Tesla Model 3 Game-Changing EV Lineup: Affordable Luxury or Overpriced Hype?

Tesla Model 3 Price : In the ever-evolving landscape of electric vehicles (EVs), Tesla stands as the undisputed leader by market capitalization, despite a slight erosion of its lead in 2023. While competitors are racing to catch up, Tesla maintains its dominance with a quartet of immensely popular EV models. However, prices have experienced fluctuations in recent years. In this report, we delve into the current pricing structure of Tesla’s 2023 lineup.

Tesla Model 3 / Image Source – Tesla

Tesla Model 3 Price The ‘Cheapest’ Tesla Model

The Tesla Model 3, touted as Tesla’s most accessible offering, has witnessed a notable price evolution since its debut in 2016. Initially aiming for a sub-$35,000 tag, this benchmark was fleeting.

  • Rear-Wheel Drive Trim: The Tesla Model 3 starts at an MSRP of $40,240.
  • Fully-Loaded Experience: A fully-loaded RWD variant, equipped with enhancements like red paint, 19″ Sport Wheels, a black and white interior, and the forthcoming full-self driving capability, commands a price of $59,740.
  • Enhanced Autopilot Option: For those who prefer not to opt for full-self driving capabilities, Tesla offers the Enhanced Autopilot package at a more modest $6,000, delivering features including auto lane change, autopark, and autopilot navigation.

The Long Range Tesla Model 3, after a hiatus, re-emerged in May 2023 at a starting MSRP of $47,240, down from its previous starting point of $55,990. With the same suite of upgrades, including full self-driving capabilities, the new Long Range Model 3 reaches $66,740.

In 2023, the Performance version of the Tesla Model 3 opens at a significantly lower MSRP of $53,240. With additional features such as 20″ Überturbine wheels, the top-tier variant can reach an MSRP of $71,240.

Charging Connectors: A New Dimension

Tesla has introduced a novel pricing strategy by incorporating a separate fee for charging connectors. Regardless of model or trim, customers are now required to pay an additional $200 to $400 for their mobile or wall charging connector.

Tesla Model 3 Tax Credits

In a boon for prospective buyers, all trims of the 2022-2023 Tesla Model 3 EVs qualify for federal tax credits, aligning with the updated guidelines from the US Treasury Department. Currently, all trims of the Model 3 are eligible for the full $7,500 credit.

Conclusion

As Tesla strides forward in 2023, its pricing structure reflects the brand’s commitment to innovation and accessibility in the electric vehicle market. While costs have fluctuated, Tesla remains at the forefront, offering a range of models to suit diverse preferences and budgets.

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SOURCE : electrek

FAQs

Can I purchase a Model 3 without the full self-driving capabilities?

Absolutely, Tesla offers the Enhanced Autopilot package as an alternative, delivering features like auto lane change, autopark, and navigation on autopilot for $6,000.

What is the additional cost for charging connectors?

Irrespective of the chosen model or trim, customers will need to allocate an extra $200 to $400 for their mobile or wall charging connector.

Do all trims of the Model 3 qualify for federal tax credits?

Yes, as per the updated guidelines from the US Treasury Department, all trims of the 2022-2023 Model 3 EVs are eligible for the full $7,500 federal tax credit.

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