How much does a Tesla cost in 2023? [Updated prices]

Tesla's constantly innovating and releasing new electric car tech to the market, and today boasts four commercially available car models: the Tesla Model S, Tesla Model X, the Tesla Model 3, and the Tesla Model Y. In this article, we'll break down the car prices for each of the different Tesla EV models and explain how you should compare them.

Tesla's current car line (Model S, Model X, Model 3, and Model Y) has base market sale price ranges between $42,990 – $119,990 for a new vehicle – this is the cost before any tax incentives or local rebates. On the more affordable end is the Model 3, which Tesla first released in 2018. The car has a sticker price that comes in at a whopping $77,000 less than the company's most expensive option: the Model X Plaid.

How much does a Tesla cost? Model 3, Model S, Model X, and Model Y

Keep in mind that the prices above don't include any customization. Extras like paint changes, interior upgrades, and full self-driving capability can add anywhere from $2,000 to $19,000 onto your costs, depending on your preferences.

Skip ahead to see detailed pricing for any of Tesla's car models:

• Model 3

• Model S

• Model X

• Model Y

Tesla began commercially manufacturing their first electric car, the Roadster, back in 2008. However, it wasn't until the company purchased its factory in Fremont, California, that they started to build the four models we know and love today:

• Tesla Model 3 (compact sedan)

• Tesla Model S (mid-size luxury sedan)

• Tesla Model X (mid-size SUV)

• Tesla Model Y (compact SUV)

First came the Tesla Model S, a mid-size luxury sedan vehicle, back in 2012. And from there, Tesla went on to diversify its option set. Their first SUV option, the Model X, came to market in 2015, followed by their more affordable compact sedan option–the Model 3–three years later. Most recently, Tesla started shipping its first compact SUV, the Model Y, in 2020.

Excitingly, the electric car giant plans to release a new and improved version of its flagship electric car, the Roadster, in 2023. Tesla has promised that this sports convertible will be the quickest car in the world – we'll have to wait and see!

Tesla's Model 3 is the cheapest Tesla car available. With the base model retailing for $42,990, this car is Tesla's first attempt at a mass-market electric car to appeal to automobile shoppers of a wide range of budgets. And it's working: the Model 3 has quickly become one of the most talked-about and popular electric cars thanks to its unique combination of performance and affordability. In fact, in 2020, the Model 3 was the 16th best selling car in the world – that's including traditional gasoline-fueled cars!

The Model 3 comes in three different versions ( Performance, Long Range, and "standard") that offer driving ranges between 272 and 358 miles. This car can go 0-60 mph in 3.1 seconds.

Tesla Model 3 product line: Drivetrain, price, range, and top speed

Well known as one of the leading EVs available, the Model S is a popular sports car with top-end ranges and speeds to match. In terms of acceleration, the Model S can go 0-60 mph in as little as 1.99 seconds. Similar to the Model 3, buying a Model S will cost more or less depending on the model you buy and the tax credits available. Model S pricing starts at $94,990, and the company offers two car variations that you can choose from: the Model S and the Model S Plaid. The more expensive of the two–the Model S Plaid–has tri-motor all-wheel drive (AWD) and has a top speed of 200 miles per hour.

Tesla Model S product line: Drivetrain, price, range and top speed

For most Tesla fanatics, their primary interest has long been around the company's Model S sedan. That changed at the end of 2015 when Tesla released its highly anticipated SUV offering, the Model X. Though the Model X is often marketed as an electric SUV, its size more closely resembles a compact crossover like a Subaru Forrester or Toyota Corolla. The Model X is the fastest sport utility vehicle in the automobile industry – the Plaid model can reach 60 mph in a mere 2.5 seconds!

A new Model X starts at a base price of $109,990 and comes in two versions: Model X and the Model X Plaid.

Tesla Model X product line: Drivetrain, price, range and top speed

Tesla released their newest electric car model–the Tesla Model Y–back in 2020. According to Elon Musk himself, the car shares about 75 percent of its components with its more affordable sibling, the Model 3. The main difference between the two is that the Tesla Y is a mid-size SUV rather than a sedan. Even as a larger car, the Model Y can go from 0 to 60 mph in as little as 3.5 seconds. Its extra space also comes at an additional cost: a new Model Y has a base price between $54,990 and $58,990, depending on whether you go with the Model Y Long Range or the Model Y Performance.

