How Much Does a Tesla Cost? The Price and Advantages of Each Model

By Lennon Cihak
Tesla offers a variety of models and prices, ranging from the Model 3, all the way up to the Model X Plaid.
Tesla offers a variety of models and prices, ranging from the Model 3, all the way up to the Model X Plaid.
Tesla

With gas prices soaring and EVs becoming more affordable than ever, it could not be a better time to purchase an electric vehicle. Tesla is leading that charge in terms of performance, technology and affordability.

The Austin, Texas-based automotive company has built a strong product that sells itself and recently became the most popular car worldwide. Tesla currently produces five different models, including the Model S, Model 3, Model X, the Model Y, and the Tesla Semi. The Tesla Cybertruck will join the mix later this year, and the new Roadster is expected to begin production next year.

The cost of a Tesla will range from $40,000 to almost $140,000, depending on the model and options. But before we get into the actual upfront and ownership costs, it’s helpful to understand Tesla’s mission: Accelerate the world’s transition to sustainable energy.

Tesla’s Mission and Master Plan

On August 2nd, 2006, co-founder and CEO Elon Musk published a blog post outlining Tesla’s master plan. It was simple:

  • Build a sports car (Tesla’s first-gen Roadster)
  • Use that money to build an affordable car (Model S, and later Model X)
  • Use that money to build an even more affordable car (Model 3 and Model Y)
  • While doing the above, also provide zero emission electric power generation options (Solar Roof, Solar Panels, Supercharging, Powerwall, Megapacks)

Tesla is now working toward their Master Plan Part 3.

What is The Cheapest Tesla Model?

The price for a Tesla ranges greatly depending on the model and upgrades you add. At the time of this article’s publishing, the Model 3, which comes in at $40,240 (before taxes and incentives) is the most affordable.

In June 2023, Tesla announced that all Model 3 variants in the United States are eligible for the $7,500 tax credit. This was due to the passage of the Inflation Reduction Act of 2022, which expanded certain EVs to receive a federal tax credit of up to $7,500. 

In addition to Federal tax incentives, many states offer additional incentives to EV owners.

Model 3

The Tesla Model 3
The Tesla Model 3
Tesla

The Tesla Model 3, introduced in 2017, revolutionized the electric vehicle market by making cutting-edge technology and sustainable transportation more accessible to the masses. As Tesla's entry-level sedan, the Model 3 combines sleek design with impressive performance and an exceptional range of up to 333 miles, making it a compelling choice for those who prefer a smaller, nimble vehicle. 

With seating for five passengers and a spacious interior, the Model 3 provides comfort without compromising on style. Its minimalist yet futuristic interior features Tesla's signature touchscreen infotainment system and a host of advanced driver-assistance features, including Autopilot. The Model 3's affordability, eco-friendly credentials, and thrilling driving experience propelled it to become one of the best-selling electric cars worldwide, showcasing Tesla's commitment to accelerating the global shift towards sustainable and emission-free transportation.

Model 3 Standard Range

  • Price: $40,240
  • Range: 272 miles
  • Weight: 3,862 lbs
  • Drivetrain: Rear-Wheel Drive
  • 0-60mph Speed: 5.8 sec
  • Top Speed: 140 mph

Model 3 AWD (All-Wheel Drive)

  • Price: $47,240
  • Range: 315 - 333 miles
  • Weight: 4,034 lbs
  • Drivetrain: Dual Motor All-Wheel Drive
  • 0-60mph Speed: 4.2 sec
  • Top Speed: 145 mph

Model 3 Performance

  • Price: $51,640
  • Range: 315 miles
  • Weight: 4,048 lbs
  • Drivetrain: Dual Motor All-Wheel Drive
  • 0-60mph Speed: 3.1 sec
  • Top Speed: 162 mph

The Model 3 Performance also comes with the Performance Upgrade package: 

  • Increased top speed from 135mph to 155mph
  • 21’’ Überturbine Wheels
  • Performance Brakes
  • Lowered suspension
  • Aluminum alloy pedals
  • Carbon fiber spoiler

Model Y

The Tesla Model Y
The Tesla Model Y
Tesla

The Tesla Model Y, introduced in 2020, represents a compelling addition to Tesla's lineup of electric vehicles. As a compact all-electric SUV, the Model Y combines the best of the Model 3 sedan's platform with the versatility and practicality of their higher-end Model X. Offering seating for up to seven passengers and a spacious cargo area, the Model Y is designed to accommodate families and adventure-seekers alike.

