The Downside To Buying A Standard Model 3
Many customers think the standard Model 3s $35,000 price tag is too good to be true. And theyre somewhat right. Tesla no longer sells its standard Model 3 online.
To purchase this vehicle, you have to visit a Tesla store or place your order over the phone. Keep in mind that Tesla has shuttered many of its physical stores, so an over-the-phone order may be your only option today.
But for customers who prefer online ordering, there is good news. The Tesla Group sells a slightly more expensive Model 3 the Standard Range Plus starting at $37,990. This vehicle is also available to lease for $329 per month.
Prices For All 2022 Tesla Models
Note: This article has been updated to reflect the price increases of June 2022.
Thanks to their high-performing electric vehicles , Tesla has single-handedly proven that electric cars can be exciting, desirable, and affordable.
Read on to find out what it costs to buy, customize, charge, and maintain a Tesla in 2022.
Electric Cars Cheaper Than The Least Expensive Tesla
Tesla once proudly boasted about a $35,000 fully electric sedan. Those days are long gone. Now the cheapest Tesla is the standard range Model 3, which starts at $43,990.
Last weekend, most Tesla models bumped up in price . And, on Wednesday, Tesla prices also went up in Germany and China.
That doesn’t mean affordable EVs are out of reach. Beyond Tesla, EVs from Chevy to Nissan can be had for under $40,000, and they offer plenty of range, power, and other features even if there’s no Dog or Sentry Mode available.
Here are the EVs a more budget-friendly driver might consider.
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Tesla Model 3 Performance: $62990
After a series of price increases, the Tesla Model 3 Performance now costs over $60,000, but still runs less than a Model Y Long Range. However, the Model 3 Performance remains one of the best overall performing EVs for the price. Zero to sixty takes just 3.1 seconds, and it can achieve a top speed of 162 mph. As these performance figures are impressive for any car, the Model 3 Performance is a five-seater sedan with a 315-mile range. However, the BMW i4 M50 should challenge the Model 3 Performance’s prominence.
- Range: 315 miles
Smaller And Cheaper Tesla Model 2 Priced At Half Of The Model 3 Platform Cost Is Finally In Development
After putting the long-teased affordable Tesla model on the backburner in order to finish the development of the Cybertruck electric pickup and the Semi long-haul vehicle, Tesla is finally embarking on the quest to make the sub-US$30,000 electric car it has been promising for a while. Well, at the beginning Elon Musk was promising a $25,000 vehicle, but then came inflation and supply chain snags.
The cheapest Tesla will be built on a new platform, teased Elon Musk during the latest earnings call, that will be gunning to reach half of the Model 3’s production costs. Since the Model 3 is currently the cheapest Tesla, the Model 2 or whatever it gets named would have to start in the $25,000-$30,000 range to have a shot at a mass market adoption.
“Obviously, were going to take everything we learned from S, X, 3, Y, Cybertruck and Semi into that platform,” implied Elon Musk and added that Tesla is on a “2-for-1 target” meaning that it will be trying to halve the new platform costs to produce a vehicle. The purported Model 2 “will be smaller, to be clear,” warned Tesla’s CEO, but will be the EV pioneer’s first mass market vehicle and will probably outsell “all of Teslas other vehicles combined.”
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Reliability Of A Tesla Model 3
The Model 3 along with all Teslas other cars is too new for there to be much meaningful reliability data available. Whats more, the fact many upgrades can be applied through online software updates means some issues can be remedied quickly and without any inconvenience. The battery and drive unit are protected by an eight-year/100,000-mile warranty , while the rest of the car has a four-year/50,000-mile warranty. Tesla operates an as-needed policy for servicing, and points out that its cars dont need oil or air filter changes, while regenerative braking reduces brake wear.
How Much Does A Used Tesla Cost
In 2022, a used Tesla vehicle ranges in cost from $32,000 $140,000 depending upon the specific model, condition, and options.
Obviously, used Tesla vehicles with lower mileage and newer model years will be more expensive than older, higher mileage vehiclesbut features and hardware versioning come into play as well.
For example, in fall 2016 Tesla released the hardware for Autopilot 2.0 which is Full Self-Driving capable. So, vehicles manufactured after this date tend to have better resale value than those manufactured before it .
Generally speaking, a used Model S/X will cost more than a used Model 3/Y, with a used original Roadster price falling closer to the S/X range.
If youre looking for the cheapest used Tesla, youll want to search for a pre-owned Model 3 or an older Model S as they typically represent the lowest-priced vehicles in the Tesla world.
If you want a Tesla under $30,000, youre almost exclusively looking at an older Model S with over 100,000 miles at this point .
To look at even more specific pricing, lets jump into the following sections and break down Tesla vehicle prices by model .
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How Much Can You Save Buying A Used Tesla
If you want to save money and get a Tesla right away, the used market is a good option. However, youre not likely to find a used Model 3 for less than $35,000, unless it has asalvage title. Used Model 3s typically start around $40,000, though most cost more. The car isnt very old, and the cheapest versions havent been around for that long, so there arent many on the used market.
