Tesla has cemented its position as a leading manufacturer of electric vehicles (EVs). With a diverse range of models and a significant share of the EV market, understanding the cost of owning a Tesla is crucial for potential buyers. The price of a Tesla in 2025 can range from approximately $32,490 to $125,490, depending on the model and the selected options. Many Tesla models are also eligible for a $7,500 federal tax credit, making them even more accessible.
This article provides an in-depth look at the costs associated with purchasing a Tesla, including a breakdown of the base prices for each model, customization options, charging costs, and maintenance expenses.
Tesla MSRPs at a Glance
Here’s a quick overview of the Manufacturer’s Suggested Retail Prices (MSRP) for Tesla’s current lineup:
| 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 |
Breaking Down Tesla Model Costs
The starting price of a Tesla varies significantly depending on the specific model and additional features chosen. In 2025, you can expect to pay anywhere from $42,490 to $125,490.
The most affordable Tesla is the Model 3 Rear-Wheel Drive, with a base price of $42,490. This is a competitive price point, especially when compared to the average cost of an electric car, which hovers around $55,000.
On the other end of the spectrum, the Cybertruck Cyberbeast has the highest starting price at $99,900.
Keep in mind that factors like paint color and interior finishes can impact the final price. Let’s delve into the details for each model.
Many Tesla models are eligible for the $7,500 Federal Clean Vehicle Tax Credit, subject to price caps. For instance, the Model 3 must not exceed $55,000, and the Model Y cannot exceed $80,000.
Tesla Model 3 Price
The Tesla Model 3 is known as the brand’s most accessible offering. The Rear-Wheel Drive (RWD) version starts at $42,490, while the Long Range variant is priced at $47,490. The Performance model, offering enhanced speed and handling, starts at $54,990.
All Model 3 versions may qualify for the $7,500 federal tax credit, effectively lowering the purchase price. However, optional add-ons could push the price of the Performance model beyond the eligibility limit for the 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 |
Tesla Model 3 Financing Options
Tesla provides financing and leasing options to facilitate the purchase of their vehicles. The table below illustrates estimated monthly payments for both financing and leasing a 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
Tesla offers a wide array of accessories to enhance the functionality and organization of the Model 3, ranging from snow chains to pet liners.
Tesla Model Y Price
The Model Y is Tesla’s best-selling vehicle, combining the spaciousness of an SUV with an accessible price point. It offers up to 337 miles of EPA-estimated range.
A fully equipped Model Y can cost up to $63,490. Here’s the pricing breakdown for the different variants:
| 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 | $7,500 | 327 Miles |
Tesla Model Y Financing
Financing can be a viable option for those who prefer not to pay the full purchase price upfront. Here are the estimated financing and lease options 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 is compatible with a variety of accessories, including all-weather interior liners and air mattresses designed to fit in the cargo area. Prices for these accessories typically range from $35 to $500, but protective coatings and tire packages may cost more.
Tesla Model S Price
As Tesla’s premium sedan, the Model S offers an impressive range of 410 miles. The standard dual-motor variant starts at $79,990, but the price can reach $97,990 with all available upgrades.
The Model S Plaid variant, known for its exceptional acceleration (0 to 60 mph in 1.99 seconds) and top speed of 200 mph, starts at $94,990 and can exceed $112,000 depending on customization.
Due to its high MSRP, the Model S does not qualify 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
Here are the estimated financing and lease options for the Tesla Model S:
| 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
Enhance your Model S with accessories ranging from pet liners to the Track Package, which can cost up to $20,000 and includes aluminum wheels, track-ready tires, and high-performance brake pads.
Tesla Model X Price
The Model X is Tesla’s larger SUV, recognized for its unique ‘falcon-wing’ doors. With a starting price of $84,990, it has the highest base price among Tesla’s models.
The Model X Plaid starts at $99,990 and can reach $125,490 with customizations. Like the Model S, it’s too expensive to 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
Below are the estimated financing and lease options for the Tesla Model X:
| 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
The Model X offers a range of accessories, including interior liners and winter tire packages.
Tesla Cybertruck Price
The Tesla Cybertruck, known for its distinctive futuristic design, ranges from $79,990 to $99,990.
