Prices for All 2023 Tesla Models
Updated
Unless you’ve been living under a rock, you know that Tesla is one of the most forward-thinking automotive firms in the industry.
Note: This article has been updated to reflect the latest prices as of January 2023.
Tesla has single-handedly proven that electric cars can be exciting, desirable, and affordable.
If you’re looking to buy a Tesla right now, there’s good news for you: you can now claim a $7,500 tax credit on certain models.
Read on to find out what it costs to buy, customize, charge, and maintain a Tesla in 2023.
Purchase process: Buying a Tesla is different
Tesla is unique – and not just because of their branding and design. When you buy a Tesla, regardless of the model or trim level, you work directly with Tesla, not a third-party sales force as you would with traditional car brands
In fact, you can buy a Tesla remotely from the comfort of your home. Just go to their website, customize the vehicle of your choice, place your order, and wait for it to be delivered. There are no haggling, pushy salesmen, or dealership gimmicks.
While Tesla doesn't have dealerships, they do have showrooms for those seeking an "in-store" experience. There, you can go for a test drive, speak with a specialist, or customize your car. But even at the showroom, you still place the order using the official Tesla website.
The website will show you two different prices listed for each car:
- Purchase price
- Potential savings
The purchase price is the real sticker price of the car. It's also the price that we've used when discussing Tesla prices throughout this blog.
The potential savings price, which is shown to website users by default, is your estimated cost of ownership after EV incentives and potential gas savings. We're not fans of prices being presented this way as it doesn't reflect the amount you will actually have to pay to buy the car. Plus, incentive eligibility and gas savings can vary significantly from person to person.
How much does each Tesla model cost?
A Tesla can cost as little as $46,990 or as much as $160,990, it all depends on which Tesla model you choose, and what features you want to add to the vehicle.
We've created a handy table to show you the price range for every Tesla model and version. Prices for Teslas are the same across the country, so the price of a Model 3 in New York will be the same as one in Beverly Hills. But remember the final price will depend on how you customize your ride.
All prices shown here are the final retail prices, straight from the Tesla website.
Prices of all Tesla models in 2023
| Model and version | Max range* | Base price | Fully loaded** |
|---|---|---|---|
| Model 3 Rear-Wheel Drive ($7,500 tax credit applies) | 272 miles | $46,990 | $63,490 |
| Model 3 Long Range | 358 miles | $57,990 | $74,490 |
| Model 3 Performance | 315 miles | $62,990 | $77,990 |
| Model Y Long Range ($7,500 tax credit applies to 7-seat option) | 330 miles | $65,990 | $86,990 |
| Model Y Performance | 303 miles | $69,990 | $85,990 |
| Model S | 405 miles | $104,990 | $125,990 |
| Model S Plaid | 396 miles | $135,990 | $156,990 |
| Model X | 351 miles | $120,990 | $149,490 |
| Model X Plaid | 333 miles | $138,990 | $160,990 |
*The max range achievable using the most fuel-efficient options for each variant. All estimates provided by Tesla, which has been accused of inflating advertised ranges.
**Price after adding the most expensive customizations and add-ons offered, including Full Self Driving Capability. Does not include additional fees and taxes.
Tesla Model 3 price
The 2023 Tesla Model 3 has an official starting price of $46,990 for its base rear-wheel drive (RWD) trim. The base model also qualifies for the $7,500 tax credit. This makes it the cheapest Tesla car currently offered.
The Model 3 is Tesla’s cheapest vehicle. It will set you back between $46,990 and $77,990, depending on trims and customizations. Image courtesy of Tesla Inc.
The Model 3 is also very popular: it is the top-selling EV in the world, with roughly half a million sold globally during 2021.
The top-level Performance trim, which begins at $62,990, sacrifices some of that extra range for better speed and acceleration. It also throws in bells and whistles like 20” wheels and alloy pedals.
The Model 3 — like all Teslas — comes standard with a 4-year/50,000-mile basic vehicle warranty and an 8-year battery and powertrain warranty. The mid-level variant, the Model 3 Long Range, features all-wheel drive and gets you 86 miles of extra range; it starts at $57,990.
Are you looking for a $35,000 Model 3?
Elon Musk did repeatedly promise that the Model 3 would cost this much, after all. Well, Tesla did offer it – as a hard-to-find, "off-menu" item – but this version was discontinued in 2021.
Tesla Model Y price
The Model Y is Tesla’s offering in the fast-growing crossover vehicle category. The 2023 Tesla Model Y has a starting price of $65,990 for the cheaper Long Range trim and $69,990 for the higher-end Performance variant.