With its sleek and modern design, the Model Y exudes an air of sophistication while boasting impressive performance capabilities, including rapid acceleration and an impressive electric driving range of up to 330 miles on a single charge. Tesla's commitment to cutting-edge technology is evident in the Model Y, with features such as the expansive touchscreen infotainment system and advanced driver-assistance features like Autopilot. As an integral part of Tesla's mission to accelerate the world's transition to sustainable energy, the Model Y represents a compelling choice for those seeking a versatile, affordable, and high-performance electric SUV.

Model Y Standard Range

  • Price: $47,740
  • Range: 279 miles
  • Drivetrain: Dual Motor All-Wheel Drive
  • 0-60mph Speed: 5 sec
  • Top Speed: 135 mph

Model Y Long Range

  • Price: $50,490
  • Range: 330 miles
  • Weight: 4,386 lbs
  • Drivetrain: Dual Motor All-Wheel Drive
  • 0-60mph Speed: 4.8 sec
  • Top Speed: 135 mph

Model Y Performance

  • Price: $54,490
  • Range: 303 miles
  • Weight: 4,439 lbs
  • Drivetrain: Dual Motor All-Wheel Drive
  • 0-60mph Speed: 3.5 sec
  • Top Speed: 155 mph

Who is Model Y For?

Tesla's Model Y is designed for families, practicality seekers, urban dwellers, commuters, crossover enthusiasts, tech enthusiasts, environmentally conscious consumers, and those seeking a blend of luxury and performance. It offers the practicality of a compact SUV, advanced technology, electric drivetrain benefits, and a versatile driving experience to meet the diverse needs and preferences of a wide range of consumers.

Model Y is one of the best-selling vehicles in the world. The price comes in a couple thousand more than Model 3. Model Y comes with more front and rear headroom, legroom, an optional third row, and 34.3-cubic-foot in cargo space.

What is The Most Expensive Tesla Model?

The most expensive vehicle Tesla makes is its 2.7-ton SUV, the Model X. Model X Plaid with Ultra Red paint and 22-inch turbine wheels, among other additions and customizations, drifts in at more than triple the price of the base Model 3 at $133,990. The Model X being one of Tesla’s most luxurious vehicles comes with high-end features, including ventilated seats, more cargo room, a towing package for up to 5,000 pounds, additional seating options, 325+ miles of range, and mind-altering performance with a 0-60 mph speed in 2.5 seconds.

Model X

The Tesla Model X
The Tesla Model X
Tesla

The Tesla Model X, introduced in 2015, represents a groundbreaking milestone in electric vehicles. The Model X boasts a falcon-wing door system, providing easy access to its spacious interior, which can comfortably seat up to seven passengers. Powered by Tesla’s state-of-the-art Autopilot system, panoramic windshield, and industry-leading infotainment system further elevate the driving experience. With a price range typically starting from $98,000 to $134,000, the Tesla Model X caters to discerning consumers seeking both sustainability and luxury on their commutes.

Model X (base)

  • Price: $98,490
  • Range: 348 miles
  • Weight: 5,185 lbs
  • Drivetrain: Dual Motor All-Wheel Drive
  • 0-60mph Speed: 3.8 sec
  • Top Speed: 149 mph

Model X Plaid

  • Price: $108,490
  • Range: 333 miles
  • Weight: 5,390 lbs
  • Drivetrain: Tri-Motor All-Wheel Drive
  • 0-60mph Speed: 2.5 sec
  • Top Speed: 149 mph

Who is Model X For?