The Tesla Model S has been around since 2012, so there are plenty of used versions available. If youre willing to buy one with over 100,000 miles, you could spend as little as $20,000, though $30,000 could get you a first-generation Model S in good condition with reasonably low miles. Tesla updated the Model S in April 2016, so models built since then look virtually the same as todays Model S. Used second-generation Model S sedans sell for a minimum of about $40,000.
The Model X came to market at the end of 2015. Used models start around $50,000. Since the Tesla Model Y just launched last year, used models are hard to come by.
Tesla Model 3 Interior And Exterior Features
Although on the outside the Model 3 will be a similar size to other compact executive saloons, inside there is more room available thanks to space saved by not needing a combustion engine. 5 adults can be seated comfortably and there is plenty of storage at the front and rear. Swooping lines create a flowing body shape with no grille openings.
To add to the feeling of space the entire roof is constructed using a single pane of glass, creating an open and light interior. A large 15 tablet style touch screen display provides control in the centre of the dashboard. On-the-go internet connectivity comes as standard across the range, including a 4-year warranty.
There are 5 exterior colours available for buyers, including the standard solid black . For an extra cost, you can choose from the existing exterior paint jobs: Midnight Silver and Deep blue for £950, or Multi Cult Red for and Pearl White for double the price .
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X Tesla Hatchback: ~$35000
Last but certainly not least is the heavily-rumored Tesla hatchback. While theres very little known about it, its rumored to take the form of a compact hatchback, likely with four doors. It appears to directly take on the Chevrolet Bolt and a variety of European hatchbacks like the ID.3. Since its a Tesla, expect a rear motor setup and enough horsepower to get it to sixty in under six seconds or so.
- Range: 250+ miles
- Acceleration: 0-60 in < 6.0 seconds
How Much Does A Tesla Roadster Cost
In 2022, a new Tesla Roadster ranges in cost from $200,000 $250,000 and requires a $5,000 deposit.
The $200,000 Roadster requires a $45,000 wire payment due within 10 days, and the $250,000 Founders Series Roadster requires a $245,000 wire payment due within 10 days.
Used Tesla Roadsters range in model year from 2008 2012 and generally range in cost from $74,000 $330,000 depending upon condition, mileage, and other factors .
As new Tesla Roadsters are manufactured and enter the marketplace, these prices will change, but for now this is the price range that applies.
Tesla Roadsters in this model year range are quite rare and highly sought after as the production numbers are quite low, so you can expect to pay a premium to own a drivable piece of Tesla history!
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Tax Credit For Teslas
For Tesla cars to qualify for the full $7,500 tax credit under the Inflation Reduction Act, the company must eventually abide by sourcing requirements for batteries. Minerals and other components used to make EV batteries must primarily come from North America.
The federal tax credit of up to $7,500 for electric and hybrid vehicles was phased for some models that reached certain sales thresholds. Under the Inflation Reduction Act, those models now qualify, however now more expensive models do not. Buyers must meet certain income limits as well.
The $7,500 tax credit applies to new vehicles. Used vehicles may receive a tax credit of up to $4,000 or 30% of the sales price, whichever is less. More expensive electric vehicles, such as the Model X and Model S do not qualify for a tax credit. Sedans may cost no more than $55,000 and trucks and SUVs may cost no more than $80,000 to qualify.
Finally, you must meet income requirements to receive the tax credit. You can’t earn a modified adjusted gross income above $150,000 as a single filer, $225,000 if you’re filing as head of household, or $300,000 for those filing jointly.
Running Costs For A Tesla Model 3
The Model 3 isn’t cheap but it makes the prospect of owning a Tesla a realistic possibility for many more people. In fact, the Model 3 costs much the same as an Audi A4 or BMW 3 Series with equivalent performance, and its not a huge stretch from a top-spec Nissan Leaf to the basic Model 3, though it gets considerably more expensive as you progress up the range. Whichever version you go for, running costs will be low. Charging will depend on where and when you top up but will be a fraction of what youd pay in a petrol or diesel car. As a pure EV the Model 3 is exempt from emissions-based congestion zones and VED , while company car tax is zero for the 2020/21 tax year and rises to a negligible two per cent from 2022. The Model 3 can use standard or fast-charge public chargers, as well as its own extensive network of rapid-charge Superchargers. Residual values for the Model 3 should be nothing short of stellar, since its one of the most in-demand cars of recent times. Thats good news for finance and lease deals, which are largely based on the cars retained value.
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Tesla Cybertruck: Pricing Removed
With a similar number of flat edges as a Paper Mate pink eraser, Teslas trapezoidal oeuvre is that of any Californian Tesla enthusiast’s dream. But, like most dreams and ambitions, the Cybertruck is probably not coming anytime soon. The Cybertruck has recently been delayed to 2023, and if Tesla says something is delayed, expect that date to likely change. Plus, Tesla dropped all info on pricing, so there’s really nothing much to say about it.
