Tesla Car Prices Updated Today

Tesla is one of the most popular electric vehicle manufacturers. With sleek designs and impressive performance, Teslas have captured the imagination of drivers around the world. But these premium electric cars come at a premium price point. So how much does a Tesla cost?

In this comprehensive guide, we’ll take a detailed look at Tesla pricing across their current model lineup. We’ll break down base price, options, incentives, taxes and more so you can understand precisely how much you’ll pay for any Tesla vehicle.

Tesla Model Lineup and Base Prices

Tesla currently offers three consumer vehicle models in their lineup:

• Tesla Model 3 — Tesla’s lowest priced and best-selling model
• Tesla Model S — Tesla’s flagship luxury sedan
• Tesla Model X — Tesla’s luxury SUV

Additionally, Tesla offers limited quantities of the ultra-exclusive Tesla Roadster sports car.

Here are the current base prices for each Tesla model as of July 2023:

ModelBase PriceTesla Model 3$46,990Tesla Model S$104,990Tesla Model X$120,990Tesla Roadster$200,000

These base prices are for the minimum configuration of each model when ordered directly from Tesla. Pricing will be higher if purchasing through a third party dealer.

Now let’s take a more detailed look at pricing for each Tesla model.

Tesla Model 3 Price Details

The Tesla Model 3 is the most affordable model in the automaker’s lineup. This compact sedan was designed for mass-market appeal. It’s an excellent combination of range, technology, and performance at a relatively reasonable price point.

Here are some key details on Model 3 pricing:

• Base model — The rear-wheel drive Model 3 Standard Range Plus begins at $46,990 before any options, incentives, or taxes
• Dual motor AWD — The Model 3 Long Range or Performance with dual motor all-wheel drive starts at $54,990
• Full self-driving — Adding the Full Self-Driving Capability package costs $12,000
• Paint colors — Non-standard paint colors cost $1,500 for midnight silver metallic, deep blue metallic, or red multi-coat. Pearl white multi-coat costs $2,000.
• Wheels — 19" Sport or 20" Performance wheels cost an additional $1,500 and $2,500 respectively over the standard 18" Aero wheels
• Interior options — Black and white premium interior costs $1,000. Wood decor adds $1,000.
• Incentives — Qualifying buyers can claim federal tax credits of $3,750 and additional state incentives
• Taxes & fees — Sales tax, title fees, registration fees, and destination charges add roughly 10% to most orders

With options, the price of a loaded Tesla Model 3 Long Range AWD can approach $60,000 in many cases. But a more modestly equipped RWD Model 3 can be had for around $50,000 depending on incentives.

Tesla Model S Price Details

As Tesla’s flagship luxury sedan, the Model S commands a higher price tag than the smaller Model 3. With ample space, blistering performance, and high-end options, the Model S delivers a premium EV experience.

Here’s a closer look at Tesla Model S pricing specifics:

• Base model — The Model S starts at $104,990 for the rear-wheel drive Long Range trim
• Performance models — The Model S Plaid and Plaid+ start at around $130,000-$150,000 with tri-motor AWD, extreme speed, and extended range
• Premium packages — Executive rear seats cost $6,500. Massage front seats are $4,500
• Full self-driving — The Full Self-Driving Capability package costs $12,000 like Model 3
• Wheels & brakes — 21" Arachnid or 22" Turbine wheels add $5,500. Carbon ceramic brakes cost $20,000
• Interior options — Premium rear seating is $6,500. A white interior costs $2,000
• Incentives — Qualifying buyers may be eligible for a $7,500 federal tax credit
• Taxes & fees — Expect around 10% of MSRP for registration, taxes, and documentation fees

Fully loaded, a top-of-the-line Tesla Model S Plaid+ can cost over $180,000. But a more reasonably equipped Long Range model will be closer to $120,000 depending on configuration and incentives.

Tesla Model X Price Details

Similar to the Model S, the three-row Model X SUV is positioned at the higher end of Tesla’s lineup with impressive performance and more family-friendly utility.

Here are the key pricing factors to consider for the Model X:

• Base model — The dual motor Long Range Model X starts at $120,990
• Performance models — The tri-motor Model X Plaid starts around $130,000
• Seating — Six seat interior costs $6,500. Seven seats are standard.
• Full self-driving — Adding FSD to the Model X also costs $12,000
• Wheels & brakes — 22” Turbine or Onyx Black wheels add $5,500. Carbon ceramic brakes cost $20,000.
• Premium interior — Options like the white interior ($2,000), yoke steering wheel ($800), rear console ($1,000) increase luxury
• Incentives — Same as Model S, the $7,500 federal tax credit may apply
• Taxes & fees — Typical taxes, registration, and fees add around 10% to MSRP

The most expensive Model X can run over $160,000 when fully loaded. But expect most Model X purchases to land between $130,000 to $150,000 depending on configuration.

Tesla Roadster Price and Order Details

The upcoming next-generation Tesla Roadster will be in an entirely different pricing league compared to Tesla’s existing models.

As a limited-production supercar, the Roadster will start around $200,000 for the base model according to Tesla. Higher-end options could push the price over $250,000.

However, Tesla is requiring a $50,000 order deposit simply to get on the waitlist for a Roadster allocation. Total production will be capped at around 1,000 units per year once the Roadster enters production.

Given the exclusivity, six-figure price tag, and extensive waitlist, the Tesla Roadster is not intended for a mass audience like the Model 3. For deep-pocketed Tesla enthusiasts, it offers an all-electric glimpse into the supercar realm once deliveries begin in 2023.

