How Much Tesla Car: Full Price Guide 2024
Tesla is a leader in electric cars, owning 49% of the market. In 2024, their cars cost from $38,990 to $116,630. This shows Tesla has both cheap and expensive cars.
The cheapest car, the Model 3, starts at $38,990. But the most expensive, the Model X, can cost over $113,000. Luckily, some Tesla cars can get you a $7,500 tax credit. This can make buying an eco-friendly car cheaper.
Key Takeaways
- Tesla's 2024 lineup ranges in price from $38,990 to $116,630, with the Model 3 as the most affordable and the customized Model X as the most expensive.
- Tesla holds a dominant 49% share of the electric vehicle market, solidifying its position as a market leader.
- The federal tax credit of $7,500 is applicable to select Tesla models, helping to reduce the overall cost for eligible buyers.
- The average cost of an electric car is around $55,000, making Tesla's offerings a mix of affordable and premium luxury options.
- Prices can fluctuate based on the selected model, package, and additional features, so it's important to research the latest pricing information.
Overview of Tesla's 2024 Pricing Structure
Tesla is still a big name in electric cars, even though BYD is now leading in sales. The 2024 Tesla lineup has many models. Each one has its own price, fitting different budgets and tastes.
Current Market Position
Tesla is a big player in electric cars. But, it faces more competition now. Tesla stays ahead by always bringing new tech and features.
Price Range Across Models
The Tesla models range from the Model 3 at $42,490 to the Model S and Model X over $100,000. This wide range helps Tesla reach more people, no matter their budget.
Factors Affecting Tesla Prices
Many things affect Tesla's prices. These include different trim levels, custom options, and price changes. Tesla can quickly adjust prices to stay competitive in the fast-changing EV market.
| Model | Price Range (MSRP) | Range (miles) | Acceleration (0-60 mph) |
|---|---|---|---|
| Model 3 | $42,490 - $54,990 | 260 - 358 | 3.1 - 5.8 seconds |
| Model Y | $44,990 - $59,990 | 283 - 331 | 3.5 - 6.6 seconds |
| Model S | $89,990 - $129,990 | 348 - 405 | 2.3 - 3.1 seconds |
| Model X | $99,990 - $138,990 | 280 - 348 | 2.5 - 3.8 seconds |
| Cybertruck | $49,900 - $69,900 | 250 - 500 | 2.9 - 6.5 seconds |
Tesla Model 3: Entry-Level Pricing and Options
The Tesla Model 3 is the most affordable electric car from Tesla. It's perfect for those who want a Tesla but don't want to spend a lot. The 2024 Model 3 has many options for different budgets and needs.
The cheapest Model 3 is the Standard Range Plus. It starts at $42,490. It can go up to 140 mph and go about 263 miles on one charge. The Long Range All-Wheel Drive Model 3 starts at $47,490. It can go 145 mph and go about 358 miles.
The Model 3 Performance is the most expensive. It starts at $54,990. It can go up to 162 mph and go about 315 miles. This car is for those who want fast acceleration and a fun drive.
Buyers can add many upgrades to their Model 3. You can get bigger wheels, nicer interiors, and more tech. These extras can make the car cost up to $62,990.
Some Model 3 trims might get a federal tax credit of up to $7,500. This can lower the cost of the car. It makes the Model 3 an even better Tesla affordable EV for those who qualify.
The Tesla Model 3 offers many Model 3 cost options. It also has tax incentives. This makes it a great choice for starting with Tesla.
Tesla Model Y: Most Popular EV Price Breakdown
The Tesla Model Y is a top pick in electric cars. It's known for its long range, flexibility, and cool looks. Let's look at how much it costs.
Base Model Costs
The cheapest Tesla Model Y is the Rear-Wheel Drive (RWD) model. It costs $44,990. It goes up to 303 miles on one charge and goes from 0 to 60 mph in 5.5 seconds.
The Long Range All-Wheel Drive (AWD) model costs $47,990. It has more power and traction.
Performance Version Pricing
The Tesla Model Y Performance is for those who want speed. It starts at $51,490. It goes from 0 to 60 mph in just 3.5 seconds.
This model has more power and is sportier. It's perfect for drivers who love excitement.
Available Upgrades and Add-ons
- Premium paint colors: $1,000 - $2,000
- Larger 21-inch wheels: $2,000
- Enhanced interior packages: $2,000 - $3,000
- Full self-driving capability: $12,000
All 2024 Tesla Model Y models get a federal tax credit of up to $7,500. This is if you qualify. With these savings and many options, you can make the Model Y your own.
How Much Tesla Car: Premium Model S Costs
The Tesla Model S is a top luxury sedan for EV fans. Prices for the 2024 Model S start at $74,990 and go up to $107,990. This gives buyers many choices to fit their needs and budgets.
