How Much Are Teslas? If you’re considering joining the electric vehicle revolution, the cost of a Tesla is a crucial factor, and at HOW.EDU.VN, we provide you with the expert insights you need to make an informed decision. From the base price of the Model 3 to the fully loaded Cybertruck, understanding Tesla pricing, potential savings, and long-term costs is essential. Discover the true cost of Tesla ownership, including federal tax credits, financing options, and maintenance expenses, empowering you to confidently navigate the electric car market. Let the expertise of how.edu.vn illuminate your path to electric vehicle ownership, exploring topics such as EV affordability, total cost of ownership, and electric vehicle investment.
1. Understanding the Base Price of Tesla Models
The starting price for a Tesla can be as low as $42,490 for the Model 3 or as high as $125,490 for a fully customized Model X. It’s crucial to understand the base price and potential add-ons to determine which model fits your budget. The cheapest Tesla model, the base Model 3 Rear-Wheel Drive, starts at $42,490, lower than the average electric car cost of about $55,000. The newest Tesla models, such as the Cybertruck Cyberbeast variant, start at $99,900. Tesla also offers various features and add-ons that affect the price of the electric vehicle. For instance, choosing a red Tesla will always cost more than the standard stealth grey. Let’s take a closer look at the prices of each Tesla model.
All Model Y and Model 3 variants are eligible for the full $7,500 Federal Clean Vehicle Tax Credit. The Cybertruck also qualifies for the electric car tax credit. But be mindful of price caps! Your Model 3 cannot exceed $55,000, and your Model Y can’t exceed $80,000.
1.1. Model 3 Pricing and Options
The Tesla Model 3 is the most affordable Tesla, with the base rear-wheel drive (RWD) starting at $42,490. The Long Range version is priced at $47,490, and the Performance model starts at $54,990. All Model 3 variants qualify for the $7,500 federal electric vehicle tax credit.
| 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 |
The Model 3 offers various financing options through Tesla, with estimated monthly lease payments ranging from $299 to $599 and financing payments from $589 to $773. Top accessories for the Tesla Model 3 include snow chains and pet liners.
1.2. Model Y Pricing and Options
The Tesla Model Y is a top-selling car, balancing space and affordability, with a base price of $44,990. The Model Y Long Range RWD starts at $44,990, while the Performance AWD is priced at $51,490. The Model Y Launch Series is $59,990.
| 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 |
Financing options for the Model Y include monthly lease payments from $199 to $599 and financing payments from $444 to $725. Accessories for the Model Y range from all-weather interior liners to air mattresses.
1.3. Model S Pricing and Options
The Tesla Model S is a premium offering with a standard dual-motor variant starting at $79,990. The three-motor Model S Plaid variant starts at $94,990 and can reach over $112,000.
| Model and version | Base price | Max price | Federal tax credit value | Mileage range |
|---|---|---|---|---|
| Model S AWD | $79,990 | $ | $97,990 | 410 Miles |
| Model S Plaid | $94,990 | $107,630 | $112,990 | 410 Miles |
Financing options for the Model S include monthly lease payments from $891 to $1,040 and financing payments from $1,172 to $1,420. Enhancements for the Model S range from pet liners to the Track Package, which costs up to $20,000.
1.4. Model X Pricing and Options
The Tesla Model X, known for its falcon-wing doors, has a higher starting price than other base model Teslas at $84,990. The Model X Plaid starts at $99,990 and can reach $125,490 with customizations.
| 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 |
Financing options for the Model X include monthly lease payments from $1,041 to $1,191 and financing payments from $1,254 to $1,502. Accessories for the Model X include interior liners and winter tire packages.
1.5. Cybertruck Pricing and Options
The Tesla Cybertruck ranges from $79,990 to $99,990. The Cybertruck’s all-wheel base model costs $79,990, while the Cyberbeast costs $99,990.
| Model | Cost | Mileage Range |
|---|---|---|
| Cybertruck All-Wheel drive | $79,990 | 335 Miles |
| Cyberbeast | $99,990 | 301 Miles |
Financing options for the Cybertruck include monthly lease payments from $807 to $908 and financing payments from $965 to $1,383. Unique accessories include a Cybertent for camping.
