Tesla continues to dominate the electric vehicle (EV) market, capturing a significant portion of EV sales. The question on many potential buyers’ minds is: How Much Are New Teslas? In 2025, the price of a new Tesla can range from approximately $32,490 to $125,490, depending on the model, trim, and selected options. Moreover, many Tesla models are eligible for a $7,500 federal tax credit, potentially lowering the initial cost.
This guide provides a detailed breakdown of the costs associated with purchasing a new Tesla in 2025, including the base prices of different models, available customizations, charging costs, and maintenance considerations.
Tesla MSRPs: Model by Model Breakdown
Here’s a quick overview of the Manufacturer’s Suggested Retail Prices (MSRP) for new Tesla models:
| Model | Base Price | Max Price |
|---|---|---|
| Model 3 | $42,490 | $62,990 |
| Model Y | $44,990 | $63,490 |
| Model X | $84,990 | $125,490 |
| Model S | $79,990 | $112,990 |
| Cybertruck | $79,990 | $99,990 |
Diving Deeper into Tesla Model Costs
The final price of a new Tesla depends heavily on the specific model and any additional features you choose. As of 2025, the most affordable option is the Tesla Model 3 Rear-Wheel Drive, which starts at $42,490. This is notably lower than the average price of a new electric car. At the other end of the spectrum, the Cybertruck Cyberbeast variant has the highest starting price at $99,900.
Keep in mind that features like premium paint colors and interior upgrades will increase the overall cost. Let’s take a closer look at each Tesla model:
Tesla Model 3 Price
The Tesla Model 3 is the most accessible Tesla model. The Rear-Wheel Drive (RWD) version begins at $42,490, while the Long Range variant starts at $47,490. The Performance trim, offering enhanced speed and handling, has a starting price of $54,990.
The Model 3 is eligible for the $7,500 federal tax credit. However, selecting certain options, especially on the Performance model, could push the price above the eligibility threshold.
| Model and Version | Base Price | Max Price | Federal Tax Credit Value | Mileage Range |
|---|---|---|---|---|
| Model 3 Rear-Wheel Drive (RWD) | $42,490 | $54,490 | $7,500 | 363 Miles |
| Model 3 Long Range All-Wheel Drive (AWD) | $47,490 | $59,490 | $7,500 | 346 Miles |
| Model 3 Performance AWD | $54,990 | $64,490 | $7,500 | 298 Miles |
Tesla Model 3 Financing Options:
Tesla provides financing and leasing options to assist with affordability. The following table shows estimated monthly lease and finance payments for the Model 3:
| Model 3 Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Model 3 Long Range Rear-Wheel Drive | $299 | $589 |
| Model 3 Long Range All-Wheel Drive | $349 | $662 |
| Model 3 Performance All-Wheel Drive | $599 | $773 |
*Assumes $2,999 down, 36-month term, 10,000 miles.
**Assumes $3,999 down, 1.99% APR, 72 months.
Tesla Model 3 Accessories:
Enhance your Model 3 with a variety of accessories, including organizers, snow chains, and pet liners. Prices range depending on the item.
Tesla Model Y Price
The Tesla Model Y remains a popular choice, blending the spaciousness of the Model X with a more accessible price point. It also provides substantial EPA-estimated range, up to 337 miles.
The maximum price for a fully equipped Model Y is $63,490. The available variants include:
| Model and Version | Base Price | Max Price | Federal Tax Credit Value | Mileage Range |
|---|---|---|---|---|
| Model Y Long Range RWD | $44,990 | $49,990 | $7,500 | 337 Miles |
| Model Y Long Range AWD | $47,990 | $58,990 | $7,500 | 311 Miles |
| Model Y Performance AWD | $51,490 | $63,490 | $7,500 | 277 Miles |
| Model Y Launch Series | $59,990 | $59,990 | $,7500 | 327 Miles |
Tesla Model Y Financing:
The following table shows estimated finance and lease payments for the Model Y:
| Model Y Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Model Y Long Range RWD | $199 | $444 |
| Model Y Long Range AWD | $299 | $493 |
| Model Y Performance AWD | $499 | $551 |
| Model Y Launch Series | $599 | $725 |
*Assumes $2,999 down, 36-month term, 10,000 miles.