Need more space than a Model 3 but don’t have the budget for a Model X? The crossover Model Y might be what you’re looking for. It will cost you anywhere between $65,990 and $86,990, depending on the selected variant and add-ons. Image courtesy of Tesla Inc.
The Model Y Long Range variant qualifies for the $7,500 EV tax credit, but only when you purchase the three-row option for an additional $3,000.
The Model Y Performance offers a sportier ride with a more luxe interior, starting at $69,990. It does not, however, offer the option of a third row.
The Model Y drives, looks, and feels a lot like the Model 3 – which is not surprising given that they share many of the same parts. The main difference is that the Model Y is larger, offering more space for both passengers and cargo.
The Model Y Long Range is available in two seating configurations: the standard two rows that seat five passengers or, three rows that seat seven for an additional $3,000.
Tesla Model S price
The Model S is Tesla’s premium offering, and it offers the longest range of all the Tesla vehicles. The 2023 Tesla Model S is currently available at a starting price of $104,990 for the standard dual-motor variant.
The Model S starts at $104,990 for the Long Range variant, and $135,990 for the Plaid. Image courtesy of Tesla Inc.
If you’re looking for Tesla’s fastest vehicle, it’s the three-motor Model S Plaid variant. It can take you from 0 to 60 mph in just 1.99 seconds - making it the quickest mass-market car in existence - and has a high speed of 200 mph. This variant has a starting price of $135,990.
The Model S underwent a long-awaited refresh in 2021, which saw the vehicle’s performance improved and new features added, including the controversial steering yoke.
Plans for an even more powerful Model S – the Plaid+ – have been canceled, with CEO Elon Musk quipping: "No need, as Plaid is just so good."
Tesla Model X price
The Model X is Tesla’s larger SUV option, known for its distinctive ‘falcon-wing’ doors. At $120,990, the 2023 Tesla Model X standard variant has a higher base price than any other base model Tesla.
The Model X has seen a recent design refresh as well as multiple price hikes. The Model X now retails for $120,990, while the Model X Plaid starts at $138,990. Image courtesy of Tesla Inc.
The standard Model X comes with three seating options: 5-seater, 6-seater, and 7-seater. The 6-seater option uses captain’s chairs and is the most spacious configuration, but it’s also the most expensive, adding $6,500 to the price.
The faster, more luxurious Model X Plaid variant starts at $138,990. It offers only one seating layout, the 6-seat configuration.
$7,500 federal EV incentive
These are the Tesla models that currently qualify for the $7,500 EV tax credit:
- Model 3 Rear Wheel Drive
- Model Y Long Range (7-seat variant)
To qualify for the tax credit, the manufacturer’s suggested retail price (or the ‘Purchase Price’ to use Tesla’s term) must be under $55,000 for a sedan, or under $80,000 for an SUV.
The 7-seat variant of the Model Y’s Long Range qualifies as an SUV, but the standard 5-seat variant does not. As of now, there is no 7-seat option for the Model Y Performance.
State-level incentives and rebates
Some states provide sizable cash incentives and tax rebates on EV purchases.
Connecticut offers up to $9,500 on EV purchases through its CHEAPR initiative, while Colorado offers a $2,500 state tax credit if you buy an EV with cash (or $1,500 if you lease one).
Other states offer associated benefits like reduced or free tolls, and unlimited access to HOV lanes.
How much do Tesla customizations and add-ons cost?
The customization options for Teslas are quite limited. On the positive side, that’s fewer decisions for you to make when ordering your car. On the negative, it means less freedom to personalize your vehicle when compared to, say, the Porsche Taycan.
The table below shows you all Tesla add-on options and how much they cost.
The cost of Tesla customizations by model
| Feature | Model 3 | Model Y | Model S | Model X |
|---|---|---|---|---|
| Enhanced Autopilot | $6,000 | $6,000 | $6,000 | $6,000 |
| Full Self-Driving Capability | $15,000 | $15,000 | $15,000 | $15,000 |
| Tow Hitch | - | $1,000 | - | - |
| Charging | ||||
| Mobile Connector | $230 | $230 | $230 | $230 |
| Wall Connector | $350 | $350 | $350 | $350 |
| SUV Layouts | ||||
| Five seats* | - | $0 | - | $0 |
| Six seats** | - | - | - | $0/$6,500 |
| Seven seats*** | - | $3,000 | - | $3,500 |
| Interior style | ||||
| All Black | $0 | $0 | - | - |
| Black and White | $1,000 | $1,000 | - | - |
| All Black - Ebony/Carbon Fiber Decor (Standard/Plaid variants) | - | - | $0 | $0 |
| Black and White - Walnut/Carbon Fiber Decor (Standard/Plaid variants) |
- | - | $2,000 | $2,000 |
| Cream - Carbon Fiber Decor (Plaid only) | - | - | $2,000 | $2,000 |
| Paint color | ||||
| Pearl White Multi-Coat | $0 | $0 | $0 | $0 |
| Midnight Silver Metallic | $0 | $0 | $1,500 | $1,500 |
| Deep Blue Metallic | $1,000 | $1,000 | $1,500 | $1,500 |
| Solid Black | $1,500 | $1,500 | $1,500 | $1,500 |
| Red Multi-Coat | $2,000 | $2,000 | $2,500 | $2,500 |
*Included ($0) for both Model Y variants as well as the Model X (standard). Not available in the Model X Plaid.