Tesla's Model X caters to a diverse range of consumers, including families, adventure enthusiasts, tech enthusiasts, luxury seekers, and environmentally conscious individuals. It addresses their specific needs by providing ample space, impressive performance, advanced technology, luxurious features, and a sustainable driving experience.

The Model X comes with additional luxurious features when compared to Tesla's other models. These include cooled seats, air suspension, falcon-wing doors, auto-opening and closing doors, better noise isolation, a premium noise-canceling sound system, premium materials, an instrument cluster, and a rear screen. 

Model S

The Tesla Model S
The Tesla Model S
Tesla

The Tesla Model S, launched in 2012, remains a groundbreaking electric sedan that continues to set the standard for innovation and luxury in the automotive industry. As Tesla's flagship vehicle, the Model S combines elegant design, exceptional performance, and advanced technology. 

With its sleek and aerodynamic exterior, the Model S not only stands out on the road but also achieves remarkable electric range, thanks to its cutting-edge battery technology. Inside the cabin, passengers experience a refined and spacious environment, complemented by Tesla's signature 17-inch touchscreen infotainment system and an array of premium features. The Model S accelerates with astonishing speed, demonstrating the capabilities of electric propulsion while maintaining a smooth and silent ride. 

Tesla has continuously updated the Model S with over-the-air software updates, improving performance and adding new features, further solidifying its reputation as an industry-leading electric vehicle. As one of the pioneering electric cars, the Model S exemplifies Tesla's dedication to sustainable transportation, leaving an indelible mark on the automotive landscape.

Model S (base)

  • Price: $88,490
  • Range: 405 miles
  • Weight: 4,561 lbs
  • Drivetrain: Dual Motor All-Wheel Drive
  • 0-60mph Speed: 3.1 sec
  • Top Speed: 149 mph

Model S Plaid

  • Price: $108,490
  • Range: 396 miles
  • Weight: 4,766 lbs
  • Drivetrain: Tri-Motor All-Wheel Drive
  • 0-60mph Speed: 1.99 sec
  • Top Speed: 200 mph

Who is Model S For?

Tesla's Model S is designed for electric vehicle enthusiasts, performance seekers, luxury car buyers, technology enthusiasts, eco-conscious consumers, and business executives. It offers a seamless blend of technology, performance, luxury, and sustainability, making it an appealing choice for those who seek an extraordinary electric driving experience.

The Model S also comes with more luxurious features when compared to the Model 3 and Model Y. These include cooled seats, air suspension, auto-appearing door handles, better noise isolation, a noise-canceling premium sound system, premium materials, an instrument cluster, and a rear screen. 

It’s worth noting that Tesla changes its pricing frequently. All the above models were priced with the free paint, standard interior and wheels, and basic Autopilot.

Cybertruck

The Tesla Cybertruck
The Tesla Cybertruck
MatthewDR/Twitter

Tesla’s Cybertruck, unveiled in 2019, is a testament to the company’s push toward automotive and electric vehicle innovation. It’s promised to be loaded with newer tech and nearly impenetrable because of its ultra-hard 30x cold-rolled stainless steel exterior. In addition to its advanced technology, Cybertruck will include a large shatterproof windshield and ultra-durable rear bed. 

Its expected to be available in three variants, ranging from a single-motor RWD version, all the way up to a tri-motor AWD verison. The estimated EPA range is 250-500 miles with a 0-60 mph time of 2.9 - 6.5 seconds.

Tesla will begin Cybertruck deliveries this year, with volume production being achieved in 2024. 

Semi

The Tesla Semi
The Tesla Semi
Tesla

Originally unveiled in November 2017, Tesla Semi is designed to innovate the semi-truck market. Designed to have more than three times the power of a standard diesel truck, a range of up to 500 miles, and a 1,000 horsepower motor the size of a football, Tesla Semi provides true innovation for long-haul transportation.