**Assumes $3,999 down, 5.84% APR, 72 months.
Tesla Model Y Accessories:
The Model Y offers versatile accessories, including all-weather liners and an air mattress designed for the rear cargo area. Most accessories are priced from $35 to $500, with higher costs for protective coatings and tire packages.
Tesla Model S Price
As Tesla’s premium sedan, the Model S provides a long range of 410 miles. The dual-motor version starts at $79,990 and can increase to $97,990 with upgrades.
The Model S Plaid variant delivers exceptional performance, accelerating from 0 to 60 mph in just 1.99 seconds, with a top speed of 200 mph. The Plaid begins at $94,990 and can exceed $112,000 with customizations.
Note that the Model S is not eligible for the federal EV tax credit.
| Model and Version | Base Price | Max Price | Federal Tax Credit Value | Mileage Range |
|---|---|---|---|---|
| Model S AWD | $79,990 | $97,990 | $0 | 410 Miles |
| Model S Plaid | $94,990 | $112,990 | $0 | 410 Miles |
Tesla Model S Financing:
| Model S Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Model S AWD | $891 | $1,172 |
| Model S Plaid | $1,040 | $1,420 |
*Assumes $7,500 down, 36-month term, 10,000 miles.
**Assumes $3,999 down, 5.84% APR, 72 months.
Tesla Model S Accessories:
Accessories for the Model S range from pet liners to the Track Package, priced up to $20,000. The Track Package enhances high-speed performance with aluminum wheels, track-ready tires, and high-performance brakes.
Tesla Model X Price
The Tesla Model X, distinguished by its falcon-wing doors, has a higher starting price of $84,990.
The Model X Plaid starts at $99,990 and can reach $125,490 with selected options. The Model X, like the Model S, does not qualify for the EV tax credit.
| Model and Version | Base Price | Max Price | Federal Tax Credit Value | Mileage Range |
|---|---|---|---|---|
| Model X AWD | $84,990 | $110,490 | $0 | 329 Miles |
| Model X Plaid | $99,990 | $125,490 | $0 | 314 Miles |
Tesla Model X Financing:
| Model X Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Model X AWD | $1,041 | $1,254 |
| Model X Plaid | $1,191 | $1,502 |
*Assumes $7,500 down, 36-month term, 10,000 miles.
**Assumes $3,999 down, 5.84% APR, 72 months.
Tesla Model X Accessories:
Model X accessories include interior liners and winter tire packages.
Tesla Cybertruck Price
The Tesla Cybertruck, Tesla’s distinctive truck, ranges from $79,990 to $99,990.
The Cybertruck’s all-wheel drive base model is priced at $79,990, while the Cyberbeast is priced at $99,990.
Currently available for pre-order, with deliveries expected in 2025. The Cybertruck is not eligible for the federal EV tax credit.
| Model | Cost | Mileage Range |
|---|---|---|
| Cybertruck All-Wheel drive | $79,990 | 335 Miles |
| Cyberbeast | $99,990 | 301 Miles |
Cybertruck Financing:
| Cybertruck Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Cybertruck AWD | $807 | $965 |
| Cyberbeast | $908 | $1,383 |
*Assumes $7,500 down, 36-month term, 10,000 miles.
**Assumes $4,999 down, 2.99% APR, 72 months.
Cybertruck Accessories:
The Cybertruck offers fewer accessories but includes unique options for outdoor activities, like a Cybertent.
Tesla Tax Credits and Incentives
Certain Tesla models qualify for the $7,500 federal tax credit: the Model 3 Long Range AWD, Model 3 Performance AWD, Model Y Long Range RWD, Model Y Long Range AWD, and Model Y Performance AWD.
| Model | MSRP | Cost After Tax Credit |
|---|---|---|
| Model 3 Long Range RWD | $42,490 | $34,990 |
| Model 3 Long Range AWD | $47,490 | $39,990 |
| Model 3 Performance AWD | $54,990 | $47,490 |
| Model Y Long Range RWD | $44,990 | $37,490 |
| Model Y Long Range AWD | $47,990 | $40,490 |
| Model Y Performance AWD | $51,490 | $43,990 |
| Model Y Launch Series | $59,990 | $52,490 |
| Cybertruck | $79,990 | $72,490 |
Always verify eligibility based on the model year and VIN. Adding customizations to a Model 3 Performance may exceed IRS MSRP limits, disqualifying it from the tax credit. Used Teslas are also eligible for a tax credit, with slightly different requirements.
