The cheapest Tesla you can buy right now is the Model 3 Rear-Wheel Drive, making electric vehicle ownership more accessible. At WHAT.EDU.VN, we delve into the pricing of various Tesla models, helping you make an informed decision. Discover affordable electric vehicles and Tesla’s entry-level options with our comprehensive guide, ensuring you find the perfect electric car within your budget.
1. Tesla MSRPs at a Glance
Here’s a quick overview of Tesla’s Model Year (MY) 2025 prices, excluding any potential savings from incentives or customization:
| Model | Base Price | Max Price |
|---|---|---|
| Model 3 | $42,490 | $62,990 |
| Model Y | $44,990 | $63,490 |
| Model X | $84,990 | $125,490 |
| Model S | $79,990 | $112,990 |
| Cybertruck | $79,990 | $99,990 |
2. How Much Does a Tesla Model Cost?
Tesla’s prices range from $42,490 to $125,490, depending on the model and features.
The Model 3 Rear-Wheel Drive is the cheapest Tesla, starting at $42,490, which is less than the average electric car cost of $55,000. The Cybertruck Cyberbeast is the most expensive, starting at $99,900.
Remember that the price can fluctuate based on chosen features. Red Teslas, for instance, are more expensive than the standard stealth gray.
All Model Y and Model 3 versions are eligible for a full $7,500 Federal Clean Vehicle Tax Credit. The Cybertruck is also eligible for the electric car tax credit. However, the Model 3 cannot exceed $55,000, and the Model Y cannot exceed $80,000.
3. Tesla Model 3 Price
Image courtesy of Tesla, Inc.
The Tesla Model 3 is currently the cheapest Tesla car. The base rear-wheel drive (RWD) trim level starts at $42,490, while the Long Range version is priced at $47,490. The Performance model is the most expensive, starting at $54,990.
All Model 3 variants qualify for the $7,500 federal electric vehicle tax credit. However, adding physical add-ons can make the Model 3 Performance variant too expensive to qualify for the tax credit.
| Model and Version | Base Price | Max Price | Federal Tax Credit Value | Mileage Range |
|---|---|---|---|---|
| Model 3 Rear-Wheel Drive (RWD) | $42,490 | $54,490 | $7,500 | 363 Miles |
| Model 3 Long Range All-Wheel Drive (AWD) | $47,490 | $59,490 | $7,500 | 346 Miles |
| Model 3 Performance AWD | $54,990 | $64,490 | $7,500 | 298 Miles |
3.1 Tesla Model 3 Financing Options
You can finance or lease your electric car through Tesla. Here are the estimated financing and lease payments for a Tesla Model 3:
| Model 3 Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Model 3 Long Range Rear-Wheel Drive | $299 | $589 |
| Model 3 Long Range All-Wheel Drive | $349 | $662 |
| Model 3 Performance All-Wheel Drive | $599 | $773 |
*Assumes $2,999 down, 36 month term, 10,000 miles.
**Assumes $3,999 down, 1.99% APR, 72 months
3.2 Tesla Model 3 Accessories
Many accessories are available for Tesla models to keep them organized and ensure the car meets all of your needs, from snow chains to pet liners.
Here are some top accessories for the Tesla Model 3:
- All-Weather Floor Mats
- Car Cover
- Center Console Organizer
4. Tesla Model Y Price
Image courtesy of Tesla, Inc.
Tesla’s top-selling car, the Model Y, combines space and affordability with up to 337 miles of EPA estimated range.
The most you’ll pay for a Model Y is $63,490 when fully loaded. There are four variants of the Model Y that come at different price points:
| Model and Version | Base Price | Max Price | Federal Tax Credit Value | Mileage Range |
|---|---|---|---|---|
| Model Y Long Range RWD | $44,990 | $49,990 | $7,500 | 337 Miles |
| Model Y Long Range AWD | $47,990 | $58,990 | $7,500 | 311 Miles |
| Model Y Performance AWD | $51,490 | $63,490 | $7,500 | 277 Miles |
| Model Y Launch Series | $59,990 | $59,990 | $7,500 | 327 Miles |
4.1 Tesla Model Y Financing
Financing a Model Y can help you pay for your Tesla without having the upfront cash. Here are the estimated financing and lease options for a Tesla Model Y:
| Model Y Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Model Y Long Range RWD | $199 | $444 |
| Model Y Long Range AWD | $299 | $493 |
| Model Y Performance AWD | $499 | $551 |
| Model Y Launch Series | $599 | $725 |
*Assumes $2,999 down, 36 month term, 10,000 miles.
