Just 15 years after the first Roadster deliveries, Tesla has become the world's most valuable automaker and the current leader in the EV space. Instead of simply building electric cars, Tesla built an icon based on an ecosystem and a lifestyle.
In late 2023, its ecosystem is stronger than ever, and its prices are the most competitive they've been yet. Here are Tesla's entries and their respective prices for the 2023 model year.
This article was originally published in 2021 and has been updated with new information.
2023 Tesla Model 3 Rear-Wheel Drive: $40,380
The Model 3 Rear-Wheel Drive is Tesla’s current least expensive model. Whether it’s the Model 3’s performance, range, or driving dynamics, it has been setting the industry basis for comparison since its 2017 inception. Tesla says the entry-level Model 3 can manage a noteworthy EPA-rated range of 272 miles, thanks to its 60-kilowatt-hour LFP battery pack. Pricing starts at $40,380 with destination fees.
- Range: 272 miles
- Drivetrain: RWD
- Acceleration: 0-60 in 5.8 seconds
- Federal Tax Credit: $7,500 ($55,000 cap)
2023 Tesla Model Y RWD: $45,380
The Tesla Model Y RWD is Tesla's latest pitch to attract EV crossover buyers who want to stick underneath the $50,000 mark. Starting at a respectable $43,990, the two-wheel-drive Model Y is the pragmatic version. It offers 260 miles of range derived from what we assume is a 60-kilowatt-hour LFP battery pack. While the range is reduced, it offers the same standard features as the Long Range, like the HEPA air filter and 14-speaker sound system. Performance does take a significant hit though as its acceleration to sixty time takes 6.6 seconds.
- Range: 260 miles
- Drivetrain: RWD
- Acceleration: 0-60 in 6.6 seconds
- Federal Tax Credit: $7,500 ($80,000 cap)
2023 Tesla Model 3 Long Range: $47,380
The Tesla Model 3 Long Range continues to pack a massive punch in the range and power department. Offering a range of 333 miles and a speedy zero-to-sixty sprint of 4.2 seconds, the Model 3 Long Range is a great option between the RWD and Performance. Unlike the RWD 3, the Long Range features a 14-speaker sound system and heated rear seats.
- Range: 333 miles
- Drivetrain: AWD
- Acceleration: 0-60 in 4.2 seconds
- Federal Tax Credit: $7,500 ($55,000 cap)
2023 Tesla Model Y Long Range: $50,380
After fulfilling deliveries in March 2020, the Model Y quickly dominated the electric crossover market. With its 2023 price decreases, Tesla's Long Range Model Y went from starting at $65,990 to now coming in at a highly competitive $50,380. It can travel 330 EPA-rated miles on a charge and features a dual motor setup, yielding a zero-to-sixty time of 4.8 seconds.
- Range: 330 miles
- Drivetrain: AWD
- Acceleration: 0-60 in 4.8 seconds
- Federal Tax Credit: $7,500 ($80,000 cap)
2023 Tesla Model 3 Performance: $52,380
After Tesla's recent price decreases, the Tesla Model 3 Performance now starts at $52,380, and qualifies for the $7,500 credit as long as the build's MSRP is below $55,000. The Model 3 Performance remains one of the quickest and most potent overall EVs for the price. Zero to sixty takes just over three seconds, and it can top out to 162 miles per hour. As these performance figures are impressive for any car, the Model 3 Performance is a five-seater sedan with a 315-mile EPA range.
- Range: 315 miles
- Drivetrain: AWD
- Acceleration: 0-60 in 3.1 seconds
- Federal Tax Credit: $7,500 ($55,000 cap)
2023 Tesla Model Y Performance: $53,880
The Model Y Performance is the sportier version of the Long Range Model Y. It has a zero to sixty time of 3.5 seconds, and it can achieve 303 miles on a charge. For the price, its combination of performance and range is unparalleled in the crossover sector. However, fresh-faced entrants like the Kia EV6 GT are beginning to challenge the Model Y Performance's dominion, at least in terms of performance.