Many states offer EV rebates and incentives, including charging installation rebates, free toll programs, and HOV lane access.
Upcoming Tesla Models: Model 2 and Roadster
Tesla has plans to release new models in the future, including the Roadster and a potential Model 2.
| Model | Base Price | Max Price | Expected Launch |
|---|---|---|---|
| Roadster | $200,000 | $250,000 | Potentially available in 2026 |
| Model 2 | $25,000 | N/A | No longer available |
The Tesla Roadster promises a top speed of 250 mph and a range of 620 miles. Reservations require a $5,000 deposit, with $45,000 due within ten days of pre-ordering.
Note: Release dates are subject to change due to Tesla’s history of production delays and price adjustments.
Extra Costs to Consider When Buying a Tesla
Be aware of these additional expenses when purchasing a new Tesla:
- Order Fee: A non-refundable $250 order fee.
- Destination and Documentation Fee: A $1,390 fee for delivery and documentation.
- Taxes and Fees: Expect to pay between $4,500 and $5,000 in taxes and fees, potentially more for higher-priced models.
- Charging Equipment: Tesla no longer provides a charger standard with their cars. Options include the $250 Mobile Connector or the $450 Wall Connector.
Tesla Financing Rates and Lease Options
Tesla provides financing and leasing options.
Tesla Financing Options:
Financing rates range from 1.99% to 12.65%, depending on credit score and loan term. Tesla allows monthly payments via the Tesla App. Tesla vehicles financed cannot be used for ride-sharing.
Tesla Car Leasing Options:
Tesla leases are available in 44 states for qualified applicants. Important points to consider:
- Leased Teslas cannot be purchased at the end of the lease term after April 2022.
- Mileage over the lease agreement incurs a charge of $0.25 per mile.
- Leased vehicles are not eligible for the federal EV tax credit.
Leasing is best for those who drive less frequently or don’t want to own the vehicle long-term.
Gas Savings with Tesla
Teslas can save drivers between $1,000 and $1,500 annually on gas. The cost to charge a Tesla is around $626 annually, compared to $1,500+ for gasoline.
Actual savings will depend on location, driving habits, and electricity costs.
Charging at home is cheaper than using public charging stations or Superchargers. By charging a Tesla with solar panels, you can save over $100 monthly compared to a gas car.
Tesla Maintenance Costs and Service Fees
Tesla vehicles generally have lower maintenance costs because EVs have fewer moving parts. Tesla suggests service only when parts are scheduled for checking or replacement.
Many owners report that their primary maintenance expenses are related to tire rotations and replacements due to wear and tear.
Projected five-year maintenance costs for a Model 3 are approximately $980 if you perform the maintenance yourself using Tesla’s DIY guides.
Tesla Car Insurance
Tesla offers driver insurance with rates based on driving performance, using in-vehicle monitors. They also use a Real-Time Safety Score to assess factors like nighttime driving frequency and aggressive turns.
Your safety score and premium can change monthly. Tesla’s Real-Time Safety Score insurance is not available in California but they provide an alternative option.
Are Tesla Cars Worth the Price?
Teslas provide significant value with zero emissions, strong performance, and long driving ranges. They also have lower running costs compared to gas-powered vehicles.
However, increased EV competition means consumers should consider Tesla alternatives from brands like Kia, Toyota, and BMW.
Tesla offers a full home ecosystem with Tesla solar panels and the Solar Roof, allowing you to power your home and car with clean energy. The Tesla Powerwall battery can store energy, and everything is controlled via a single app.
Whether you choose Tesla or another EV, you can charge your car with a home solar system. Local solar companies can install the right amount of solar panels to cover your charging needs.
