What Is the Cheapest New Tesla?
The Model 3 sedan is the cheapest new Tesla you can buy, and right now, the cheapest price for a Tesla Model 3 is $38,990, according to Tesla’s website.
Cheapest Tesla Model 3
The cheapest version of the Tesla Model 3 is the Rear-Wheel Drive model, which costs $38,990. Additional features, such as a long-range battery, all-wheel drive, other paint colors, and enhanced Autopilot, quickly increase the cost of a Model 3.
Why It’s Hard to Determine the Cheapest Tesla Price
Staying on top of Tesla’s pricing can be challenging because it’s unlike most car companies.
- Tesla doesn’t use model years like other car companies do. Traditional car companies like Toyota announce major pricing and feature changes annually. Tesla adjusts pricing and features throughout the year.
- Tesla doesn’t use a traditional Manufacturer’s Suggested Retail Price (MSRP) since there’s no Tesla dealer network. With traditional automakers, the “sticker price” is a suggested price, but dealers have the latitude to charge what they want. With Tesla, the price you see on the automaker’s website is the price you’ll pay at that time. There is no haggling, and there are no discounts.
- Tesla quotes two prices on its website: a Purchase Price and a price after “Probable Savings.” The “Probable Savings” include EV tax credits (which can fluctuate) and estimated savings when switching from gas to electric power. It does not include the destination charge, which is more than a thousand dollars.
Is the Cheapest Tesla Worth It?
The Model 3 is one of the best-selling EVs globally for a reason. It delivers lively acceleration and lots of cargo space.
Sporty handling is another plus; the Model 3 is fun to drive. It’s got enough battery range to make it convenient for most drivers. Its stark, minimalist cabin design gives it a modern look, and the materials are high quality.
This EV does miss the mark in a couple of areas. First, its backseat is a tight fit for taller passengers, and, like all Tesla vehicles, the Model 3 doesn’t offer Apple CarPlay or Android Auto. Over the years, there have also been many reports of issues with build quality.
Latest Tesla Pricing News
- In late November, Tesla announced additional details about the long-awaited Cybertruck, including estimated pricing. Initially, the cheapest Cybertruck will cost $68,890. A $60,990 model is planned for 2025.
- In early October, Tesla introduced a RWD Model Y, which effectively dropped the base price of the Y from $50,490 to $43,990.
Cheapest Tesla Models Ranked by Price
Model 3
The cheapest Tesla Model 3 costs $38,990. The Model 3 is the smaller of Tesla’s two sedans and its smallest vehicle overall.
Model Y
The cheapest Tesla Model Y costs $43,990. That gets you rear-wheel drive with a standard battery. The Model Y is the smaller of Tesla’s two SUVs.
Cybertruck
Tesla unveiled the Cybertruck, its first pickup, in 2019, but fans had to wait until late 2023 for pricing to be announced and deliveries to start. Initially, the cheapest Cybertruck will be the All-Wheel Drive model, which will start at an estimated $68,890. The fully loaded Cybertruck, called the Cyberbeast, will be $99,990 and come with 845 horsepower. Both the All-Wheel Drive and Cyberbeast models are available for order now, but vehicles won’t be delivered until 2024 at the earliest. Tesla says the cheapest planned version of the Cybertruck, the Rear-Wheel Drive, will start at $60,990 but won’t be available until 2025.
Model S
The cheapest Tesla Model S costs $74,990. That includes the Dual Motor all-wheel drive setup. The Model S is Tesla’s longest-running product and the larger of its two sedans.
Model X
The cheapest Tesla Model X costs $79,990. For that price, you get Dual Motor all-wheel drive. The Model X is the most expensive Tesla available and the larger of its two SUVs. A fully loaded Model X costs $110,490.
Cheapest ‘Self-Driving’ Tesla
The cheapest “self-driving” Tesla is the Model 3 with the Full Self-Driving Capability option, costing $50,990.
Remember: No Tesla sold today is actually “self-driving.” When you purchase the “self-driving” package, you are buying the ability to potentially enjoy autonomous driving at a later date when the technology and regulations catch up. Keep that in mind before springing for this pricey option.
Cheapest Tesla Lease
Leveraging financing and leasing incentives is a great way to save money on a new or used Tesla. Here are the cheapest Tesla lease deals this month:
Tesla Lease Deals
- Model Y: $399 per month for 36 months with $4,500 due at signing on RWD models
- Model X: $1,249 per month for 36 months with $7,500 due at signing on Dual Motor AWD models
- Model 3: $329 per month for 36 months with $4,500 due at signing on RWD models
- Model S: $1,099 per month for 36 months with $7,500 due at signing on Dual Motor AWD models
Deals vary by region. Tesla financing and leasing rates change throughout the month. See Tesla website for terms and conditions.
Interested in Tesla financing deals? Check out our Tesla Deals page.
Cheapest Used Tesla
If you’re in the market for a certified pre-owned Tesla or a used Tesla, you’ll find the lowest prices on the larger Model S sedan, which has been available since 2012. Tesla’s vehicles have changed significantly over the years, so it’s important to research the Tesla Model S and know what you’re looking for before shopping in the used market.
Used Tesla Model 3
The Model 3 is Tesla’s second-cheapest used model, and it has had a history of price changes over the years. When Tesla first announced the Model 3, the company promised to start at $35,000. However, when the car was launched in July 2017, it was only available in the Single Motor Rear Wheel Drive Long Range version, which started at $44,000 ($49,000 with the mandatory Premium Upgrades Package).
It wasn’t until February 2019 that the $35,000 Tesla Model 3 Standard Range became available. Less than two months later, Tesla announced that the Standard Range model would no longer be available for order on its website, though buyers could still order it “off-menu,” either in a Tesla store or over the phone.
Upcoming Tesla Models
Tesla has a history of splashy future product announcements followed by long waits for actual production. A $25,000 Tesla, nicknamed the “Model 2”, has been long-rumored but is yet to materialize. The other product on Tesla’s horizon, the Roadster, is expected to be quite pricey.
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