If you've been dreaming of owning a Tesla, you're probably wondering how much you'll need to save up. The price of a Tesla can vary depending on the model, options, and incentives available. In this article, we'll break down the cost of each Tesla model and explain the factors that affect the price.
We'll also provide information on available incentives and financing options to help you make your Tesla dream a reality. Whether you're looking for a new or used Tesla, we've got all the information you need to know about pricing and affordability.
Now that we've covered the basics, let's take a closer look at the cost of each Tesla model. We'll start with the most affordable option, the Tesla Model 3, and work our way up to the most expensive model, the Tesla Model S Plaid.
how much is a tesla
Tesla prices vary by model, options, and incentives.
- Model 3: $46,990+
- Model Y: $62,990+
- Model S: $94,990+
- Model X: $104,990+
- Cybertruck: $39,900+
- Roadster: $200,000+
- Incentives: vary by location
- Financing options: available
Important factors to consider when determining the price of a Tesla include the model, options, incentives, and financing options.
Model 3: $46,990+
The Tesla Model 3 is the most affordable Tesla model, with a starting price of $46,990. It's a compact sedan that offers a range of up to 353 miles on a single charge. The Model 3 is also eligible for a federal tax credit of up to $7,500, which can reduce the effective price to $39,490.
- Standard Range Plus:
The Standard Range Plus model is the base Model 3, with a range of 272 miles and a 0-60 mph acceleration time of 5.3 seconds. It comes standard with features like a 15-inch touchscreen, Autopilot, and a premium audio system.
- Long Range:
The Long Range model offers a range of 353 miles and a 0-60 mph acceleration time of 4.2 seconds. It also comes with additional features like a glass roof, heated seats, and a 12-speaker audio system.
- Performance:
The Performance model is the top-of-the-line Model 3, with a range of 315 miles and a 0-60 mph acceleration time of 3.1 seconds. It comes with all the features of the Long Range model, plus upgraded brakes, a lowered suspension, and a carbon fiber spoiler.
- Options:
There are a number of options available for the Model 3, including different wheel sizes, paint colors, and interior upgrades. You can also add features like Full Self-Driving Capability, which allows the car to drive itself in certain situations.
The Model 3 is a great choice for those who are looking for an affordable Tesla with a good range and plenty of features. It's also eligible for a federal tax credit, which can make it even more affordable.
Model Y: $62,990+
The Tesla Model Y is a compact SUV that offers a range of up to 330 miles on a single charge. It has a starting price of $62,990, but it's also eligible for a federal tax credit of up to $7,500, which can reduce the effective price to $55,490.
- Long Range:
The Long Range model is the base Model Y, with a range of 330 miles and a 0-60 mph acceleration time of 4.8 seconds. It comes standard with features like a 15-inch touchscreen, Autopilot, and a premium audio system.
- Performance:
The Performance model offers a range of 303 miles and a 0-60 mph acceleration time of 3.5 seconds. It also comes with additional features like a glass roof, heated seats, and a 13-speaker audio system.
- 7-Seater:
The 7-Seater option adds a third row of seats to the Model Y, increasing the seating capacity to seven. This option is available for both the Long Range and Performance models.
- Options:
There are a number of options available for the Model Y, including different wheel sizes, paint colors, and interior upgrades. You can also add features like Full Self-Driving Capability, which allows the car to drive itself in certain situations.
The Model Y is a great choice for those who are looking for an affordable Tesla SUV with a good range and plenty of features. It's also eligible for a federal tax credit, which can make it even more affordable.
Model S: $94,990+
The Tesla Model S is a luxury sedan that offers a range of up to 405 miles on a single charge. It has a starting price of $94,990, but it's also eligible for a federal tax credit of up to $7,500, which can reduce the effective price to $87,490.
The Model S comes in two variants: the Long Range and the Plaid. The Long Range model has a range of 405 miles and a 0-60 mph acceleration time of 3.1 seconds. The Plaid model has a range of 348 miles and a 0-60 mph acceleration time of 1.99 seconds, making it one of the quickest production cars in the world.
Both models come standard with features like a 17-inch touchscreen, Autopilot, and a premium audio system. The Plaid model also comes with additional features like a carbon fiber spoiler, upgraded brakes, and a lowered suspension.
There are a number of options available for the Model S, including different wheel sizes, paint colors, and interior upgrades. You can also add features like Full Self-Driving Capability, which allows the car to drive itself in certain situations.
The Model S is a great choice for those who are looking for a luxurious and high-performance Tesla. It's also eligible for a federal tax credit, which can make it even more affordable.