- Range: 303 miles
- Drivetrain: AWD
- Acceleration: 0-60 in 3.5 seconds
- Federal Tax Credit: $7,500 ($80,000 cap)
2023 Tesla Model S Long Range: $76,380
After a series of price reductions, the Tesla Model S Long Range is now at a commendable price point. Offering 405 miles of range per the EPA and a 3.1 second zero to sixty run, the Model S Long Range ticks both the range and performance boxes. Including a 22-speaker audio system pushing 960 watts, ventilated front seats, and a rear center display, the Model S exudes far more luxury than before. Though it's still not in the BMW i7 and Lucid Air's league.
- Range: 405 miles
- Drivetrain: AWD
- Acceleration: 0-60 in 3.1 seconds
2023 Tesla Model X Long Range: $81,380
In 2016, the base Tesla Model X 60D started at $75,200 and offered 200 miles of range. Today, the least expensive Model X starts at $81,380 and can travel 348 miles on a charge. It also offers 670 horsepower and a host of amenities featured in its Model S sibling. But most importantly, the entry-level Model X qualifies for the $7,500 tax credit so long as buyers don't opt for any extras such as different interior colors or layouts.
- Range: 348 miles
- Drivetrain: AWD
- Acceleration: 0-60 in 3.8 seconds
- Federal Tax Credit: $7,500 ($80,000 cap)
2023 Tesla Model S Plaid: $91,380
At launch, the Model S Plaid cost $141,190. Today, it's $89,990. With 1,020 horsepower, a realistic zero-to 60 mph time of 2.3 seconds, and 396 miles of range, the Model S Plaid is one of the most insane price-for-performance deals in the industry. With plenty of range and a hypercar defeating 0-60 time, the Model S Plaid truly created new performance standards in the automotive space.
- Range: 396 miles
- Drivetrain: AWD
- Acceleration: 0-60 in 1.99 seconds (factoring in the one-foot rollout)
2023 Tesla Model X Plaid: $96,380
Starting at just under $100,000, the Model X Plaid shares its underpinnings with the Model S Plaid. Offering six seats, Falcon-wing doors, and a 1,020 horsepower powertrain is not alike any other crossover. While its performance attributes are mainly related to its powertrain, it is fundamentally a practical family crossover--- just with a nearly endless supply of power.
- Range: 333 miles
- Drivetrain: AWD
- Acceleration: 0-60 in 2.5 seconds
Future:
2024 Tesla Cybertruck: Pricing Removed, Remains Unclear
Love it or hate it, the Tesla Cybertruck is one of the most highly-anticipated cars of the year. With bulletproof doors that'll protect against 20th century mobsters and enough horsepower to challenge the fastest of internal combustion engine sports cars, the Cybertruck will be unlike anything on the road. Speaking of being on the road, Tesla will commence its delivery ceremony later this November. Unfortunately, little official info on pricing has surfaced thus far.
- Range: 300+ miles
- Drivetrain: AWD
- Acceleration: 0-60 in 3 seconds
- Towing Capacity: 14,000+ pounds
202X Tesla Roadster: Pricing Removed, Remains Unclear
Talks of an updated Roadster began circulating as early as 2011. With more delays than a budget airline flight, the refreshed Tesla Roadster is beyond its due date. To salt the wound, the Cybertruck, which is still in early production stages is Tesla's main priority. However, the Roadster should be worth the wait because it should provide disturbingly impressive performance numbers: 620 miles of range and a 1.9 second 0-60 run in the base model. Musk said more powerful SpaceX Edition is also underway, and since it’s equipped with cold air thrusters, expect a zero to sixty time of around 1.1 seconds.
- Range: 620 miles
- Drivetrain: AWD
- Acceleration: 0-60 in <1.9 seconds
Rumored (all information below is purely speculative):
202X Tesla hatchback: ~$25,000
Last but certainly not least is the heavily-rumored Tesla hatchback. While there’s very little known about it, it’s rumored to take the form of a compact hatchback, likely with four doors. It will be built in the Mexican state of Nuevo Leon and target a $25,000 tag. Since it’s a Tesla, expect a rear motor setup and enough horsepower to get it to sixty in around six seconds or so.
- Range: 250+ miles
- Drivetrain: RWD
- Acceleration: 0-60 in <6.0 seconds