**Included ($0) Model X Plaid, but $6,500 extra in the Model X (standard).
***Only available for the Model Y Long Range and Model X (standard).
The color customizations are also the same across all Tesla vehicles, although costs can vary across models. The availability of other customizations is more limited; Carbon Fiber Decor interior styling, for instance, is only available for the Plaid versions of the Model X and Model S.
Full Self-Driving (FSD) Capability is the crown jewel of Tesla’s additional options – and much more powerful than the Basic Autopilot function that comes standard. FSD allows Autopilot navigation, Auto Lane Change, Autopark, and the parking lot Summon feature. Buying FSD with your vehicle now costs $15,000, and ensures that you’ll receive all future updates to FSD features at no additional cost.
Are there any extra or hidden costs when buying a Tesla?
Yes, as with the purchase of any new vehicle, there are several additional expenses you should account for when purchasing a Tesla.
- Order fee: A $250 non-refundable order fee is charged at the time of the order.
- Destination and documentation fee: You’ll have to pay a $1,200 destination and documentation fee for the delivery of your vehicle. Most car makers charge about this much.
- Taxes and fees: Model 3 buyers report paying between $4,500 and $5,000 in taxes and fees. You should expect to pay more if you buy one of the pricer cars, i.e. a Model X or Model S.
- Charging equipment: Tesla no longer provides a charger with their cars, so make sure to get one. There are two options: the $230 Mobile Connector, or the $350 Wall Connector. The Mobile Connector is slower, but can also fit into regular outlets. The Wall Connector – Tesla’s recommended option – is faster but requires a professional electrical installation which could cost you $200-300.
The good news is that Tesla has stopped charging two large fees: the refundable $1,000 reservation fee and the $2,500 order deposit; both were dropped in 2019.
Do Tesla gas savings reduce the cost of owning a Tesla?
Yes, you will almost certainly save on fuel costs by switching from a gasoline-powered car to a Tesla (or any EV for that matter), especially when gas prices are high.
Tesla provides gas savings estimates for each model on its website. For the Model 3, we were shown an estimated gas savings of $6,600 over six years, or $1,100 annually. For Tesla’s larger SUV, the Model X, the gas savings were even higher: $8,400 over six years.
Tesla’s estimates are based on assumptions about your electricity costs and annual driving distance, so they may not be very accurate for you. You can see a more useful figure by adjusting these inputs on Tesla's estimator. To do this, simply click on the ‘Customize’ button on Tesla’s order pages. When we adjusted the estimator’s electricity price input - from 14 cents per kilowatt-hour (kWh) to 23 cents per kWh (the typical cost in California) - we saw the six-year gas savings on a Model 3 fall from $6,600 to just $4,800.
But, Tesla's estimator doesn’t allow you to account for factors like your driving style and preferred charging method. To adjust for a greater number of variables and see a more accurate savings estimate check out the calculators offered by Teslanomics.
How much does it cost to charge a Tesla?
If you’re charging a Tesla at home using utility power, it will cost you between $7 and $16 to charge a Tesla from a zero charge.
Unless you drive more than 50 miles per day, you won’t actually need to charge your Tesla all that much. Image courtesy of Tesla Inc.
Another way to look at this cost is by the cost per mile metric. We analyzed the data and found that it cost between 2.9 and 4.7 cents per mile to charge a Tesla, depending on the make and model.
Gas-powered vehicles, on the other hand, cost about 20 cents per mile to drive. It's substantially cheaper to drive an EV, even if the upfront cost is a bit higher.
And if you install solar panels on your home and use the power generated to charge your Tesla, the charging cost will be even lower.
Check out our detailed blog on the cost of charging a Tesla.
What does it cost to service and maintain a Tesla?
Tesla vehicles have lower maintenance costs than conventional gas-powered cars. The reason for this is simple: EVs have fewer moving parts than gas engines, so there is less need for service and repairs.
In fact, Tesla updated its guidance a couple of years ago to let drivers know that annual servicing isn’t necessary. The company now recommends service only when a part is scheduled for checking or replacement.