The first bunch of Semis was delivered to PepsiCo in late 2022 at a delivery event, where its nickname, “The Beats,” was presented.

“[It has] three times the power than any diesel truck on the road right now,” Dan Priestley, Senior Manager of Tesla’s Semi Engineering, said at the time. “So you’ve got all the power you need to get the job done, but the other reason that it’s a beast is because it is efficient. You can go 500 miles on a single charge on one of these things. It’s the mix of those two—this is a game-changer. What’s awesome is both of those are enabled by our 1000-volt powertrain. This is the first vehicle we are with that.” 

First-Gen Roadster

Tesla’s original Roadster began production in 2008. It was a big milestone for the company because it was their first production vehicle. Prior to the Roadster, Tesla only produced a prototype of the vehicle to generate interest and secure funding. 

The Roadster was based on the Lotus Elise, a lightweight, two-seat sports car. Tesla worked with Lotus to develop the Roadster in order to tap into Lotus’ expertise in vehicle manufacturing. The final product borrowed the Elise’s chassis, but the vehicle's custom drivetrain, battery system, and body were entirely unique.

When it was originally released, it had a base price of $98,950 with later versions of the vehicle reaching a sticker price of $120,000. 

Next-Gen Roadster

The New Tesla Roadster
The New Tesla Roadster
Tesla

Tesla’s Next-Gen Roadster will be a marvel of automotive engineering, shattering barriers and pushing the laws of physics. Information about the Next-Gen Roadster has been sparse since its unveiling in 2017 alongside Semi, but CEO Elon Musk has stated the production of the Next-Gen Roadster will begin in 2024. 

Next-Gen Roadster Specs

According to Tesla’s website, the Roadster will be capable of going 0-60 mph in 1.9 seconds, a 620-mile range, and a top speed of more than 250 mph. Similar to the Cybertruck, it’ll be loaded with Tesla’s state-of-the-art safety features, all-wheel drive, and designed for unrivaled performance and aero efficiency.

Furthermore, in classic Tesla and Elon Musk fashion, the Roadster will have an optional SpaceX Package, which would increase the vehicle’s performance even further. Musk confirmed that with this package, 0-60 mph could be achieved in mere 1.1 seconds.

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Tesla Intel Atom (MCU 2) and AMD Ryzen (MCU 3): Feature Differences and How to Tell What You Have

By Karan Singh
DirtyTesla

Tesla vehicles are equipped with two main computer systems: the MCU (Media Control Unit), which is responsible for entertainment and display functions, and the Autopilot/FSD Unit, often referred to as the FSD Computer.

Both of these systems have evolved over the years, and they’re commonly referred to by their generation. For example, MCU 2 refers to the second generation of the Media Control Unit. Similarly, the FSD computer is identified by its generation, often called Hardware 3 or Hardware 4, when referring to the third and fourth-generation hardware. More recently, Tesla has started referring to the FSD Computer as AI3 and AI4, but you’ll still hear the older terms used interchangeably.

These two systems are separate and they’re not upgraded at the same time, meaning it’s possible to have a vehicle with MCU 2 and FSD Hardware 3 or MCU 3 with Hardware 3. Some vehicles even feature MCU 1 alongside Hardware 3.

The MCU is not involved with Autopilot or FSD functions—it’s purely for infotainment and in-vehicle features such as vehicle visualization, gaming, maps, and entertainment. It doesn’t impact the capabilities or limitations of Tesla’s autonomous driving systems.

MCU 1 - NVIDIA Tegra 3

MCU 1 was the first media control unit to be introduced in Tesla vehicles, starting back in 2012. This system was used in the Model S and Model X until about April 2018, when Tesla began transitioning to MCU 2.

