

FAQ

What is the Tesla’s cheapest model?

The Tesla Model 3 Rear-Wheel Drive is currently the most affordable Tesla model. It provides an impressive balance of range, performance, and technology at a more accessible price point compared to other Tesla models.

Is the Tesla Model 3 Rear-Wheel Drive actually cheaper than other Teslas?

While the starting price for the Model 3 Rear-Wheel Drive is the lowest, remember that Tesla prices can change frequently, and options can significantly increase the final cost. It’s always a good idea to check Tesla’s website for updated pricing information and build your ideal model with the options you desire.

Read more about “Which Tesla Model is the Cheapest? …”

How much is a Tesla monthly payment?

Tesla monthly payments depend on a lot of factors: the specific model you choose, the trim level, your down payment, the interest rate you secure, and your loan term.

What’s the best way to figure out my monthly Tesla payment?

The easiest way to estimate a monthly payment for a Tesla is to use a car loan calculator. You can find these calculators online, often provided by financial institutions, car dealers, or automotive websites. Just input the relevant information, such as the purchase price, down payment, interest rate (which could vary depending on your credit score), loan term, and any additional fees.

How long will a Tesla last?

Teslas, like all cars, have a lifespan, but they’re known for their long-lasting components and durable build. It’s hard to pinpoint a specific number of years, as it depends on factors like driving habits, maintenance, and how well the battery ages.

What can affect a Tesla’s lifespan?

• Battery Health: The lifespan of the battery is a crucial factor in a Tesla’s overall longevity. Proper care and maintenance can help extend the battery’s life.
• Maintenance: Regular maintenance, including routine inspections, can help to prevent issues that could shorten the car’s life.
• Driving Habits: Aggressive driving can put extra stress on the components, potentially reducing the car’s lifespan.

Read more about “Tesla Model 3 …: The Electric Sedan That’s Evolving With You ⚡️”

Which Tesla is better, 3 or Y?

The “better” Tesla between the Model 3 and Model Y depends entirely on your individual needs and preferences.

What are the main differences between the Tesla Model 3 and Model Y?

• Space and Practicality: The Model Y offers more cargo space, a higher driving position, and an optional third row seat, making it a practical choice for families or those who need extra hauling capacity. The Model 3 is more compact and agile.
• Performance: The Model 3 and Model Y share many powertrain options, so their performance is quite similar.
• Price: The Model 3 is generally more affordable than the Model Y.

Ultimately, the “better” Tesla is the one that best meets your specific needs and budget.

Read more about “🚘 The Ultimate Car Brand List: 100+ Brands From Around the World …”

Reference Links

• Tesla: https://www.tesla.com/
• How Long Does a Tesla Battery Last? https://ev-lectron.com/blogs/blog/how-long-does-a-tesla-battery-last#:~:text=What%20is%20the%20life%20expectancy,can%20offer%20a%20useful%20guideline.