In the fast-paced world of electric vehicles (EVs), Tesla continues to lead the pack. With its innovative technology and sleek designs, Tesla has captured the hearts of many car enthusiasts. As we enter 2023, Tesla remains the top player in the EV market by market cap. While other automakers are following in Tesla’s footsteps, the American automaker continues to offer a range of popular EV models. However, it’s important to note that prices for these models have been fluctuating in recent years. In this article, we will explore the current pricing for each available Tesla model in 2023.
Tesla Model 3 Prices
Let’s start with Tesla’s most affordable EV, the Model 3. When Tesla introduced the Model 3 in 2016, it aimed to deliver an affordable electric vehicle priced below $35,000. However, prices have since increased. Currently, the Rear-Wheel Drive trim of the Model 3 starts at an MSRP of $38,990, excluding taxes, destination, or other fees. For those looking for the fully-loaded version with every available upgrade, including full self-driving capability, the price jumps to $55,490. However, if you don’t want to splurge on full self-driving capabilities, Tesla also offers the option of Enhanced Autopilot for $6,000.
The Long Range Model 3, which offers a longer range, used to start at $55,990, but it has been reintroduced in 2023 at a starting MSRP of $45,990. With all the available upgrades, including full self-driving capabilities, the price can reach $62,490. Lastly, the Performance version of the Model 3 starts at $50,990 and can go up to $65,990 with additional add-ons like 20″ Überturbine wheels.
It’s worth noting that Tesla now charges a separate fee for charging connectors, ranging from $200 to $400, depending on the model and trim. Despite the price increases over the years, purchasing a pre-owned Model 3 can still save you some money. Additionally, all trims of the 2022-2023 Model 3 EVs qualify for federal tax credits of up to $7,500.
Tesla Model Y Prices
The Tesla Model Y, introduced in early 2020, offers a larger and more spacious option compared to the Model 3. Currently, the Model Y comes in three different trims, all of which are priced higher than its compact sibling, the Model 3. The most affordable option is the Rear-Wheel Drive version, starting at an MSRP of $43,990. With all the available add-ons, including full self-driving capability, the price can reach $61,990. The dual motor Long Range Model Y starts at a base MSRP of $48,990 and can go up to $69,990 when fully decked out.
Recently, the IRS updated its classification of the Model Y as an SUV, allowing it to qualify for federal EV tax credits up to $7,500. This is great news for potential buyers who can take advantage of the tax incentives while enjoying the spaciousness and performance of the Model Y.
Tesla Model S Prices
As one of Tesla’s oldest EV models, the Model S remains a popular choice for luxury EV enthusiasts. However, as more affordable models like the Model 3 and Model Y have emerged, sales of the Model S have seen a slight decline. In 2023, Tesla reintroduced a Standard Range version of the Model S, which had been absent since the 2021 refresh. The Dual Motor Model S now starts at an MSRP of $74,990, down several thousand compared to late 2022. The loaded version of the Dual Motor Model S, including features like red paint, cream interior, and full self-driving capabilities, can be purchased for $94,490. For those seeking top-of-the-line performance, the tri-motor Model S Plaid starts at $89,990, and fully loaded, it reaches $109,490.
It’s worth mentioning that Tesla now offers customers the choice between a standard steering wheel and the unique yoke design. This gives buyers more flexibility in customizing their Model S experience. Despite the competitive market, the Model S still appeals to those seeking luxury, performance, and cutting-edge technology in their electric vehicle.
Tesla Model X Prices
For those in need of more space and versatility, the Tesla Model X is the go-to option. With its distinctive falcon-wing doors and spacious interior, the Model X offers a premium driving experience. Currently, the Dual Motor Model X starts at an MSRP of $79,990, making it one of Tesla’s highest-priced models. With added features like 22″ Turbine wheels and a six-seat interior option, the price can reach $106,990. The Model X Plaid, which offers even more performance, starts at $94,990 and can go up to $115,490 when fully equipped.
It’s important to note that Tesla has significantly lowered the prices of the Model X trims compared to 2022, offering a more accessible option for those interested in this luxurious SUV. With its spacious interior and cutting-edge features, the Model X remains a top choice for families and those who value both style and functionality.
Tesla Cybertruck Prices
The highly anticipated Tesla Cybertruck has been the talk of the town since its unveiling. Initially priced at $49,900 for the Single motor RWD version, $59,900 for the Dual motor AWD version, and $79,900 for the Tri motor AWD version, the Cybertruck faced multiple production delays. However, in late November 2023, Tesla hosted a live “Customer Delivery Event” where the pricing was finally revealed. The Cybertruck now starts at an MSRP of $60,990 for the Single motor RWD version, $79,990 for the Dual motor AWD version, and $99,990 for the Tri motor AWD version.
It’s important to note that since the Cybertruck is manufactured in the US, the first two trims could potentially qualify for federal tax credits, as their prices fall below the $80,000 threshold for trucks and SUVs. However, the IRS has not confirmed this yet. The Cybertruck’s unique design and impressive capabilities have attracted a significant number of reservations, and with the recent pricing announcement, excitement among reservation holders and EV enthusiasts is at an all-time high.
The Future: Tesla’s Next Model
While Tesla has been focusing on delivering its existing models, it has been teasing the public with upcoming passenger EVs for years. One of the most eagerly anticipated models is the 2nd Generation Roadster, which was originally unveiled in 2017. Initially priced at $200,000, with a $50,000 reservation fee, Tesla also offered a limited production “Founder’s Series” version for $250,000. However, as of now, Tesla no longer lists any pricing for the 2nd Generation Roadster, apart from the requirement of a $50,000 reservation fee within ten days.
The 2nd Generation Roadster has been delayed multiple times, with production now expected to start no earlier than 2023. Despite the long wait, Tesla fans are eagerly anticipating the release of this hyper EV, which promises exceptional performance and cutting-edge technology. While the exact pricing remains a mystery, the 2nd Generation Roadster is sure to make a splash in the high-end luxury car market.
In conclusion, Tesla continues to dominate the EV market with its range of innovative and high-performing electric vehicles. As we enter 2023, prices for Tesla models have fluctuated, with some models seeing significant price reductions compared to the previous year. Whether you’re looking for a compact sedan like the Model 3, a spacious SUV like the Model Y or Model X, or a high-performance luxury vehicle like the Model S, Tesla has a model to suit your needs. And with the highly anticipated Cybertruck on the horizon and the promising future of the 2nd Generation Roadster, the Tesla lineup continues to evolve, pushing the boundaries of electric vehicle technology.
Remember to visit the official Tesla website or contact your local Tesla dealership for the most up-to-date pricing and availability information. As the EV market continues to evolve, Tesla remains at the forefront, delivering innovative and sustainable transportation solutions for a greener future.
*Disclaimer: The prices and information provided in this article are accurate at the time of writing and are subject to change.