Cheapest Tesla: Your Guide to Affordable Electric Driving

Cheapest Tesla: Your Guide to Affordable Electric Driving

Tesla has taken the electric vehicle market by storm, offering a range of models that combine cutting-edge technology with impressive performance. If you're looking to make the switch to electric but are budget-conscious, this guide will help you navigate the cheapest Tesla options available in 2023.

Tesla Model 3: The Most Affordable Tesla

The 2023 Tesla Model 3 is the most affordable Tesla currently offered. The base rear-wheel drive (RWD) trim has an official starting price of $40,240. This price point is significantly lower than the average cost of an electric car, which is just over $53,000.
Here’s a breakdown of the different Model 3 versions and their costs:

- Model 3 Base: $40,240
- Model 3 Long Range: $47,240
- Model 3 Performance: $53,240

Customization Options for the Model 3

Tesla offers various customization options that can enhance the driving experience but will increase the overall cost:

- Pearl White Multi-Coat Paint: $1,000
- Deep Blue Metallic Paint: $1,000
- Solid Black Paint: $1,500
- Red Multi-Coat Paint: $2,000
- 19” Sport Wheels: $1,500 (Not available for the Performance model)
- Black and White Interior: $1,000
- Enhanced Autopilot: $6,000
- Full Self-Driving Capability: $15,000

Potential Savings with Tax Credits

All new Model 3 models are eligible for the full $7,500 federal clean vehicle tax credit. However, be mindful of the price caps: your Model 3 cannot exceed $55,000, so choose additional features wisely to ensure you still qualify for the credit.

Cost Breakdown of the Model 3

Tesla Model 3 Test Drive: Car Has Bite and Simple Interior - WSJ

To give you an idea of how much you might spend on a fully-loaded Model 3, here are the maximum prices for each trim:

- Standard Model 3: $59,740
- Model 3 Long Range: $66,740
- Model 3 Performance: $71,240

These prices include all the most expensive add-ons available.

Additional Costs to Consider

When purchasing a Tesla, there are several additional expenses to keep in mind:

- Order Fee: $250 non-refundable
- Destination and Documentation Fee: $1,390
- Taxes and Fees: Approximately $4,500 to $5,000 for Model 3 buyers
- Charging Equipment: Mobile Connector: $230, Wall Connector: $425 (plus $200 to $300 for professional installation)

Gas Savings with a Tesla Model 3

Switching from a gasoline-powered car to a Tesla can save you money on fuel costs. Tesla estimates that Model 3 owners can save around $800 per year on gas. The cheapest way to charge your Tesla is with solar panels, which could save you an additional $1,000 per year compared to traditional grid electricity.


The Tesla Model 3 offers an affordable entry point into the world of electric vehicles without compromising on performance or features. With various trims and customization options, you can tailor your Model 3 to fit your needs and budget. Plus, with federal tax credits and potential gas savings, the Model 3 is an economical choice for those looking to go green.For more detailed information and to explore other Tesla models, visit the Tesla Inventory Website.
By browsing this inventory, you can make an informed decision and find the cheapest Tesla that suits your lifestyle and budget.