Tesla Model Y product line: Drivetrain, price, range and top speed

In addition to its current offering, Tesla has previewed and hinted at a number of future models available to consumers. While their exact prices and features aren't known yet, we can give you an idea of what to expect.

Tesla Roadster

Despite releasing the original Roadster as their first vehicle, Tesla hasn't produced a new version of the Roaster since 2012. They've promised that the new Roadster will be their fastest vehicle yet, with 0-60 mph acceleration times of 1.9 seconds and a top speed of more than 250 mph. Reservation prices for this vehicle start at $50,000

Tesla Cybertruck

Tesla announced their Cybertruck in 2019. This truck offering from the company has a range of 500 miles and a 0-60 mph acceleration time of 2.9 seconds. The Cybertruck is expected to be available for sale some time in 2023 at the earliest.

As with any other car purchase, paying for a car involves more than the prices we listed above or the prices a manufacturer lists online. Additional fees–both ongoing and one-time payments–will increase the overall cost of buying a Tesla. When evaluating a Tesla purchase against other options, consider:

• Taxes and fees: depend on the model car you buy, as well as the sales tax rate in your area.

• Order fee: the nonrefundable fee Tesla charges to place your car order ($250)

• Destination & doc fee: the fee Tesla charges to transport your car from the Tesla factory to your delivery location ($1,400)

• Charging costs: varies based on your driving style, average mileage, the cost of electricity in your area, the car you drive, and more. Importantly, electric cars like Teslas typically offer significant fuel savings over gas-powered vehicles.

• Service & maintenance costs: depends on your area, the car you drive, how often you drive, and more. Fun fact: according to Consumer Reports, EV and plug-in hybrid car drivers pay about half as much on car repairs and maintenance compared to drivers of cars with internal combustion engines.

• Insurance: varies depending on your area, the cost of your car, your driving history, and more.

It can be hard to truly assess the total costs of driving a Tesla given the variability in some of the factors listed above; fortunately, our EV showroom personalizes your estimated costs based on your geography, how long you plan to own your car, and how many miles you drive each year. You can get your own personalized EV cost assessment here.

How much does it cost to replace a Tesla battery?

In comparison to batteries for combustion engine vehicles, most signs point to electric vehicle batteries lasting a significantly long time. On average, EV batteries can last 12-15 years in moderate climates. However, if you find yourself in the position of having to pay for a battery replacement, it could be quite expensive. Batteries cost between $10,000-$12,000, not including installation.

Given how much you can save with EV incentives, it's important to understand your eligibility for any tax credits prior to purchasing an electric car. The country's most advantageous EV incentive – the Clean Vehicle Credit – offers a federal tax credit of up to $7,500 on your electric vehicle purchase. Thanks to the Inflation Reduction Act, Tesla vehicles are once again eligible for the federal EV tax credit as long as the vehicle owner meets the income and price requirements.

Your Tesla purchase may be eligible for other state or local incentives depending on where you live. For example, states like California, Maryland, and Colorado offer cash incentives or credits for electric car owners. Others offer non-cash incentives like indefinite carpool access and free tolls. Regardless, there's a good chance that the price tag for your Tesla car will look a lot better once you factor in credits and incentives.

Using EnergySage's EV showroom, you can explore all of the electric vehicle incentives in your area by car make and model, tax filing status, and household income. Simply click the "Personalize Incentives" button and enter your zip code to get started.

Of course, buying a Tesla will cost more than most cars upfront; despite the release of the more-affordable Model Y, it's still regarded as a luxury vehicle and has the price tag to match. When it comes down to it, whether or not you should buy a Tesla depends on your preferences and personal finances. On the plus side, Tesla owners typically experience low maintenance costs and fuel savings relative to comparable luxury vehicles with gas-powered engines. Outside of financial savings, electric cars like Teslas also help reduce pollution, so if environmental stewardship is important to you, an electric car–a Tesla model or otherwise–is the way to go.

With any big purchase, it's important to do a bit of research and compare your options before making a decision – and EnergySage's EV showroom is a great place to start! Using our comparison feature, you can easily evaluate multiple cars side-by-side, including all-electric, hybrid, and gasoline models. Browse car options, explore local incentives, and get personalized costs and savings estimates, all in one place, all online.