2. Navigating Tesla’s Customization and Accessory Costs
Tesla offers various customization options that can significantly impact the final price of your vehicle. From premium paint colors to interior upgrades and advanced driver-assistance features, understanding these costs is essential. Tesla offers various features and add-ons that can affect the price of the electric vehicle. For instance, choosing a red Tesla will always cost more than the standard stealth grey.
2.1. Exterior Customizations
Exterior customizations include paint colors, wheel options, and aerodynamic enhancements. Premium paint colors can add between $1,000 and $2,500 to the price. Wheel upgrades range from $500 to $5,000, depending on the style and size. Aerodynamic enhancements, such as spoilers and body kits, can cost between $1,000 and $6,000.
2.2. Interior Customizations
Interior customizations include seat material, trim options, and sound system upgrades. Premium seat materials, such as leather, can add between $2,000 and $5,000. Trim options, such as wood or carbon fiber, range from $500 to $3,000. Sound system upgrades can cost between $500 and $2,500.
2.3. Technology Upgrades
Technology upgrades include Autopilot and Full Self-Driving Capability. Autopilot, which includes features like adaptive cruise control and lane-keeping assist, is standard on all Tesla models. Full Self-Driving Capability, which includes additional features like automatic lane changes and parking assistance, costs $12,000 upfront or $199 per month.
2.4. Must-Have Accessories
Must-have accessories include all-weather floor mats, screen protectors, and mobile connectors. All-weather floor mats can cost between $100 and $300. Screen protectors range from $20 to $50. Mobile connectors, which allow you to charge your Tesla from a standard outlet, cost $250.
3. Estimating Tesla Charging Costs
Tesla charging costs depend on several factors, including your electricity rate, charging location, and driving habits. Understanding these costs is crucial for budgeting and making informed decisions about home charging solutions.
3.1. Home Charging vs. Supercharging
Home charging is typically cheaper than using Tesla’s Supercharger network. The average cost to charge a Tesla at home is about $0.14 per kWh, while Supercharger costs can range from $0.28 to $0.42 per kWh.
3.2. Calculating Monthly Charging Expenses
To calculate monthly charging expenses, multiply your monthly electricity usage by your electricity rate. For example, if you drive 1,000 miles per month and your Tesla consumes 0.3 kWh per mile, you’ll use 300 kWh. At $0.14 per kWh, your monthly charging cost would be $42.
3.3. Impact of Driving Habits
Aggressive driving, frequent acceleration, and high speeds can increase your Tesla’s energy consumption. Reducing these habits can lower your charging costs and extend your vehicle’s range.
3.4. Maximizing Charging Efficiency
To maximize charging efficiency, use a Level 2 charger at home, avoid charging to 100% unless necessary, and preheat or precool your Tesla while it’s plugged in. This helps optimize battery performance and reduce energy waste.
4. Factoring in Tesla Maintenance Costs and Service Fees
Tesla vehicles have lower maintenance costs than conventional gas-powered cars due to fewer moving parts. However, it’s essential to understand the expected maintenance costs and service fees to budget accordingly.
4.1. Scheduled Maintenance
Tesla recommends service only when parts are scheduled for checking or replacement. Common maintenance items include tire rotations, brake fluid checks, and cabin filter replacements. These services can cost between $100 and $500 per year.
4.2. Unscheduled Repairs
Unscheduled repairs can vary depending on the issue. Common repairs include battery replacements, motor repairs, and bodywork. These repairs can range from $500 to $20,000 or more, depending on the severity.
4.3. Warranty Coverage
Tesla offers a basic warranty that covers defects in materials and workmanship for four years or 50,000 miles, whichever comes first. The battery and drive unit are covered for eight years or 100,000 to 150,000 miles, depending on the model.
4.4. Extended Service Agreements
Tesla offers extended service agreements that provide additional coverage beyond the basic warranty. These agreements can cover a variety of repairs and services, providing peace of mind for Tesla owners. The cost of an extended service agreement varies depending on the coverage level and vehicle model.
