How Much Does a Tesla Cost? Breaking Down the Price

Over the last ten years, Tesla’s choice has risen tremendously. These are its upcoming and current offerings.

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Tesla’s stock boasts more options than ever, even if the awaited Roadster isn’t unavailable. Late in 2023, the Cybertruck was down. The base of the Cybertruck RWD model will not be accessible until 2025. The Model Y continues to be a best-seller, and an updated Model 3 sedan is also available to purchase. With a starting price of $42,490, the base Model 3 RWD is an excellent value, and Tesla cars are well-equipped from the outset.

How Much Does A Model Of Tesla Cost?

In 2025, a Tesla could cost as little as $38,990 or as much as $113,630, depending on the model and its options.

The base car 3 Rear-Wheel Drive is the most expensive Tesla vehicle, starting at $38,990. This is less than the average electric vehicle’s average price of about $55,000.

The Cyberbeast truck, one of the newest Tesla vehicles, has the highest starting price at $99,990. But at more than $113,000, the costliest Tesla is a Model X with the most expensive modifications.

The price of the electric car may vary according to the choices of features and extras that Tesla offers. For example, the ordinary stealth grey Tesla will always be less costly than a red one. Let’s examine each Tesla model’s pricing in greater detail.

2024 Tesla Model 3 Long Range Rear-Wheel Drive: $44,130

The 2024 Tesla Generation 3 is an essential rise over its predecessor. It has an increasingly advanced control system, heated seats, a quieter cabin, minor exterior modifications, and more. Along with the enhancements, Tesla eliminated the drive selector and turn signal stocks, leaving the screen and steering wheel as the primary interior parts.

After the federal tax credit, the long-range RWD model costs only $34,990 and can go an incredible 363 miles on a single charge.

Range

363 miles

Drivetrain

RWD

Charging Speed

170kW

Acceleration: 

0-60 in 54.9 seconds

Federal Tax Credit

$7,500

Lease for 

$299 per month for 36 months with $2,999 due at signing

2024 Tesla Model Y Long Range Rear-Wheel Drive: $46,630

In addition, Tesla no longer offers a standard range rear-wheel drive model, so all Model Y has long range. Still, the initial price of around $ 46,000 is reasonable. All Model Y models, however, start at an even more enticing sub-40 million when federal tax breaks are taken into play.

When fully charged, in its current state of form factor, the present Model Y rear-wheel drive model is estimated to have a range of 337 miles. Within 15 minutes of charging time, the Model Y RWD can add 60 miles to the range with as much as 250 kW of charging capability. The Model Y Standard Range, the most basic variant, includes a 7.2kW onboard charger, a seven-pin connector, seven speakers with an Anniversary Upgrade, heaters for the front and rear rows, and a HEPA air filter.

Range

337 miles

Drivetrain

RWD 

Charging Speed

170kW

Acceleration

0-60 in 6.5 seconds

Federal Tax Credit

$7,500 ($80,000 cap)

Lease for 

$349 monthly for 36 months, with $2,999 payable at signing.

2024 Tesla Model S AWD: $76,630

The Model S AWD starts at less than $76,630, having received a cost hike in recent months, identical to all other Tesla models. The Tesla Model S AWD meets performance and range requirements with its 402-mile range and 670 horsepower.

The Model S is far more comfortable, with features like a rear center display, heated front seats, and a 22-speaker sound system producing 960 watts. However, it still lacks the grandeur of the BMW i7 and Lucid Air.

Range

402 miles

Drivetrain

AWD

Charging Speed

250kW

Acceleration

0-60 in 3.1 seconds

Federal Tax Credit

Does Not Qualify

Lease for 

$891 monthly for 36 months with 7,500 payable at signing

2023 Tesla Model X Long Range AWD: $81,630

The quality Tesla Model X 60D, with a range of 200 miles, cost $75,200 in 2016. The most affordable Model X is now priced at $81,630 ($74,130 with finances) and has 335-mile resolve on just one control. The Model X sports a dual-motor powertrain with 670 horsepower and can pull 5,000 pounds. Like the Model S, the Model X has a lot of similar luxury things. As long as consumers don’t choose too many frills, the base Model X is still eligible for the $7,500 tax credit, unlike the sports sedan EV.

Range

335 miles

Drivetrain

AWD

Charging Speed

250kW

Acceleration

0-60 in 3.8 seconds

Federal Tax Credit

$7,500 ($80,000 MSRP cap)

Lease for 

$992 monthly for 36 months with $7,500 payable at signing

2023 Tesla Model X Plaid: $96,630

The Model X Plaid, now available for less than $100,000, depends on the same base as the Model S Plaid. Containing six seats, Falcon-wing doors, and a 1,020 power tri-motor drivetrain, it is diverse from any other crossover. It is a family crossover with a nearly limitless power supply, even if its driving qualities mainly relate to its engine.

Range

326 miles

Drivetrain

AWD

Charging Speed

250kW

Acceleration

0-60 in 2.5 seconds

Federal Tax Credit

Does Not Qualify

Lease for 

$1,091 monthly for 36 months, with $7,500 payable at signing

Tesla Electric Vehicle Tax Incentives And Perks

The Model 3 Long Range All-Wheel Drive, Model 3 Performance All-Wheel Drive, Model Y Long Range Rear-Wheel Drive, Model Y Long Range All-Wheel Drive, and Model Y Performance All-Wheel Drive are five new Tesla vehicles eligible for the $7,500 federal electric vehicle tax credit.

Each Tesla model’s price before and after the EV tax credit is broken down in the table below:

Model

MSRP

Cost after Tax Credit

2023 Tesla Model X Plaid

$96,630

$89,130

2023 Tesla Model X Long Range AWD

$81,630

$74,130

2024 Tesla Model S AWD

$76,630

$69,130

2024 Tesla Model Y Long Range Rear-Wheel Drive

$46,630

$39,130

Tesla Model Y Long Range Rear Wheel Drive 

$44,130

$36,630

You may also be eligible for a tax credit when obtaining a used Tesla, even though the guidelines somewhat differ from the new Tesla’s.

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To help drop the values of EVs, some of the established order offers additional incentive structures for EV buyers. Also, you can exist in a region that provides free toll programs, HOV lanes, or incentives for constructing EV charging stations.

When Purchasing A Tesla, Are There Any Additional Or Hidden Expenses?

Yes, there are sufficient extra costs to consider when putting a Tesla, just as with any other new car.

  • Order fee: A $250 non-refundable order fee will be charged when placing an order.
  • The cost of destination and paperwork: A $1,390 destination and documentation cost will be charged when your car is delivered. A large number of automakers charge about this amount.
  • Taxes and costs: According to customers of Model 3, taxes and fees range from $4,500 to $5,000. If you go for a fancier car like a Model X or Model S, there will be additional charges you have to meet.

The starting cost of acquiring a Tesla will be slightly higher than that of other cars. Nevertheless, the company’s perspectives remain optimistic even after the release of Model Y; Tesla is still associated with a premium car and has a corresponding price level.

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According to your preferences and budget, you may or may not choose to buy a Tesla. Compared with identical premium cars with gas engines, Tesla customers typically save money on fuel and maintenance. Furthermore, pollution is reduced by electric vehicles like Teslas. Therefore, if you are worth the setting, an electric vehicle—a Tesla or approximately else—is the best choice.