Which Tesla Model is the Cheapest? [2024]

Are you considering buying a Tesla but want to know which model is the most affordable? Look no further! In this article, we’ll explore the different Tesla models and determine which one is the cheapest. Whether you’re a budget-conscious buyer or simply curious about Tesla’s pricing, we’ve got you covered. So, let’s dive in and find out which Tesla model fits your budget!

Quick Answer

The cheapest Tesla model currently available is the Tesla Model 3, with a base price of $42,990. However, it’s important to note that additional customization options and upgrades can increase the overall cost. If you’re looking for a more luxurious option, the Tesla Model S and Model X have higher price points, starting at $94,990 and $109,990 respectively. The recently released Tesla Model Y is also an affordable option, with prices ranging from $54,990 to $58,990.

Quick Tips and Facts

The Tesla Model 3 is the most affordable Tesla model, starting at $42,990.
The Tesla Model S and Model X are more expensive, with base prices of $94,990 and $109,990 respectively.
The Tesla Model Y is a mid-range option, with prices ranging from $54,990 to $58,990.

Additional customization options and upgrades can increase the overall cost of any Tesla model.
Tesla vehicles are eligible for federal EV tax credits and may qualify for state or local incentives.
Tesla owners typically experience low maintenance costs and fuel savings compared to gas-powered luxury vehicles.

Background: A Quick History of Tesla’s Models

Before we dive into the pricing details, let’s take a quick look at the history of Tesla’s models. Tesla currently offers four commercially available car models: the Tesla Model S, Tesla Model X, Tesla Model 3, and Tesla Model Y. Each model has its own unique features and price points, catering to different budgets and preferences.

Now, let’s explore each Tesla model in more detail and find out which one is the cheapest.

How Much Does a Tesla Model 3 Cost? The Cheapest Tesla Car

The Tesla Model 3 is the most affordable Tesla model currently available. It has gained immense popularity due to its affordability and impressive range. The base price of the Tesla Model 3 is $42,990, making it an attractive option for budget-conscious buyers.

The Model 3 comes in three versions: Standard, Long Range, and Performance. The Standard Range version offers a driving range of 272 miles, while the Long Range and Performance versions provide a range of 358 miles. The Long Range version starts at $49,990, while the Performance version starts at $59,990.

It’s worth noting that the base price of the Model 3 does not include additional customization options and upgrades. If you choose to add features like paint changes, interior upgrades, or self-driving capabilities, the overall cost can increase by up to $19,000.

How Much Does a Tesla Model S Cost?

If you’re looking for a more luxurious option, the Tesla Model S might be the right choice for you. The Model S is Tesla’s flagship sedan, known for its sleek design and impressive performance. However, it comes with a higher price tag compared to the Model 3.

The base price of the Tesla Model S is $94,990. This premium electric sedan offers a range of 405 miles and can accelerate from 0 to 60 mph in just 3.1 seconds. The Model S is equipped with advanced features and cutting-edge technology, making it a top choice for luxury car enthusiasts.

How Much Does a Tesla Model X Cost?

If you prefer an SUV-style vehicle, the Tesla Model X might be the perfect fit for you. The Model X combines the practicality of an SUV with the performance and efficiency of an electric vehicle. However, like the Model S, it comes with a higher price point.

The base price of the Tesla Model X is $109,990. This premium electric SUV offers a range of 360 miles and can seat up to seven passengers comfortably. The Model X features unique Falcon Wing doors and advanced safety features, making it a standout option in the SUV market.

How Much Does a Tesla Model Y Cost?

The Tesla Model Y is the newest addition to Tesla’s lineup. It is a compact SUV that shares many components with the Model 3, making it more affordable compared to the Model S and Model X.

The base price of the Tesla Model Y is $54,990 for the Long Range version and $58,990 for the Performance version. The Model Y offers a range of 326 miles for the Long Range version and can accelerate from 0 to 60 mph in just 3.5 seconds for the Performance version. With its spacious interior and practical design, the Model Y is a great option for those looking for a versatile electric SUV.