Model X: $104,990+
The Tesla Model X is a luxury SUV that offers a range of up to 360 miles on a single charge. It has a starting price of $104,990, but it's also eligible for a federal tax credit of up to $7,500, which can reduce the effective price to $97,490.
The Model X comes in two variants: the Long Range and the Performance. The Long Range model has a range of 360 miles and a 0-60 mph acceleration time of 3.8 seconds. The Performance model has a range of 348 miles and a 0-60 mph acceleration time of 2.6 seconds, making it one of the quickest SUVs in the world.
Both models come standard with features like a 17-inch touchscreen, Autopilot, and a premium audio system. The Performance model also comes with additional features like a carbon fiber spoiler, upgraded brakes, and a lowered suspension.
There are a number of options available for the Model X, including different wheel sizes, paint colors, and interior upgrades. You can also add features like Full Self-Driving Capability, which allows the car to drive itself in certain situations.
The Model X is a great choice for those who are looking for a luxurious and high-performance Tesla SUV. It's also eligible for a federal tax credit, which can make it even more affordable.
Cybertruck: $39,900+
The Tesla Cybertruck is an upcoming electric pickup truck that has a starting price of $39,900. It's expected to go into production in 2023.
The Cybertruck is made from a stainless steel exoskeleton that is designed to be dent-resistant and ultra-strong. It also has a futuristic design that is unlike any other truck on the market.
The Cybertruck comes in three variants: the Single Motor, the Dual Motor, and the Tri Motor. The Single Motor model has a range of 250+ miles and a 0-60 mph acceleration time of 6.5 seconds. The Dual Motor model has a range of 300+ miles and a 0-60 mph acceleration time of 4.5 seconds. The Tri Motor model has a range of 500+ miles and a 0-60 mph acceleration time of 2.9 seconds.
All models come standard with features like a 17-inch touchscreen, Autopilot, and a premium audio system. The Tri Motor model also comes with additional features like a quad-motor all-wheel drive system and adaptive air suspension.
The Cybertruck is a great choice for those who are looking for an electric pickup truck that is both stylish and functional. It's also expected to be very affordable, with a starting price of just $39,900.
Roadster: $200,000+
The Tesla Roadster is an upcoming electric sports car that has a starting price of $200,000. It's expected to go into production in 2023.
- Base Model:
The base model of the Roadster has a range of 620 miles and a 0-60 mph acceleration time of 1.9 seconds. It comes standard with features like a removable hardtop, a 17-inch touchscreen, and a premium audio system.
- Founder's Series:
The Founder's Series is a limited-edition model of the Roadster that comes with additional features like a SpaceX package that includes rocket thrusters for increased acceleration. It also has a unique paint color and interior trim.
- Plaid:
The Plaid model is the top-of-the-line Roadster. It has a range of 520 miles and a 0-60 mph acceleration time of 1.1 seconds, making it the quickest production car in the world. It also comes with all the features of the Founder's Series, plus a carbon fiber body and upgraded brakes.
- Options:
There are a number of options available for the Roadster, including different wheel sizes, paint colors, and interior upgrades. You can also add features like Full Self-Driving Capability, which allows the car to drive itself in certain situations.
The Roadster is a great choice for those who are looking for an electric sports car that is both stylish and high-performance. It's also expected to be very exclusive, with a limited production run.
Incentives: vary by location
In addition to the federal tax credit of up to $7,500, there are a number of state and local incentives available for Tesla vehicles. These incentives can vary depending on your location, so it's important to do some research to see what's available in your area.
- State Tax Credits:
Many states offer tax credits for the purchase of electric vehicles, including Teslas. The amount of the credit can vary from state to state, so it's important to check with your local DMV to see if you're eligible.
- Local Rebates:
Some cities and counties also offer rebates for the purchase of electric vehicles. The amount of the rebate can vary depending on the location, so it's important to check with your local government to see if you're eligible.
- Utility Company Rebates:
Some utility companies also offer rebates for the purchase of electric vehicles. The amount of the rebate can vary depending on the utility company, so it's important to check with your local utility company to see if you're eligible.
- Free or Reduced-Cost Charging:
Some states and cities offer free or reduced-cost charging for electric vehicles. This can be a great way to save money on fuel costs.
Taking advantage of available incentives can help to reduce the cost of owning a Tesla. Be sure to do your research to see what incentives are available in your area.
Financing options: available
Tesla offers a variety of financing options to make it easier for customers to purchase a Tesla vehicle. These options include:
- Tesla Financing:
Tesla offers its own financing program, which is available to customers with good credit. The interest rates on Tesla loans are typically lower than the rates offered by traditional banks and credit unions.
