What is the Cheapest Tesla Model?

Tesla has undoubtedly transformed the electric vehicle (EV) market, leading the charge with cutting-edge technology, sleek designs, and, most importantly, sustainability. The allure of Tesla goes beyond its futuristic features, such as Autopilot and a minimalist interior. They are also known for their performance, range, and efficiency, making them highly coveted in the automotive world. However, one question remains on many prospective buyers’ minds: In this blog post, we will dive into the various Tesla models available, explore their prices, and understand which Tesla delivers the most affordable option without sacrificing the core elements that make the brand stand out.

The Tesla Lineup

As of 2024, Tesla offers several models, each with different features, performance capabilities, and price points. While Tesla has made efforts to bring more affordable options to the market, its vehicles remain a premium offering compared to many other electric cars. However, the company has also been working on reducing the price to make EVs more accessible to a broader audience.

The current Tesla models include:

• Tesla Model 3
• Tesla Model Y
• Tesla Model S
• Tesla Model X

Out of these, the most affordable model is the Tesla Model 3. Let’s take a closer look at each model and determine which one is the cheapest.

Tesla Model 3: The Cheapest Tesla

The Tesla Model 3 is undoubtedly the most affordable option in Tesla’s lineup, and for good reason. It provides a balance of performance, range, and technology that has made it one of the most popular electric vehicles worldwide.

Pricing Overview

The base price for the Tesla Model 3 as of 2024 starts at approximately $39,990 for the Standard Range Plus (also known as the Rear-Wheel Drive) version. This price can fluctuate slightly depending on factors such as location, tax incentives, and optional upgrades.

While the Standard Range Plus version is the entry-level trim, Tesla also offers several higher-priced versions with more features, including:

• Model 3 Long Range – starts at $47,490 and offers a longer range and additional power for those seeking more performance.
• Model 3 Performance – starting at $53,490, this version focuses on performance with faster acceleration and a higher top speed.

Features of the Model 3

Despite being the most affordable Tesla, the Model 3 doesn’t skimp on performance or features. The Standard Range Plus includes:

• Range: Approximately 263 miles on a single charge.
• Acceleration: 0 to 60 mph in around 5.8 seconds.
• Interior: A spacious and minimalist design with a large touchscreen display for most vehicle controls.
• Autopilot: Tesla’s driver-assistance system that includes features like adaptive cruise control and lane-keeping assistance.
• Safety: Tesla’s commitment to safety is evident in the Model 3’s excellent crash-test ratings and its suite of active safety features.

The Model 3 is well-suited for daily driving needs and is an excellent entry point for those looking to make the switch to an electric vehicle without a high upfront cost.

Tesla Model Y: A Step Up in Price

While the Model 3 remains the cheapest option, Tesla also offers the Model Y, which shares much of its design and technology with the Model 3. However, the Model Y is a compact crossover SUV, providing more interior space and additional utility.

Pricing Overview

The starting price for the Model Y is approximately $49,990 for the Long Range version. Like the Model 3, Tesla also offers a more performance-oriented version of the Model Y:

• Model Y Long Range – starts at $49,990 and offers a range of about 330 miles.
• Model Y Performance – starts at $53,490, and focuses on delivering a sportier driving experience with 0-60 mph acceleration in just 3.5 seconds.

Features of the Model Y

The Model Y offers a variety of upgrades over the Model 3, including:

• Interior Space: The Model Y is a crossover SUV with more cargo capacity and the option for a third row of seating, allowing it to accommodate up to seven passengers.
• Range: The Long Range version offers an impressive 330 miles on a single charge, making it an excellent choice for those who want both space and longer travel distances.
• Acceleration: With the Performance version, the Model Y accelerates from 0 to 60 mph in just 3.5 seconds, making it one of the fastest electric SUVs in its class.
• Tech: Like the Model 3, the Model Y comes with Tesla’s signature large touchscreen interface, autopilot capabilities, and over-the-air software updates.

The Model Y is a great option for those who need more space or prefer the higher driving position of an SUV, but it comes at a higher price than the Model 3.

Tesla Model S and Model X: Premium Electric Vehicles

While the Tesla Model 3 and Model Y focus on being more affordable, the Model S and Model X are Tesla’s high-end offerings, designed for customers looking for more luxury, performance, and advanced features.

Tesla Model S Pricing

The base price of the Tesla Model S starts at $89,990. This vehicle offers:

• Performance: 0 to 60 mph in under 2 seconds for the Plaid version, which is one of the fastest production cars in the world.
• Range: Up to 405 miles on a single charge (Long Range version).
• Interior: A luxurious interior with premium materials, a larger touchscreen, and more advanced features.

Tesla Model X Pricing

The Tesla Model X is the company’s premium SUV, starting at $99,990 for the Long Range version. Key features of the Model X include:

• Range: Up to 348 miles on a full charge.
• Performance: 0 to 60 mph in just 3.8 seconds (Long Range version).
• Unique Design: Falcon-wing doors, spacious seating for up to seven people, and a focus on luxury and performance.

Both the Model S and Model X are great options for those who want the pinnacle of electric vehicle performance, but their prices are far higher than the Model 3 and Model Y.

Factors to Consider Beyond Price

When evaluating the cheapest Tesla model, it’s important to consider factors beyond just the sticker price. Here are a few key aspects to keep in mind:

1. Incentives: Depending on where you live, there may be federal, state, or local incentives for purchasing an electric vehicle. These can significantly lower the overall cost of your vehicle. Make sure to check available rebates or tax credits in your region.
2. Charging Infrastructure: While Tesla’s Supercharger network is extensive, you may also need to install a home charging setup. This could add additional upfront costs but can be more convenient for everyday use.
3. Long-Term Savings: Electric vehicles, including Teslas, generally have lower maintenance costs compared to traditional gasoline vehicles. This is an important consideration when thinking about the total cost of ownership.
4. Resale Value: Teslas tend to hold their value relatively well, and while the initial cost may be higher than other electric cars, you can expect a strong resale value when it’s time to upgrade.

Conclusion: The Cheapest Tesla Model

In conclusion, the Tesla Model 3 remains the cheapest Tesla model, starting at around $39,990. Despite its affordable price, the Model 3 offers impressive range, performance, and technology. It’s an excellent choice for anyone looking to transition to an electric vehicle without breaking the bank.

While the Model Y offers more space and features, it comes at a higher price point, making it a better choice for those who need more room or prefer the SUV format. The Model S and Model X, while packed with luxury features, are high-end options that come with a significantly higher price tag.