5. Exploring Tesla Financing Rates and Lease Options
Tesla offers various financing and leasing options to make their vehicles more accessible. Understanding these options can help you determine the best way to finance your Tesla purchase.
5.1. Tesla Financing
Tesla offers financing through its website, with rates ranging from 1.99% to 12.65%, depending on the term length and your credit score. Tesla buyers with better creditworthiness will earn a lower APR. The longer the term, the higher the rate.
5.2. Third-Party Loans
You can also finance your Tesla through a third-party loan from a bank or credit union. Comparing rates from different lenders can help you find the best deal.
5.3. Tesla Leasing
Tesla offers leases in 44 states for eligible applicants. After April 2022, no leased Teslas can be purchased at the end of the lease term. Each mile over the lease agreement will be charged $0.25 per mile, and you cannot earn the federal EV tax credit on a leased vehicle. Leasing is a good option for those who don’t drive every day or don’t want to own the vehicle once the lease is up.
5.4. Comparing Financing vs. Leasing
Financing results in vehicle ownership and building equity over time, while leasing offers lower monthly payments and the option to upgrade to a new vehicle every few years. The best option depends on your financial goals and driving habits.
6. Taking Advantage of Tesla Tax Credits and Incentives
Federal and state tax credits and incentives can significantly reduce the cost of owning a Tesla. Understanding these incentives is crucial for maximizing your savings.
6.1. Federal Tax Credit
The federal government offers a $7,500 tax credit for eligible electric vehicles, including many Tesla models. However, eligibility depends on factors like income and vehicle price.
Five new Tesla models qualify for the $7,500 federal tax credit for electric vehicles: the Model 3 Long Range All-Wheel Drive (AWD), The Model 3 Performance AWD, Model Y Long Range RWD, Model Y Long Range AWD, and the Model Y Performance AWD.
The following table breaks down the cost of each Tesla model before and after the EV tax credit:
| 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 |
Remember, not all Teslas qualify for the EV tax credit. Check the model year and ask for the VIN to confirm the car qualifies. Also, adding physical customizations to your Model 3 Performance may exceed the IRS MSRP limits and disqualify your vehicle from receiving the tax credit.
You can also get a tax credit when purchasing a used Tesla, with slightly different eligibility criteria than when buying a new model.
6.2. State Incentives
Many states offer additional incentives for EV purchases, such as rebates, tax credits, and access to HOV lanes. Check your state’s Department of Motor Vehicles website for more information.
6.3. Utility Company Rebates
Some utility companies offer rebates for installing home charging equipment. These rebates can help offset the cost of purchasing and installing a Level 2 charger.
6.4. Maximizing Savings
To maximize your savings, research all available tax credits, incentives, and rebates before purchasing your Tesla. These incentives can significantly reduce the total cost of ownership.
7. Understanding the Total Cost of Tesla Ownership
The total cost of Tesla ownership includes the purchase price, customization costs, charging expenses, maintenance fees, and insurance costs. Understanding these factors can help you make an informed decision about purchasing a Tesla.
7.1. Depreciation
Like all vehicles, Teslas depreciate over time. The rate of depreciation varies depending on the model, mileage, and condition. Researching depreciation rates can help you estimate the future value of your Tesla.
7.2. Insurance Costs
Tesla insurance rates vary depending on your driving history, location, and coverage level. Tesla offers driver insurance, with rates based on individual driver’s performance. Tesla uses in-vehicle monitors to account for driving behavior, which is then factored into your insurance premiums. Tesla also uses a Real-Time Safety Score that calculates factors like frequency of nighttime driving and aggressive turning to determine if you are a safe driver.
Your safety score changes every month, and based on the previous month’s data, your premium can be more or less expensive.
Tesla’s Real-Time Safety Score insurance is unavailable in California, but the company offers an alternative insurance option for drives in The Golden State.
7.3. Long-Term Savings
Teslas save between $1,000 and $1,500 on average on gas costs annually. The cost to charge a Tesla varies between models, but most drivers will spend about $626 annually to charge their car with electricity versus over $1,500 to fill up a gas car.
Your actual annual gas savings will vary depending on where you live, how much you drive, and what your utility charges for electricity.