- Third-Party Financing:
Customers can also get financing for their Tesla purchase through a third-party lender, such as a bank or credit union. It's important to shop around and compare interest rates from different lenders to get the best deal.
- Leasing:
Tesla also offers leasing options for its vehicles. Leasing can be a good option for customers who don't want to commit to a long-term loan or who want to have the flexibility to upgrade to a new Tesla model in the future.
- Trade-Ins:
Tesla offers trade-in values for customers who have a used car to sell. The trade-in value can be used to reduce the cost of a new Tesla purchase.
Tesla's financing options make it easier for customers to purchase a Tesla vehicle. Be sure to compare interest rates and terms from different lenders to get the best deal.
FAQ
Here are some frequently asked questions about Tesla pricing:
Question 1: How much does a Tesla cost?
Answer: The price of a Tesla varies depending on the model, options, and incentives available. The Model 3 starts at $46,990, the Model Y starts at $62,990, the Model S starts at $94,990, the Model X starts at $104,990, the Cybertruck starts at $39,900, and the Roadster starts at $200,000.
Question 2: Can I get a tax credit for buying a Tesla?
Answer: Yes, there is a federal tax credit of up to $7,500 available for the purchase of a new Tesla vehicle. The amount of the credit depends on the model and battery size of the vehicle.
Question 3: Are there any other incentives available for buying a Tesla?
Answer: Yes, there are a number of state and local incentives available for the purchase of a Tesla vehicle. These incentives can vary depending on your location, so it's important to do some research to see what's available in your area.
Question 4: What financing options are available for buying a Tesla?
Answer: Tesla offers a variety of financing options, including Tesla Financing, third-party financing, and leasing. Tesla Financing offers competitive interest rates and terms, and third-party financing can be obtained through banks and credit unions.
Question 5: Can I trade in my old car when I buy a Tesla?
Answer: Yes, Tesla offers trade-in values for customers who have a used car to sell. The trade-in value can be used to reduce the cost of a new Tesla purchase.
Question 6: How can I find out more about Tesla pricing and incentives?
Answer: You can find more information about Tesla pricing and incentives on the Tesla website or by visiting a Tesla store. You can also contact a Tesla representative to get more specific information about pricing and incentives in your area.
Question 7: How much does it cost to charge a Tesla?
Answer: The cost to charge a Tesla varies depending on the electricity rates in your area and the type of charger you use. Using a Tesla Supercharger, the cost to charge a Tesla is typically around $0.25 per kWh. Using a home charger, the cost to charge a Tesla is typically around $0.10 per kWh.
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These are just a few of the frequently asked questions about Tesla pricing. For more information, please visit the Tesla website or contact a Tesla representative.
Now that you know more about Tesla pricing, you can start shopping for the perfect Tesla for your needs and budget.
Tips
Here are a few tips for getting the best deal on a Tesla:
Tip 1: Shop around for financing.
Tesla offers its own financing program, but you may be able to get a better interest rate from a third-party lender, such as a bank or credit union. Be sure to compare interest rates and terms from different lenders before making a decision.
Tip 2: Consider leasing.
Leasing can be a good option for customers who don't want to commit to a long-term loan or who want to have the flexibility to upgrade to a new Tesla model in the future. Tesla offers competitive lease rates and terms.
Tip 3: Take advantage of incentives.
In addition to the federal tax credit, there are a number of state and local incentives available for the purchase of a Tesla vehicle. Be sure to do some research to see what incentives are available in your area.
Tip 4: Consider buying a used Tesla.
Used Teslas can be a good value, especially if you're looking for an older model or a vehicle with higher mileage. Tesla offers a certified pre-owned program that includes a warranty and roadside assistance.
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By following these tips, you can save money on the purchase of a Tesla vehicle.
Now that you know how to get the best deal on a Tesla, you can start shopping for the perfect Tesla for your needs and budget.
Conclusion
The cost of a Tesla can vary depending on the model, options, and incentives available. However, there are a number of ways to save money on the purchase of a Tesla, such as taking advantage of incentives, considering leasing, and buying a used Tesla.
With a starting price of $46,990 for the Model 3, Tesla vehicles are becoming more affordable than ever before. And with the federal tax credit of up to $7,500, the effective price of a Tesla can be even lower.
If you're looking for a high-performance electric vehicle that's also stylish and environmentally friendly, a Tesla is a great option. With a variety of models to choose from and a number of ways to save money, there's sure to be a Tesla that's perfect for you.
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So what are you waiting for? Start shopping for your Tesla today!