By the time the Model 3 launched in late 2017, it already included MCU 2. To keep legacy vehicles up to date, Tesla offers an infotainment retrofit that upgrades MCU 1 to MCU 2, which helps make the infotainment unit much more responsive and adds a variety of newer features. Tesla continues to support vehicles with MCU 1, although upgrades are much further apart. In 2024, Tesla added Automatic Emergency Braking (AEB) improvements to vehicles with MCU 1 and even support for FSD V12.3.6 (FSD HW3 required).

Period Offered: 2012 through April 2018

Upgrade: Available as a paid upgrade for Model S and Model X vehicles to go from MCU 1 to MCU 2.

MCU 2 - Intel Atom

The launch of the Model 3 introduced MCU 2, which ran on Intel’s Atom mobile processor. While the Intel Atom was capable at the time, it’s now considered outdated compared to modern standards. As Tesla continues to roll out new features, the limitations of the Atom processor have become more apparent.

There is a notable list of features that are unavailable to vehicles with MCU 2. Although Tesla has optimized software to improve compatibility, not all features have been made accessible to these vehicles.

Period Offered: MCU 2 was offered in 2017 (Model 3) through 2022 (availability differs based on region and model).

Upgrade: As of now, Tesla has not offered an upgrade path or retrofit to transition from MCU 2 to MCU 3, and they’re unlikely to do so.

MCU 3 - AMD Ryzen

In December 2021, Tesla began shipping vehicles with MCU 3, powered by AMD’s Ryzen processor. The first vehicles to feature MCU 3 were the refreshed Model S and Model X, which debuted in 2021. Shortly after, Model 3s and Model Ys were also equipped with MCU 3, and today, all Tesla vehicles, including the Cybertruck, come standard with MCU 3.

This MCU is now the most widely used on the road and is Tesla’s most advanced infotainment processor. It supports impressive 3D visualizations, allows improved gaming on the center touchscreen (and rear screens in equipped vehicles), and offers a host of other capabilities. MCU 3 is also the most feature-complete version, with new features being designed for it first and then backported to MCU 2 or MCU 1 when possible.

Period Offered: The first MCU 3 vehicles were released in December 2021 and is current through today.

Upgrade: MCU 3 is the most current infotainment unit that Tesla offers.

Features Missing on MCU 2 (Intel Atom)

High-fidelity park assist is limited to vehicles with MCU 3
High-fidelity park assist is limited to vehicles with MCU 3
Not a Tesla App

While Tesla does its best to continue to support MCU 2, there is a growing difference between the features available on a vehicle with an Intel Atom infotainment unit and one with the AMD Ryzen processor.

Feature

MCU 2

MCU 3

Games / Arcade

⚠️ Limited Games*

✅ Additional Games**

Parked View

⚠️ Split screen visualization with vehicle on left and map on right

✅ Full-screen Parked Viz - Shadows, Sun Reflections, Shadows

Vehicle Visualizations 

⚠️ Some limitations, such as non-transparent glass

✅ Improved visualizations

Full-Screen FSD Visualization

⚠️ Only Available in North America

✅ Available in All Regions

Zoom Meetings

❌ Not Available

✅ Available

High Fidelity Park Assist

⚠️ Top-Down Visualization Only

✅ Full 3D Visualization

Autopark Visualizations (video)

⚠️ Top-Down Visualization Only

✅ 3D Visualization

Improved UI for Display Modules - Media, Next Turn, Trip Planner

⚠️ Solid Color/Semi-Transparent

✅ Transparency + Background Blur for Display Modules

*Many recent game additions are available to MCU 3 only, including the ever-popular Vampire Survivors and Castle Doombad. Only certain Model S and Model X vehicles include a GPU and the ability to play games on Steam.

**Atari Games were removed from MCU 3 vehicles due to Emulator Licensing issues.

How to Tell - Intel or AMD

Identifying which MCU your vehicle has is straightforward. Simply go to Vehicle Options > Software > Additional Vehicle Information.

In the interface, you’ll find details about whether your vehicle is equipped with an Intel Atom (MCU 2) or AMD Ryzen processor (MCU 3).

