Tesla Model 3 is the cheapest Tesla, top-selling, and the newest vehicle in the family of Tesla. Its standard price is $37,990.
Tesla single-handedly changed the automotive world with its innovative electric cars. For years, most people have been dying to get their hands on the coveted Tesla but the steep prices scare them away.
Recently, Tesla’s CEO Elon Musk promised to create the cheapest new electric cars that cost approximately $25,000. Tesla is focusing on designing affordable batteries to cut costs. Batteries are a huge money pit but after the new and improved batteries are ready, the consumers will be able to access the cheapest EVs with long ranges.
The thought of a low-budget Tesla sounds exciting but you may be waiting for more than three years.
If you are new to the world of hybrids and EVs, you may be wondering if Tesla is a hybrid. I have addressed that question here. To reiterate, Tesla is a pure electric vehicle.
Tesla Model 3 Price
Model 3 is the cheapest Tesla, top-selling, and the newest vehicle in the family of Tesla. It borrows a few styling designs from the Tesla Model S sedan and the Tesla Model X SUV. The interiors are slightly different but luxurious with an all-glass roof.
The standard price is $37,990 making it the most affordable Tesla vehicle. Although the Model 3 lacks some significant premium sedan features, the car still qualifies as a luxury car. The EV comes with a standard four years factory warranty, eight years battery, and powertrain warranty. You are free to customize the performance and long-range trims with new features but it will cost you an average of about $65,990.
What is the Engine, Range, and Performance of the Cheapest Tesla?
Tesla Model 3, which is the cheapest new Tesla available on the market, packs a powerful 75-kWh battery with a range of about 263 miles standard trim.
You have an option to upgrade to performance and long-range models that increase to an estimated range of about 315 miles for performance and impressive 353 miles.
The battery sits under the floor resulting in a low center of gravity. This makes Tesla have agile handling and stability in corners. Tesla continues to improve the design of the battery in an attempt to introduce the cheapest new electric vehicles with long ranges.
We might be waiting a while before they release more affordable cars with great mileage but in the meantime, the 310 miles range is already doing better than other EVs.
The Model 3 gains speed smoothly and sprints from 0 to 60 mph in 5.1 seconds in standard trim.
Its quiet engine makes the ride pleasant, smooth, and comfortable. The steering wheel is responsive, accurate, with three setting options to adjust the steering level of effort.
Tesla has ensured the customer can access charging stations with different options for charging such as superchargers, home-charging stations, and adapters for DC public-charging stations with 240 and 120 volts outlets.
Tesla Model Y Price
Model Y offers the consumer a sweet crossover vehicle with an impressive performance. It’s starting price ranges from $ 46,990 standard trim to $75,990 long-range or performance trims. The car is the improved version of model 3 but it looks, feels, and drives the same as model 3. However, Model Y offers more cargo and passenger space. The five-seater has only two rows but is enough for a typical modern family.
Tesla Model S price
Tesla Model S price range starts at a whopping $79,990 for the long-range version.
It has an outstanding 373 miles of range making it the longest range that exists in the market.
If you have some money to spend, you can part with $95,490 for the performance version. With the improved performance version, you’ll get a rocket Tesla that sprints from 0-60 mph in less than 2.4 seconds.
Tesla Model X price
Tesla Model X comes with a spacious, luxurious SUV option with its distinctive ‘Falcon-wing’ doors.
It’s starting price is $79,990 with an additional $6,500 for upgrades and impressive configurations.
The Model Y competes for a spot in the luxury SUV segment against the Porsche Taycan, Audi eTron, BMW X5, GLE, and the Mercedes Benz.
Related Questions
Why is Tesla so expensive?
The new Tesla Roadster is currently the most expensive new Tesla with a price range of about $200,000. Even with the promise to drop Tesla price tags, the EVs continue to have expensive batteries, supply, and demand.
For the batteries, Tesla’s are fully electric and require powerful batteries to support the long-range. As a result, the components making the batteries are expensive hiking Tesla’s price range.
The other reason would be simply the law governing the supply and demand prices. Tesla cars are in demand and with everyone in a rush to go green, the EV’s probably will remain top of the food chain. The company is having a hard time meeting the demand hence the steep range scares away some customers.
Will Tesla cars ever be affordable
The Company is working day and night trying to level down their prices. CEO Elon Musk confirmed that the efforts are in progress. For now, we cannot expect to buy a Tesla under $10k but the $25k price range sounds fair for starters.
Tesla and other companies have collaborated to produce efficient batteries that will hopefully see the EV cars competing with the cost of gasoline to fuel conventional vehicles. We can only wait a few years, where EV cars will roam the streets with an affordable price range without compromising it’s long-range.
Are Teslas Expensive To Maintain?
Tesla cars are fully electric and your standard maintenance routine flies out the window. That being said, Tesla’s maintenance costs are some of the lowest in the market making it a good investment. The traditional car needs an oil change, specialized care, standard maintenance, repairs, and expensive extended car warranties.
However, you still have a few moving parts that may require your attention such as the full service, cabin air filter, tire rotation, brake fluids flush, air conditioning services, and winter care. Generally, it would cost you a total of $1,490 in five years. This means you would most likely spend about $298 per year on average.
How can you cut down the cost of charging your Tesla?
Electricity is cheaper than gasoline. Tesla offers its clients supercharger stations cropping up across the U.S that charges in 30minutes. This means that you’ll never be stranded due to lack of charge and you can charge up quickly and continue with your trip.
At some point, the Tesla cars came with free unlimited supercharging for life but the cost became too much for the company to cover. Now, you can charge for instance the Tesla Model 3 at 26 cents per kilowatt, which is still about 43% less than fuel.
If you’re like the majority of the Tesla owners, you’ll want a charging unit installed at home. The wall power connectors cost about $500 to install and pair well with any home power supply. Connected to a wall charger, your Tesla can charge up to 44 miles per hour of charge at 48-amp or 11.5-kW output and you’ll have a full battery by morning.
You can also opt for an alternative Tesla’s power wall that will cost you approximately $6500. The power wall is a giant battery powered by solar panels plugged into the wall to help you store power for later.
Are used Tesla’s cheaper to buy?
A used car isn’t always a bad idea. Depending on its history and mileage, your used car will serve just as well as a new car and save you a ton of money. Of course, used Tesla’s are cheaper to buy especially considering they have low to minimize maintenance cost.
Pre-owned cars have huge discounts and you can check out the Tesla website for an affordability calculator to help you figure out your monthly payment plan and down payment. No one really cares if your Tesla is new or used but you still have the respect of driving a Tesla. So you don’t have to bleed out your pockets or drown in auto loans when you have access to a cheaper used model.