**Assumes $3,999 down, 5.84% APR, 72 months
4.2 Tesla Model Y Accessories
The available accessories highlight Tesla’s versatility. For example, the Model Y has options such as all-weather interior liners and even an air mattress that can fit in the back of the car. Most accessories are priced between $35 to $500 but expect to pay more for protective coatings or tire packages.
Some popular accessories include:
- All-Weather Floor Mats
- Rear Trunk and Frunk Storage Organizers
- Air Mattress
5. Tesla Model S Price
Image courtesy of Tesla, Inc.
The Model S, Tesla’s premium offering, has 410 miles of range. The standard dual-motor variant currently starts at $79,990. With all upgrades, that price shoots to $97,990.
Tesla’s fastest vehicle, the three-motor Model S Plaid variant, can go from 0 to 60 mph in just 1.99 seconds with a top speed of 200 mph. The Plaid variant starts at $94,990 but can reach over $112,000, depending on customization.
The Model S exceeds the MSRP limits for the tax credit.
| Model and Version | Base Price | Max Price | Federal Tax Credit Value | Mileage Range |
|---|---|---|---|---|
| Model S AWD | $79,990 | $97,990 | $0 | 410 Miles |
| Model S Plaid | $94,990 | $112,990 | $0 | 410 Miles |
5.1 Tesla Model S Financing
Here are the estimated financing and lease options for a Tesla Model S:
| Model S Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Model S AWD | $891 | $1,172 |
| Model S Plaid | $1,040 | $1,420 |
*Assumes $7,500 down, 36 month term, 10,000 miles.
**Assumes $3,999 down, 5,84% APR, 72 months
5.2 Tesla Model S Accessories
If you want to enhance your Model S’s features, there are great accessories to add, ranging from pet liners to keep your seats clean to the Track Package, which can cost up to $20,000. The Track Package allows you to drive your Tesla with a little wreckless flair, allowing up to 200 miles an hour with aluminum wheels, track-ready wheels, and high-performance brake pads.
Some accessories include:
- Pet Liners
- Track Package
- All-Weather Floor Mats
6. Tesla Model X Price
Image courtesy of Tesla, Inc.
The Model X is Tesla’s larger SUV option, known for its distinctive ‘falcon-wing’ doors. At $84,990, the Tesla Model X standard variant has a higher starting price than any other base model Tesla.
The faster, more luxurious Model X Plaid variant starts at $99,990 but can reach an impressive $125,490 price tag with customizations. Like Model S, the Model X is too expensive to receive the EV tax credit.
| Model and Version | Base Price | Max Price | Federal Tax Credit Value | Mileage Range |
|---|---|---|---|---|
| Model X AWD | $84,990 | $110,490 | $0 | 329 Miles |
| Model X Plaid | $99,990 | $125,490 | $0 | 314 Miles |
6.1 Tesla Model X Financing
Here are the estimated financing and lease options for a Tesla Model X:
| Model X Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Model X AWD | $1,041 | $1,254 |
| Model X Plaid | $1,191 | $1,502 |
*Assumes $7,500 down, 36 month term, 10,000 miles.
**Assumes $3,999 down, 5,84% APR, 72 months
6.2 Tesla Model X Accessories
The Model X accessories are pretty classic, offering interior liners and even a winter tire package for those who need extra stability in the colder months.
Some accessories include:
- Interior Liners
- Winter Tire Package
- All-Weather Floor Mats
7. Tesla Cybertruck Price
The Tesla Cybertruck is the truck option offered by Tesla. With three models and a distinctly futuristic design, it will cost between $79,990 and $99,990 to get your hands on a Cybertruck.
The Cybertruck’s all-wheel base model costs $79,990. The Cyberbeast, with all the bells and whistles, like 2.6 seconds to 60 MPH, costs $99,990.
