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

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

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

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

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

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

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

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

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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Musk Shares What to Expect in FSD v12.4 Next Week; Talks About Abilities of FSD v12.5 and v12.6

Less than two weeks since its last FSD update, Tesla is getting ready to release FSD v12.4, with CEO Elon Musk hinting at significant improvements. The current version, 12.3.6, introduced Autopark and High Fidelity Park Assist for vehicles equipped with ultrasonic sensors in the U.S. and Canada, along with minor fixes for FSD.

Just an hour ago, Musk shed some light on Tesla's next FSD update. Through his X account, Musk teased the imminent release of v12.4, stating, "Probably start rolling out 12.4 next week." Moreover, he provided insights into the development process and the features users can expect in the upcoming 12.4 version, as well as v12.5 and v12.6.

What to Expect in FSD v12.4

Musk says that FSD 12.4 has extensive retraining of AI models that particularly focuses on refining the comfort of passengers by addressing concerns around abrupt acceleration or braking. Musk previously commented on the next versions of FSD saying that FSD v12.4 and 12.5 would be major improvements, and while v12.4 may be a major step forward, it looks like its main focus will be on being more natural and smoother.

"Probably start rolling out 12.4 next week."

FSD v12.5 and v12.6 to Handle More Complex Scenarios

Looking ahead, Tesla is already laying the groundwork for future updates according to Musk. The CEO previously stated that Tesla is constantly working on FSD updates that are three to six months ahead of what’s in production, so they have a good idea of what the software will be able to handle in the future.

Today on X, Musk said that there's ongoing testing for FSD versions 12.5 and 12.6, which involves tackling complex scenarios. Musk says this includes navigating narrow, one-way roads and handling unexpected road closures, requiring the vehicle to reverse and find alternate routes. 

Actually Smart Summon in v12.5?

Tesla’s Autopilot lead, Ashok Elluswamy, previously talked about how FSD would gain the ability to go in reverse when Tesla is ready to release Actually Smart Summon. If the ability to reverse is still tied to some of the abilities of Actually Smart Summon, then, it’s possible we may see Tesla’s better summon implementation in version 12.5 or 12.6.

Vehicles to be Able to Communicate with Fleet

Musk also gives us some insight into vehicle communication, saying vehicles will need to be able to communicate with the fleet so that you "don't get a whole bunch of Teslas stuck down a road."

Instead of vehicle-to-vehicle communication, Tesla will likely have vehicles report back to the "mothership," where Tesla can aggregate data and report it to nearby vehicles. This is similar to how vehicles report traffic today, instead of talking directly to each other.

Spending on AI

Tesla's commitment to advancing its AI capabilities is evident through its substantial investments. Musk recently emphasized the company's dedication to spending around $10 billion throughout 2024 on training and inference AI. Musk said that any company that isn’t spending billions on AI this year just won’t be able to compete.

Expansion of FSD 

Tesla appears ready to start the expansion of FSD, and it looks like China may be up first. Musk's recent visit to Beijing to discuss a potential FSD rollout and data sharing shows that Tesla is ready and serious about FSD's expansion.

While FSD's rollout in China appears promising, Musk remains cautiously optimistic about expanding into other markets. He believes that FSD v12 is ready for supervised FSD in left-hand drive (LHD) countries, while right-hand drive (RHD) markets like the UK and Australia may require additional time.

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An In-Depth Look at Tesla's New Music Player in Update 2024.14 [Photos & Video]

One of the exciting new features of Tesla update 2024.14 is the improved media player for the Model 3 and Model Y.

Tesla's media player has gone through some drastic changes over the years, but this appears to be the best revision yet.

The previous media player had four states... yes, four. It made for a confusing experience, even for owners who used the car every day.