Many Tesla owners say their only out-of-pocket maintenance costs within the first two years of ownership were related to their tires. This is mostly just periodic tire rotation, but some drivers said they needed to replace their tires early due to excessive wear and tear brought on by aggressive driving.
Projected five-year maintenance costs for a Model 3 come to about $980 total, assuming you change the parts yourself using Tesla’s DIY guides.
Prices of upcoming Tesla models: Cybertruck, 'Model 2', and Roadster
If you’re more interested in one of Tesla’s upcoming offerings, here’s a quick look at what you can expect to pay for each model, and when they're scheduled to be released.
| Model | Base price | Max price | Expected launch |
|---|---|---|---|
| CyberTruck | $39,900 | $69,900+ | Late 2023 |
| Roadster | $200,000 | $250,000 | 2023? |
| Model 2 | $25,000 | ? | 2025? |
The prices and release dates mentioned above are based on the latest information provided by Tesla. We recommend taking them with a grain of salt; after all, Tesla is notorious for repeated production delays and price changes.
Tesla Cybertruck
The Tesla Cybertruck is expected to enter production at Tesla’s Giga Texas factory this year (2023), with initial deliveries likely to start before the end of the year.
Analysts believe that Tesla will focus on releasing the tri-motor variant first – the most powerful and expensive trim – with the cheaper dual and single-motor versions to follow sometime in 2024.
There's a lot less clarity on the actual cost of the Cybertruck on release. Tesla removed all mention of Cybertruck prices from their website back in October 2021.
You can currently book the Tesla Cybertruck by paying just $100 as a deposit.
Tesla and its CEO Elon Musk faced embarrassment when the Tesla Cybertruck’s 'armor glass' windows shattered during the vehicle’s unveiling. Despite the hiccup, over a million Americans paid the $100 deposit to book one. Image credit: Sky News
The reveal of the retro-futuristic Tesla Cybertruck back in November 2019 definitely had people talking. While people have mixed feelings about its looks, all agreed that if Tesla does actually deliver on the Tesla Cybertruck at competitive prices, this pickup could pick up massive market share.
New Tesla Roadster
Tesla promises the new Tesla Roadster will be the fastest street-legal car yet, with a top speed of 250 mph and acceleration that will take the car from 0 to 60 mph in just 1.9 seconds.
But all that speed won’t come cheap. The first 1,000 Tesla Roadsters produced will be sold as the Founder Series for $250,000 each, while all Roadsters after that will retail for $200,000.
The new Tesla Roadster will be a major refresh of the first-generation Tesla Roadster that was available from 2008 to 2012. While not many were sold, the original Roadster changed the automotive scene by proving that an electric car could deliver amazing performance and provide a decent driving range.
The $25,000 car (the Tesla ‘Model 2’)
In September 2020, Elon Musk teased the upcoming release of a new mass-market vehicle that will cost just $25,000.
This caused feverish speculation among Tesla watchers, with some suggesting the imminent release of a Tesla hatchback named the Model 2. However, these rumors were shut down by Musk in January 2022, when he announced that development work was on hold, and offered no indication of when it might resume. It appears highly unlikely that we’ll see this car any time before 2025.
Are Tesla cars worth the price?
While Teslas aren’t the cheapest cars around, they offer plenty of bang for your buck.
They are emissions-free, boast excellent safety ratings, offer fantastic driving performance, and have long driving ranges. They also come with low running costs, especially when compared to conventional gas-powered vehicles.
Furthermore, owning Tesla allows you to use a home solar panel system as a fuel source. Solar panels generate power that is both clean and cheap, so using them to charge your vehicle will amplify the already great environmental and cost benefits of Tesla ownership.
If you’re thinking of buying a Tesla, definitely consider pairing it with a home solar panel installation.
Key takeaways
- Here are the price ranges for each Tesla model: Model 3 $46,990–$77,990, Model Y $65,990–$86,990, Model S $104,990–$156,990, and Model X $120,990–$160,990.
- The $7,500 federal EV tax credit is available on some models, while some states offer additional rebates and incentives.
- Don't be fooled by the 'Potential savings' price on Tesla's website. The ‘Purchase price’ option shows you the real sticker price of the car.
- When buying a Tesla, expect these extra and hidden costs: a $250 non-refundable order fee; a $1,200 destination and documentation fee, $4,500-$5,000 in estimated taxes and fees (on a Model 3), and $350 plus installation for the recommended charger.
Zeeshan Hyder
SolarReviews Blog Author
Zeeshan is passionate about promoting renewable energy and tackling climate change. He developed these interests while studying at beautiful Middlebury College, Vermont, which has a strong focus on sustainability. He has previously worked in the humanitarian sector — for Doctors Without Borders — and in communications and journalism.