The Cybertruck is only available for pre-order with an expected delivery date in 2025. These electric trucks are too expensive to receive the federal EV tax credit.
| Model | Cost | Mileage Range |
|---|---|---|
| Cybertruck All-Wheel Drive | $79,990 | 335 Miles |
| Cyberbeast | $99,990 | 301 Miles |
7.1 Cybertruck Financing
| Cybertruck Variant | Estimated Monthly Lease Payment* | Estimated Monthly Financing Payment** |
|---|---|---|
| Cybertruck AWD | $807 | $965 |
| Cyberbeast | $908 | $1,383 |
*Assumes $7,500 down, 36 month term, 10,000 miles.
**Assumes $4,999 down, 2.99% APR, 72 months
7.2 Cybertruck Accessories
The Cybertruck offers fewer accessories than the more established Tesla models, but that will likely change as more Cybertrucks become available. What they do have are unique options for an outdoor lifestyle, like a Cybertent for camping.
Some accessories include:
- Cybertent
- All-Weather Interior Liners
- Spare Tire Kit
8. Tesla Tax Credits and Incentives for Electric Vehicles
Five new Tesla models qualify for the $7,500 federal tax credit for electric vehicles: the Model 3 Long Range All-Wheel Drive (AWD), The Model 3 Performance AWD, Model Y Long Range RWD, Model Y Long Range AWD, and the Model Y Performance AWD.
The following table breaks down the cost of each Tesla model before and after the EV tax credit:
| Model | MSRP | Cost After Tax Credit |
|---|---|---|
| Model 3 Long Range RWD | $42,490 | $34,990 |
| Model 3 Long Range AWD | $47,490 | $39,990 |
| Model 3 Performance AWD | $54,990 | $47,490 |
| Model Y Long Range RWD | $44,990 | $37,490 |
| Model Y Long Range AWD | $47,990 | $40,490 |
| Model Y Performance AWD | $51,490 | $43,990 |
| Model Y Launch Series | $59,990 | $52,490 |
| Cybertruck | $79,990 | $72,490 |
Remember, not all Teslas qualify for the EV tax credit. Check the model year and ask for the VIN to confirm the car qualifies. Adding customizations to your Model 3 Performance may exceed the IRS MSRP limits and disqualify your vehicle from receiving the tax credit.
You can also get a tax credit when purchasing a used Tesla, with slightly different eligibility criteria than when buying a new model.
Some states offer additional rebate programs for EV purchasers to help reduce the upfront costs of getting an electric car. You may also live in an area that offers EV charging installation rebates, free toll programs, or the use of HOV lanes.
9. Prices of Upcoming Tesla Models: 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 |
|---|---|---|---|
| Roadster | $200,000 | $250,000 | Potentially in 2026 |
| Model 2 | $25,000 | N/A | No longer available |
The Tesla Roadster promises to be the fastest street-legal car yet, with a top speed of 250 miles per hour and an impressive range of 620 miles. The Roadster can be reserved with a $5,000 initial deposit, with $45,000 due within ten days of pre-ordering.
These prices and release dates are based on the latest information provided by Tesla.
10. Are There Any Extra or Hidden Costs When Buying a Tesla?
Yes, as with any new vehicle purchase, you should account for additional expenses when buying a Tesla.
- Order Fee: A $250 non-refundable order fee.
- Destination and Documentation Fee: A $1,390 fee for delivery.
- Taxes and Fees: Expect to pay between $4,500 and $5,000.
- Charging Equipment: Tesla does not provide a charger, so purchase the $250 Mobile Connector or the $450 Wall Connector.
11. Tesla Financing Rates and Lease Options
Leasing and financing options are available to make Teslas more attainable.
11.1 Tesla Financing Options
You can finance your Tesla via a third-party loan or directly with Tesla.
Tesla’s financing rates range anywhere from 1.99% to 12.65%, depending on the term length and your credit score. Tesla buyers with better creditworthiness will earn a lower APR. The longer the term, the higher the rate.
When financing via Tesla, you can pay monthly via the Tesla App. It’s important to note that you cannot finance a Tesla vehicle that you plan to use for ride-share purposes.