The four states included:

• The "default" state included a small player closest to the driver with some of the most used buttons

• The second state was the enlarged view when you dragged up on the media player that revealed additional buttons such as shuffle and search

• There was also its minimized state, which placed the music player’s icon in the dock and led to confusion

• And lastly, if you had a music service open fully on the right part of the screen AND minimized the media player, then the player would hop over to the top of the larger music panel on the right.

It created for an inconsistent experience and all of the players had their downsides. There just wasn’t a solution that worked all of the time. Thankfully the new music player addresses most of these issues.

Tesla used to have a media player that ran along the bottom of the right part of the screen

What’s New

The first thing Tesla did was reduce the number of states essentially down to two. You have a regular media player and a minimized player. You don't have to drag up on the player to access the shuffle or search functions and you can’t “lose” the player by minimizing it to the dock anymore.

One-Tap Access to Shuffle, Repeat and Search

What Tesla did was move all of the crucial media functions from the previous larger player directly to the main player. This now gives you one-tap access to functions like shuffle, repeat, search, playback speed, audio levels, and search.

Not only were these functions hard to access before, but they were hidden underneath the player, making discovery for new owners difficult.

Improved Progress Bar

The progress bar on the previous player was difficult to see since it was just a slim line at the bottom of the player.

The new player has a thicker progress bar that separates the top portion of the player, which houses the album art, song title, and a couple of functions, and the bottom portion, which contains more controls. Tesla also added a circle to the progress bar, making it more obvious you can not only scrub through the media but also lets you easily see your current spot.

Accessing More Functions

More music player options open to the right

Since the larger media player was removed, so was some of the functionality that it included. All the important items were moved to the main media player such as audio settings and search, however, the other functionality such as access to Favorites, Sources, Recent Songs, and Next, was moved to the larger music app.

If you tap on the new music player, it’ll open up the current music app on the right side that includes music controls, as well as access to your favorites, music sources, upcoming songs and more.

This is also the only way to view the elapsed and remaining times for the current selection, which is useful for longer median such as audiobooks or podcasts.

New Minimized Player

Although the music player doesn't minimize to the dock, it does feature a minimalist version that docks to the bottom of the screen.

When you slide down on the audio player, it'll be reduced to a simple "one-line" player. It simply shows a music icon, the name of the title being played, and an arrow showing you the player can be made larger. There is no longer a gray music icon that appears in the dock when the player is in its “minimized” state.

The new music player no longer minimizes to the dock

Modern UI

The player itself also looks more modern, it now features a translucent background, instead of a solid color like before. The new background lets vehicle animations subtly shine through, a lot like the effects used on modern operating systems.

What Models Will Support It

According to Tesla’s social media post on X, the ‘Visual updates’ in update 2024.14 are limited to AMD Ryzen-based Model 3 and Model Y vehicles, meaning only vehicles manufactured after about 2022+. The exact timeline depends on your vehicle and region, but you can check to see which processor your vehicle includes by navigating to Controls > Software > Additional Vehicle Information.

New Player in Action [Video]

DominicBRNKMN shows off the new music player in action below.

Will We See Intel Atom Support?

The new music player isn’t doing anything crazy in this latest iteration. We believe we'll see this updated player come to Intel Atom vehicles eventually. The Cybertruck already includes the new media player, among the other design changes, so when Tesla said only for “Model 3/Y with AMD chip” on X, they likely meant in this specific update.

There's nothing that’s more computationally intensive about this new player except for maybe the translucent background, however, that’s already being done on Intel-based vehicles for some of the navigation modules. There isn’t anything new that the slower Intel processor couldn't handle.

It’s in Tesla’s best interest to keep a common interface between vehicles. Tesla wouldn't want to drastically change the way a common item like the "radio" works between different Model 3 and Model Y years if they didn't have to. That would complicate issues with service and documentation. Tesla wants owners to have the same UI as much as possible, so we there’s a good chance that we’ll see the new media player apply to Intel in the future.

Hopefully, in an upcoming update, Intel owners will receive this streamlined music player. Update 2024.14 is currently rolling out slowly to some vehicles. 

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