The Model S Dual Motor AWD starts at $74,990 and can go up to $92,990. It comes with cool features like Autopilot and a fancy interior. The Plaid version starts at $89,990 and can reach $107,990 with extra features.
Even though the Model S is pricey, it doesn't get federal tax credits. But, there might be state incentives to help with the cost of this Tesla luxury sedan.
| Model S Trim | Starting Price | Max Price with Options |
|---|---|---|
| Dual Motor AWD | $74,990 | $92,990 |
| Plaid | $89,990 | $107,990 |
The Tesla Model S is a favorite among high-end EV lovers. It offers great performance, luxury, and tech. Even though it's pricey, it's a great choice for those wanting a top Model S price in the electric car world.
Model X: Luxury SUV Pricing Details
The Tesla Model X is a luxury SUV with many price options. It fits different budgets and tastes. This car gives a great drive and stays true to Tesla's values of innovation and green tech.
Standard Range Pricing
The basic Model X starts at $77,990. It goes 335 miles on a single charge. It also has 670 horsepower for quick 0-60 mph in 3.8 seconds.
Plaid Version Costs
The Model X Plaid costs $92,990. It has 1,020 horsepower for fast 0-60 mph in 2.5 seconds. But, it goes 326 miles on a charge.
Optional Features and Upgrades
- Seating configurations: The Model X can be customized with different seating arrangements, ranging from 5 to 7 seats, to accommodate your needs.
- Premium paint options: A variety of premium paint colors are available, allowing you to personalize the exterior of your Tesla Model X.
- Enhanced Autopilot: Tesla's advanced driver-assistance system, Autopilot, is included as a standard feature, but buyers can also opt for the Full Self-Driving capability through a $99 per month subscription.
The Tesla Model X is a top pick for luxury SUVs. It has great performance, cool features, and stylish looks. You can choose from the standard range or the Plaid for more power. The Model X is a mix of power, efficiency, and tech.
Cybertruck: Latest Addition to Tesla Lineup
The Tesla Cybertruck is a new and unique electric vehicle. It was launched in 2023 with a price of $60,990. Since then, the price has changed a lot.
The Cybertruck now costs between $99,990 and $119,990. You need to pay a $250 deposit when you order. The base model has a range of 340 miles and can go from 0 to 60 mph in 4.1 seconds.
The "Cyberbeast" model is the most expensive, at $199,990. It has a range of 320 miles and can go from 0 to 60 mph in 2.6 seconds. It also has a top speed of 130 mph and can tow 11,000 pounds.
| Model | Base Price | Range | Top Speed | 0-60 mph | Towing Capacity |
|---|---|---|---|---|---|
| Cybertruck Foundation Series | $99,990 | 340 miles | 112 mph | 4.1 seconds | - |
| Cybertruck Cyberbeast | $199,990 | 320 miles | 130 mph | 2.6 seconds | 11,000 lbs |
The Cybertruck's price has gone up a lot. Tesla also offers a range extender for $16,000. This makes the Cybertruck's range over 460 miles.
Production of the Cybertruck starts in early 2025. You can pay between $250 and $2,000 to reserve one. People are excited to see this new electric vehicle.
Federal Tax Credits and Incentives
Buying an electric vehicle (EV) is a big deal. But, there are federal tax credits and incentives to help. Tesla, a top EV maker, has models that get these benefits.
Eligible Models
Some Tesla models like the Model 3, Model Y, and Model X get a $7,500 tax credit. If the car's price and battery are certain ways, you might get it. Always check if your car is still eligible because rules can change.
Savings Breakdown
The EV tax credit can save you a lot of money. It's up to $7,500 and goes straight to your tax bill. If your taxes are $7,500 or more, you get the full credit. This lowers how much you pay for your Tesla.
State-Specific Incentives
States also offer their own EV perks. These can be extra tax credits, lower fees, or direct rebates. Look up what your state offers to save even more on a Tesla.
| Incentive | Eligible Tesla Models | Savings Amount |
|---|---|---|
| Federal Tax Credit | Model 3, Model Y, Model X | Up to $7,500 |
| California Clean Vehicle Rebate | Model 3, Model Y, Model X | Up to $2,000 |
| Massachusetts Rebate | Model 3, Model Y | Up to $3,500 |
| New York Rebate | Model 3, Model Y, Model X | Up to $2,000 |
Additional Costs of Tesla Ownership
Buying a Tesla is exciting but comes with extra costs. These include charging, maintenance, insurance, and upgrades. Each of these can add up.
Charging Expenses
Charging a Tesla costs vary by location and electricity rates. Home charging costs $10-$20 per charge. But, using Tesla Superchargers can cost $15-$30 per full charge.