The base all-wheel-drive model costs $79,990, while the high-performance Cyberbeast is priced at $99,990.
Deliveries are expected to begin in 2025, and these electric trucks are 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 currently has fewer accessories than other Tesla models, but unique options like a Cybertent for camping are available.
Tesla Tax Credits and Incentives
Certain Tesla models are eligible for the $7,500 federal tax credit: 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 |
Be sure to verify eligibility based on the model year and VIN. Also, customizations may affect eligibility due to MSRP limits.
Tax credits are also available for purchasing used Teslas, and some states offer additional rebate programs and incentives.
Upcoming Tesla Models: Model 2 and Roadster
Here’s a look at the expected prices and launch dates for future Tesla models:
| Model | Base Price | Max Price | Expected Launch |
|---|---|---|---|
| Roadster | $200,000 | $250,000 | Potentially 2026 |
| Model 2 | $25,000 | N/A | No longer available |
The Tesla Roadster is anticipated to be the fastest street-legal car, with a top speed of 250 mph and a range of 620 miles. A $5,000 deposit is required to reserve it, with an additional $45,000 due within ten days of pre-ordering.
Note that Tesla is known for production delays and price changes, so these details are subject to change.
Extra Costs When Buying a Tesla
As with any new car purchase, there are additional expenses to consider:
- Order Fee: A non-refundable $250 order fee.
- Destination and Documentation Fee: A $1,390 fee for vehicle delivery.
- Taxes and Fees: Expect to pay between $4,500 and $5,000 in taxes and fees.
- Charging Equipment: Tesla does not include a charger, so you’ll need to purchase either the $250 Mobile Connector or the $450 Wall Connector.
Tesla Financing and Lease Options
Financing and leasing options are available to make Teslas more accessible.
Tesla Financing Options
Tesla offers financing directly or through third-party lenders.
Interest rates range from 1.99% to 12.65%, depending on credit score and loan term. You can manage payments through the Tesla App. Note that vehicles intended for ride-sharing are not eligible for Tesla financing.
Tesla Car Leasing Options
Tesla offers leases in 44 states. Key points to remember:
- Leased Teslas cannot be purchased at the end of the lease term after April 2022.
- Mileage over the lease agreement incurs a $0.25 per mile charge.
- Leased vehicles do not qualify for the federal EV tax credit.
Leasing is a good option for those with short commutes or who don’t want to own the vehicle long-term.
Tesla Gas Savings
Teslas can save you between $1,000 and $1,500 annually on gas costs. Charging a Tesla typically costs around $626 per year, compared to over $1,500 for gasoline.
Savings vary based on location, driving habits, and electricity rates.
Charging with solar panels can further reduce costs, potentially saving over $100 per month.
Tesla Maintenance Costs and Service Fees
Tesla vehicles generally have lower maintenance costs than gas-powered cars due to fewer moving parts.
Tesla recommends servicing only when necessary, such as for scheduled checks or replacements.
Many owners report that tire maintenance is their primary out-of-pocket expense within the first two years.
Projected five-year maintenance costs for a Model 3 are approximately $980, assuming DIY maintenance using Tesla’s guides.
Tesla Car Insurance
Tesla offers driver insurance with rates based on driving performance.
Tesla uses in-vehicle monitors and a Real-Time Safety Score to assess driving behavior and adjust premiums accordingly.
This Real-Time Safety Score insurance is not available in California, but an alternative option is offered.
Are Tesla Cars Worth the Price?
Teslas offer excellent driving performance, long ranges, and low running costs.
However, increased competition in the EV market means there are now numerous alternatives to Tesla.
Tesla has an advantage with its integrated home energy ecosystem, including solar panels, Solar Roof, and Powerwall battery, all controllable via a single app.
Charging your Tesla with a home solar system can further reduce costs and your carbon footprint.
Tesla Cost FAQs
Written by Ana Almerini Marketing & Communications Manager
Ana is the Marketing & Communications Manager at SolarReviews, working within the solar industry since 2020. With a Master’s in Climate and Society and professional experience in marketing, she helps communicate the value of solar to homeowners and build awareness of the SolarReviews brand. On weekends you can find her at the Jersey shore, reading a book from the ever-increasing stack on her side table, or eating food someone else cooked….