11.2 Tesla Car Leasing Options
Tesla offers leases in 44 states for eligible applicants. Here are a few important things to note with a Tesla lease:
- After April 2022, no leased Teslas can be purchased at the end of the lease term.
- Each mile over the lease agreement will be charged $0.25 per mile.
- You cannot earn the federal EV tax credit on a leased vehicle.
Leasing is a good option for those who don’t drive every day, who have a short commute, or for people who don’t want to own the vehicle once the lease is up.
12. Do Teslas Really Save Money on Gas?
Teslas save between $1,000 and $1,500 on average on gas costs annually. The cost to charge a Tesla varies between models, but most drivers will spend about $626 annually to charge their car with electricity versus over $1,500 to fill up a gas car.
Your actual annual gas savings will vary depending on where you live, how much you drive, and what your utility charges for electricity.
No matter how you slice it, you’ll save money by charging your car at home instead of heading to the gas station. You can charge a Tesla for even less by charging with solar panels.
With enough solar panels to cover your charging needs, you could save over $100 monthly compared to a gas car. That’s $1,200 more you can keep in your pocket when you skip the grid!
13. Tesla Maintenance Costs and Service Fees
Tesla vehicles have lower maintenance costs than conventional gas-powered cars because EVs have fewer moving parts than gas engines.
Tesla even says that annual servicing might not be necessary and recommends service only when parts are 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.
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.
14. Tesla Car Insurance
Tesla offers driver insurance, with rates based on individual driver’s performance. Tesla uses in-vehicle monitors to account for driving behavior, which is then factored into your insurance premiums. Tesla also uses a Real-Time Safety Score that calculates factors like frequency of nighttime driving and aggressive turning to determine if you are a safe driver.
Your safety score changes every month, and based on the previous month’s data, your premium can be more or less expensive.
Tesla’s Real-Time Safety Score insurance is unavailable in California, but the company offers an alternative insurance option for drives in The Golden State.
15. Are Tesla Cars Worth the Price?
While Teslas aren’t the cheapest cars around, they offer plenty of value.
They are emissions-free, offer great driving performance, and have long driving ranges. They also come with low running costs, especially when compared to conventional gas-powered vehicles.
However, with political controversy surrounding CEO Elon Musk and more companies introducing electric vehicles to the market, people are starting to seek out Tesla alternatives. Now, with more than 100 EV models available from well-known brands like Kia, Toyota, and BMW, as well as luxury options from Rivian, Tesla is no longer the default EV option. It’s important to look around for the best EV that meets your needs.
Tesla has an advantage over other automakers in that it offers a full home ecosystem for energy products, which is attractive to Tesla enthusiasts. Tesla solar panels and the Solar Roof can run your home and your Tesla car on clean energy. You can store energy in the popular Tesla Powerwall battery and control everything in one app.
But if you’re not an Elon Musk superfan, other options are available. You can charge your Tesla, or any EV, with the help of a home solar system. Local solar companies can install just the right amount of solar panels to cover your EV charging needs so you can save money and reduce your carbon footprint.
16. Tesla Cost FAQs
| Question | Answer |
|---|---|
| What Is The Cheapest Tesla available in 2025? | The cheapest Tesla is the Model 3 Rear-Wheel Drive, starting at $42,490. |
| What factors influence the price of a Tesla? | The model, trim level, optional features, and customizations affect the price. |
| Are there any tax credits available for Tesla purchases? | Yes, certain Tesla models are eligible for the $7,500 federal tax credit. |
| What are the financing options for a Tesla? | You can finance through Tesla or third-party lenders. |
| Is it cheaper to lease or buy a Tesla? | It depends on your driving habits and long-term plans. |
| How much does it cost to charge a Tesla? | It varies based on location and electricity rates but is generally cheaper than gasoline. |
| What are the typical maintenance costs for a Tesla? | Maintenance costs are lower than gasoline cars due to fewer moving parts. |
| How does Tesla insurance work? | Tesla offers insurance with rates based on driving behavior. |
| What are the alternatives to buying a Tesla? | Other electric vehicles from brands like Kia, Toyota, and BMW are available. |
| Do Teslas save money on gas? | Yes, Teslas save on average $1,000 to $1,500 annually on gas costs. |
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