Setting up home charging can cost $500 to $1,200. This depends on your electrical system.
Maintenance and Repairs
Maintenance for Teslas is often lower than other cars. But, it can still be pricey. The complex electrical systems and battery health can lead to big repair bills.
Performance tires, body repairs, and parts are also more expensive. This is because Tesla vehicles are special.
Insurance Costs
Tesla insurance is often more than regular car insurance. This is because of the advanced tech and repair costs. Full coverage insurance for a Tesla can cost $255 to $413 monthly.
Optional Upgrades and Subscriptions
Tesla has many optional features and upgrades. These include Full Self-Driving for $15,000, Enhanced Autopilot for $6,000, and a premium connectivity package for $9.99 monthly. These extras can increase the cost of owning a Tesla.
While Teslas are innovative and perform well, the extra costs are important to think about. They should be part of your budget when buying a Tesla.
Comparison of Tesla Models by Price Range
Choosing a Tesla can be tough because of all the models and options. Knowing the prices helps buyers make a smart choice. Let's look at the different price ranges and Tesla models.
Entry-Level Options
The Tesla Model 3 Rear-Wheel Drive (RWD) and Tesla Model Y Rear-Wheel Drive (RWD) are affordable. They start at $38,990 and $44,990. They're a great way to start with Tesla.
Mid-Range Choices
The mid-range includes higher trims of the Model 3 and Model Y. Prices range from $47,490 to $63,490. They offer good performance and value.
Premium Selections
The top models are the Model S and Model X. The Model S starts at $74,990, and the Model X at $89,990. They offer luxury and top performance, up to $113,000.
The Tesla Cybertruck fits in both mid-range and premium categories. Prices are from $60,990 to $99,990, depending on the trim.
| Tesla Model | Price Range (New) | Price Range (Used) | Range (EPA Estimated) | Trunk Capacity |
|---|---|---|---|---|
| Model 3 | $38,990 - $46,990 | $20,000 - $56,000 | 409 - 629 km | Rear: 594 L, Front: 88 L |
| Model Y | $42,990 - $52,490 | $32,000 - $75,000 | 409 - 600 km | Rear: 854 L (Seats up), 2,041 L (Seats folded), Front: 117 L |
| Model S | $74,990 - $89,990 | $15,000 - $110,000 | 628 - 723 km | Rear: 1739 L, Front: 183 L |
| Model X | $79,990 - $94,990 | $35,000 - $125,000 | 507 - 625 km | Rear: Up to 2,410 L, Front: 183 L |
| Cybertruck | $60,990 - $99,990 | $69,000 - $109,000 | TBA | TBA |
Knowing the prices and features of each Tesla model helps buyers make a good choice. It's about finding the right fit for your budget and needs.
Conclusion
Tesla has many electric cars for different budgets. Prices start at $38,990 for the Model 3 and go over $113,000 for the Model S. Tesla's prices change often, but they keep making electric cars better.
The Tesla brand is getting bigger in the EV world. They are working on new cars like the second-generation Roadster. But, the Roadster might cost $200,000, which is a lot. Still, Tesla keeps pushing for green cars and that's good for the future.
If you want a Tesla, think about the costs and how to charge it. Tesla's prices and cars will help make electric cars more common. This is good for our planet.
FAQ
What is the price range for Tesla cars in 2024?
Tesla cars cost between $38,990 and $116,630 in 2024.
What is Tesla's current market share?
Tesla has 49% of the EV market.
Are there any federal tax credits available for Tesla models?
Yes, some Tesla models get a $7,500 federal tax credit.
What is the cheapest Tesla model available?
The cheapest Tesla is the Model 3 Rear-Wheel Drive at $38,990.
What is the most expensive Tesla model?
The most expensive Tesla is the Model X with premium customizations over $113,000.
How often do Tesla prices fluctuate?
Tesla prices change often. Accessories can also increase the cost.
How does Tesla compare to other EV manufacturers in the market?
Tesla leads the EV market, even though BYD is catching up in sales.
What are the starting prices for the different Tesla model trims?
The 2024 Model 3 starts at $42,490. The Model Y RWD is $44,990. The Model S Dual Motor AWD is $74,990. The Model X AWD starts at $79,990.
What features or customizations can increase the prices of Tesla models?
Prices go up with trim levels, customizations, and Tesla's price changes.
Which Tesla models currently qualify for federal tax credits?
Some trims of the Model 3, Model Y, and Model X qualify for up to $7,500 in federal tax credits.
What other costs should be considered when owning a Tesla?
Costs include charging, maintenance, and insurance.
How do Tesla's price ranges compare across their model lineup?
Tesla has electric vehicles from $38,990 to over $113,000. They fit many budgets and tastes.