Prices and Information for Future Tesla Vehicles

In addition to the currently available models, Tesla has also previewed future models that are yet to be released. These include the highly anticipated Tesla Roadster and Tesla Cybertruck.

The Tesla Roadster is a high-performance electric sports car with impressive specifications. The reservation price for the Roadster starts at $50,000, making it an aspirational choice for sports car enthusiasts.

The Tesla Cybertruck is an all-electric pickup truck that boasts a futuristic design and robust capabilities. The reservation price for the Cybertruck starts at $50,000, offering a unique option for those in need of a versatile and powerful electric truck.

Other Tesla Car Costs to Consider

When purchasing a Tesla, it’s important to consider additional costs beyond the base price of the vehicle. These costs can include taxes, fees, charging costs, service and maintenance costs, and insurance.

Taxes and Fees: Depending on your location, you may be subject to sales tax, registration fees, and other taxes and fees when purchasing a Tesla.
Charging Costs: While charging your Tesla at home can be cost-effective, public charging stations may have varying costs. It’s important to consider the availability and cost of charging stations in your area.

Service and Maintenance Costs: Tesla vehicles generally require less maintenance compared to gas-powered vehicles. However, it’s still important to budget for routine maintenance and potential repairs.
Insurance: The cost of insuring a Tesla can vary depending on factors such as your location, driving history, and coverage options. It’s recommended to obtain insurance quotes to get an accurate estimate of the cost.

EV Incentives and Tax Breaks for Tesla Cars

One of the advantages of purchasing an electric vehicle, including a Tesla, is the potential eligibility for federal EV tax credits and state or local incentives. These incentives can help offset the cost of purchasing an electric vehicle and make it more affordable.

The federal government offers a tax credit of up to $7,500 for electric vehicle purchases. However, it’s important to note that the tax credit is subject to phase-out once a manufacturer reaches a certain number of electric vehicle sales. As of now, Tesla is no longer eligible for the full $7,500 tax credit, but it may still qualify for a reduced amount.

Additionally, many states and local governments offer their own incentives for electric vehicle purchases. These incentives can include rebates, tax credits, or reduced registration fees. It’s recommended to check with your local authorities to see if you qualify for any incentives when purchasing a Tesla.

Frequently Asked Questions About Tesla’s Car Options

How much is the cheapest Tesla model?

The cheapest Tesla model currently available is the Tesla Model 3, with a base price of $42,990.

How much is a Tesla Model 2?

As of now, Tesla has not released a Model 2. The currently available models are the Model S, Model X, Model 3, and Model Y.

Is Tesla cheaper than gas?

In the long run, owning a Tesla can be more cost-effective compared to a gas-powered vehicle. Tesla owners typically experience lower maintenance costs and fuel savings due to the efficiency of electric vehicles. However, the upfront cost of purchasing a Tesla may be higher compared to some gas-powered vehicles.

What is the smallest Tesla model?

The smallest Tesla model currently available is the Tesla Model 3. It is a compact sedan that offers a balance of affordability, range, and performance.

Conclusion

After exploring the different Tesla models and their prices, it’s clear that the Tesla Model 3 is the most affordable option. With a base price of $42,990, the Model 3 offers an impressive range and performance at a competitive price point. However, if you’re looking for a more luxurious option, the Model S and Model X provide premium features and higher price points.

When considering purchasing a Tesla, it’s important to factor in additional costs such as customization options, taxes, fees, charging costs, service and maintenance costs, and insurance. Additionally, be sure to explore potential EV incentives and tax breaks that can make owning a Tesla even more affordable.

Overall, Tesla offers a range of models to suit different budgets and preferences. Whether you’re looking for an affordable electric sedan or a luxurious SUV, Tesla has options for you. So, take your time, do your research, and find the Tesla model that fits your needs and budget.