Tax Credits and Incentives for Tesla Vehicles

In some areas, certain Tesla models may qualify for EV tax credits and additional regional incentives that effectively lower the purchase price:

• Federal Tax Credit — $7,500 credit available for Models S & X. Model 3 and Y no longer qualify. Must have federal tax liability to claim.
• State Incentives — Some states like California offer additional rebates up to $2,500 on top of federal credit.
• Local Utility Discounts — Some utility companies and municipalities offer rebates up to $1,000 for buying an EV.

Research federal tax credits, state incentives, utility rebates, and other perks before ordering your Tesla to understand the final effective cost. Some buyers may see over $10,000 in potential savings depending on their location.

These incentives bring the cost of Models S and X closer to parity with luxury gas-powered vehicles. The Model 3 becomes even more affordable for many buyers after state and utility rebates. In regions with high incentives, opting for a Tesla could be cheaper than buying certain gas-powered cars.

Estimating Your Total “Out the Door” Price

With so many factors involved, what can buyers expect to pay in total for their new Tesla when all is said and done?

Here are some ballpark ranges for total “out the door” costs on Tesla vehicles:

• Tesla Model 3 — $50,000 to $60,000 depending on configuration
• Tesla Model S — $115,000 to $185,000 depending on trim and options
• Tesla Model X — $130,000 to $160,000 for most builds
• Tesla Roadster — $200,000 to $250,000+ with deposit and all options

Keep in mind that final pricing will depend on:

• Base model (Long Range, Plaid, etc.)
• Options, wheels, and upgrades
• Self-driving package
• Taxes and fees for your state
• Available federal tax credits and state/utility incentives

The Model 3 will be the most affordable option for most buyers, with realistic pricing ranging between $50,000-$60,000 total. The Model S and Model X land solidly in luxury territory with typical pricing from $115,000 to $185,000 and $130,000 to $160,000 respectively for common builds. Meanwhile the exclusive Roadster firmly resides in the supercar realm.

Estimated Ownership Costs of a Tesla

The purchase price is just one part of total Tesla ownership costs. You’ll also want to consider:

• Insurance — Expect $100 to $200 per month for a Model 3. $200 to $400+ for Model S and Model X depending on driver history and other factors.
• Maintenance — EV maintenance is much lower overall. Rotate tires every 6–10K miles. Brakes may need replacement at the 25–30K mile mark or longer. Adhere to scheduled service bulletins.
• Charging — Home electricity costs about $10 per 1,000 miles. Supercharger rates vary by region, roughly $0.28 per kWh. Level 2 public charging costs $0.30 to $0.50 per kWh.
• Battery replacement — Very rare within the warranty period and first 150K-200K miles. $5,000 to $7,000+ out of warranty.

Factor these ownership costs into your total budget. Maintenance and charging will be much lower than gasoline. But insurance on Tesla’s performance models can be higher than average. Home charging installation may require an upfront investment as well in some cases.

Financing and Leasing Options for Tesla Vehicles

Most buyers don’t purchase cars in cash, so financing or leasing a Tesla is very common. Here are some key things to know:

• Financing — Tesla offers financing through several partner banks and credit unions. Term lengths from 36–72 months with interest rates from 3% to 8% APR depending on credit score.
• Leasing — 10,000 or 12,000 mile annual lease terms are available from Tesla’s leasing partners for qualified applicants. Down payments and monthly costs vary.
• Third Party Lenders — Many banks, credit unions, and third-party lenders also offer Tesla loans and leases with competitive rates.
• Used vehicle loans — Financing up to 72 months may be available from Tesla or other lenders for purchasing a used Tesla. Rates are normally higher than new vehicle financing.

Crunch the numbers to decide if leasing, financing, or paying cash makes the most sense for your budget. Compare Tesla rates with your own bank, credit union, or other third-party lenders as well. A pre-approval can strengthen your bargaining position before you begin the buying process.

FAQs

How much is a base Model 3?

The most affordable Tesla is the rear-wheel drive Model 3 Standard Range Plus, which starts at $46,990 before any options, incentives, or fees. With destination charges, expect to pay around $48,000 for a base Model 3.

Does Tesla offer discounts on new cars?

Tesla generally does not negotiate on pricing or offer traditional discounts on new vehicles. The prices listed on their website are fixed. However, you may be able to combine incentives like tax credits and rebates to reduce the effective purchase price.

How much does a fully loaded Model S cost?

A top-of-the-line Model S Plaid+ with all available performance upgrades, luxury options, and full self-driving can cost over $180,000. A more reasonably equipped Model S Long Range will cost $120,000 — $140,000.

Is buying a used Tesla cheaper than a new one?

Yes, purchasing a used Tesla can mean substantial savings compared to buying new. However, used EV battery capacity does diminish over time. Carefully weigh battery health vs savings when buying used. Federal tax credits only apply to new vehicles.

Should I lease or buy my Tesla?

Leasing usually makes sense if you plan to trade in every 3 years for the latest model. Buying can be better if holding for 5+ years. Crunch the numbers on total “effective” cost including incentives. Make sure to account for battery degradation when leasing a used EV.

Tesla Prices: The Bottom Line

While Teslas may initially seem expensive compared to an average family sedan, the upfront price is just part of the ownership equation. Potential gas savings, lower maintenance, available tax incentives, and Tesla’s advanced technology also factor in.

For buyers cross-shopping Tesla versus luxury vehicles, the price differential narrows considerably. Tesla offers compelling performance, tech, and lower lifetime fuel costs in one package.

No matter which Tesla model you choose, understand all the detailed pricing factors covered here. Carefully weigh options, battery variants, available incentives and your expected ownership duration. This will give you the complete picture on how much it really costs to buy a Tesla.

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