- Range: 500+ miles
How Much Does A Tesla Model S Cost
Well known as one of the leading EVs available, the Model S is a popular sports car with top-end ranges and speeds to match. In terms of acceleration, the Model S can go 0-60 mph in as little as 1.99 seconds.Similar to the Model 3, buying a Model S will cost more or less depending on the model you buy and the tax credits available. Model S pricing starts at $137,190, and the company offers two car variations that you can choose from: the Model S, and the Model S Plaid. The more expensive of the twothe Model S Plaidhas tri-motor all-wheel drive and has a top speed of 200 miles per hour.
Tesla Model S product line: drivetrain, price, range and top speed
|TESLA MODEL S PRODUCT|
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Service & Maintenance Costs
This is another area where the way you drive your car and how well you look after it ultimately dictates your expenditure. According to Consumer Reports, owners of electric vehicles and plug-in hybrids spend around half as much on repairs and maintenance than owners of vehicles powered by internal combustion engines.
What Is The Cheapest Tesla For 2022
The 2022 Tesla Model 3 has an official starting price of $46,990 for its base rear-wheel drive trim. This makes it the cheapest Tesla car currently offered. The Model 3 is Teslas cheapest vehicle.
How much is a Tesla battery 2022?
The Tesla Powerwall in 2022 costs $11,050, but theres a catch. You also will need to purchase the Tesla solar battery supporting hardware, which adds another $1,700, giving you a total Tesla Powerwall price of $12,750.
How much does it cost to charge a Tesla at a charging station 2022?
No, it isnt free to charge a Tesla at a charging station. Charging your Tesla at a Supercharger comes with a price, typically around 26 cents per kWh. This is often more expensive than using a different means of charging, such as a 120-volt or 240-volt outlet.
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How Much Is A Tesla Semi
Tesla’s Semi, which has already received orders from companies like Walmart and J.B. Hunt, is expected to start around $150,000. Founders Series models are expected to go for around $200,000. Here again, an exact on-sale date has not been announced. But Tesla says the first Semi deliveries are expected to take place in 2021.
How Much Does A Tesla Model X Cost
For most Tesla fanatics, their primary interest has long been around the companys Model S sedan. That changed at the end of 2015 when Tesla released its highly anticipated SUV offering, the Model X. Though the Model X is often marketed as an electric SUV, its size more closely resembles a compact crossover like a Subaru Forrester or Toyota Corolla. The Model X is the fastest sport utility vehicle in the automobile industry the Plaid model can reach 60 mph in a mere 2.5 seconds!
A new Model X starts at a base price of $122,190 and comes in two versions: Model X and the Model X Plaid.
Tesla Model X product line: drivetrain, price, range and top speed
|TESLA MODEL X PRODUCT|
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Cost To Drivecost To Drive Estimates For The 2022 Tesla Model 3 Long Range 4dr Sedan Awd W/prod End 08/22 And Comparison Vehicles Are Based On 15000 Miles Per Year And Energy Estimates Of $013 Per Kwh For Electricity And $391 Per Gallon Average In North Dakota
Tesla isn’t the only automaker offering compelling electric cars these days, however. The Ford Mustang Mach-E stands out with its sporty performance and useful cargo area, while the all-new BMW i4 is a proper luxury sport sedan that just happens to be an EV. That said, Tesla’s early start has given the company a boost when it comes to the entire package. The Model 3 is still a hugely compelling sedan, and despite some of our frustrations with less-than-advertised range and cumbersome tech, it’s well worth a look if you’re in the market for an electric vehicle. Check out our test team’s Expert Rating for our in-depth evaluation of the Model 3’s performance, range and more.
The Affordable Tesla Model Isapparentlyback On
Elon Musk revives talk of a small EV with half the cost of the Model 3 and Model Y platform.
- Tesla CEO Elon Musk mentioned his company’s next prospective model, which would be positioned below the Model 3/Y in price, will exceed all other models combined in production volume.
- The company previously floated the idea of a $25,000 Tesla model, which was planned to be produced in China, but has since shelved the project.
- Tesla is now once again working on a new platform for a smaller EV, which it seeks to produce at half the cost of the Model 3/Y.
The rumored $25,000 Tesla model was one of the most anticipated projects the company claimed to have been working on even before the Model 3 became a $47,000 car. The project, mentioned by Tesla CEO Elon Musk in 2021, appeared to have gotten as far as a Tesla styling studio in China where the company hoped to produce the car starting in 2023.
“About three years from now, we’re confident we can make a very compelling $25,000 electric vehicle that’s also fully autonomous,” Musk indicated in 2020.
The project had then been shelved sometime in early 2022, with Tesla focusing on getting the Cybertruck and the Semi into production in addition to opening new plants overseas.
The Model 2, as it is sometimes known in Tesla watcher circles and as seen in our rendering above, now appears to be back on the drawing board, but without a clear timeline.
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