MCU 4?

It’s been more than three years since Tesla introduced the AMD Ryzen-powered MCU. Despite advancements, including the transition from FSD Hardware 3 to AI4—and eventually AI5—there’s been no indication of an MCU 4 on the horizon.

The Ryzen processor’s impressive capabilities make it a solid choice for infotainment, and it’s well-suited to serve until there’s another big leap in CPU performance.

While Tesla will upgrade to MCU 4 at some point, it doesn’t seem imminent. Some may argue that Tesla transitioned to MCU 3 too late, leaving vehicles just a few years old feeling outdated. It’s possible Tesla might choose to introduce MCU 4 ahead of the need for more processing power, ensuring that older vehicles can continue to benefit from new software features in the future.

Tesla Expected to Add Turn Signal Stalk Back to Model 3

By Karan Singh
Not a Tesla App

Following the surprising return of the turn signal stalk on the refreshed Model Y, reliable Tesla source Chris Zheng has indicated that the Model 3 will also be receiving a turn stalk. While it initially seems surprising, Tesla mentioned that after receiving lots of customer feedback, there is a lot of demand for the return of the stalk.

For those who appreciate the newer turn signal buttons on vehicles like the Cybertruck, this might come as a surprise. However, the Model 3 and Model Y are designed for the average driver transitioning from a traditional vehicle, making the removal of the turn signal stalk an unexpected and potentially disappointing change.

Turn Stalk

In a conversation during the latest episode of Jay Leno’s Garage, Tesla’s VP of Vehicle Engineering, Lars Moravy, mentioned that Tesla works to remove superfluous parts. In this case, they removed one part too many - and are now bringing back the turn signal stalk.

The updated stalk on the refreshed Model Y is a simplified version of the current Model Y stalk. It doesn’t include multi-stage turn signals (short three flashes versus staying), buttons, or other features. Pure and simple - it is utilized for signaling left and right. The rest of the functions of a traditional stalk remain either on the wheel or on the screen.

Lack of Right ‘Shifter’ Stalk

Tesla has no intent to bring back the right stalk, which is traditionally used to shift the vehicle from Drive to Reverse and Park in Teslas. It’s also used to activate Autopilot. The shifting functionality will remain on-screen or available via the backup by tapping the buttons on the ceiling near the hazards button. Shifting via the dash is intuitive and convenient once you get used to it - and with AutoShift hopefully coming out of Beta sometime soon, this could get even better.

Autopilot activation will remain with a button on the steering wheel. While a vehicle with a single stalk may look a little odd at first, Lars mentioned that Tesla didn’t receive many complaints about shifting or Autopilot use.

Retrofit

Not a Tesla App

We haven’t heard anything about retrofitting the 2024+ Model 3s with the turn signal stalk at this point. However, we imagine this may be a possibility in the future.

However, we can recommend using the wireless Enhauto’s S3XY Stalks if you want to bring a single or dual stalks back to your refreshed Model 3 and don’t want to wait for an official retrofit to arrive. They’re easy to install, well-designed, and reliable.

Other Models

The big question now is: will Tesla bring back the turn signal stalk for its other models? It’s possible, but we doubt it. The Model S and Model X, especially with the Yoke, feel more natural without a stalk, and the button-based signals suit their design. While a stalk might occasionally be useful—like signaling in and out of a roundabout—any future refresh of the S or X would likely include steer-by-wire instead.

On the Cybertruck, the absence of a stalk goes unnoticed, thanks to steer-by-wire, as the squircle steering wheel is never in an awkward position. After thousands of kilometers of daily driving, including plenty of roundabouts, the author can confidently say the signal stalk isn’t missed at all. In fact, the turn signal buttons feel more intuitive, given how the Cybertruck handles.

That said, could Tesla offer signal stalks as an option for those who prefer them? It’s not out of the question. We’ll keep you updated, but in the meantime, let us know—do you prefer turn signal buttons or a traditional stalk?

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