How Much Does a Tesla Cost?
Shoppers flock to Tesla’s electric vehicles (EVs) for their power, style and cutting-edge technology — not to mention their battery-electric credentials. But with so many vehicles and performance versions to choose from, would-be buyers are often left wondering which model to pick and how much it will cost.
How much does a Tesla cost?
Tesla is a popular luxury EV brand with state-of-the-art technology. That includes an array of advanced driving, entertainment and safety features, such as self-driving capability, autopilot, and larger-than-average touchscreens that dominate the dashboard. As such, the cost of a new Tesla is higher than many EVs on the market.
According to a LendingTree study, Tesla’s Model 3 and Model Y are the most popular EV models on the market. Here’s a breakdown of what you can expect to pay for each Tesla model currently on the market.
Tesla pricing
| Model S | Standard (AWD) | $74,990 |
| Plaid (AWD) | $89,990 | |
| Model 3 | Rear-wheel drive | $38,990 |
| Long range (AWD) | $47,740 | |
| Model X | Standard (AWD) | $79,990 |
| Plaid (AWD) | $94,990 | |
| Model Y | Standard (RWD) | $42,990 |
| Long range (AWD) | $47,990 | |
| Performance (AWD) | $52,490 | |
| Cybertruck | Standard (RWD) | $60,990 |
| Long range (AWD) | $79,990 | |
| Cyberbeast | $99,990 |
Note that Tesla’s prices change frequently and you can find the most current prices on the Tesla website.
Model S
The Tesla Model S standard model features a dual-motor configuration, while the plaid trim is equipped with three motors. The Model S looks futuristic inside and out, with sleek lines and a 17-inch touchscreen. The five-passenger sedan boasts comfortable seats and a back seat with plenty of room for three adults, ample storage space in the front and rear trunks and a heated windshield. The Model S comes well-equipped with high-tech features, such as fast-charging devices and in-console gaming.
Every Tesla comes with basic autopilot, which automatically helps the car steer, brake and accelerate. For an additional $6,000, buyers can add enhanced autopilot, which includes features such as autopark and auto lane change. Shoppers can also add full self-driving capability for $12,000, which adds traffic light and stop sign control, along with autosteer on city streets.
| Base price | Estimated range | Top speed | |
|---|---|---|---|
| Standard | $74,990 | 405 miles | 130 miles per hour |
| Plaid | $89,990 | 359 miles | 200 miles per hour |
Best for: Buyers seeking an upscale electric vehicle with blistering speed and plenty of range.
Model 3
The Tesla Model 3 is the automaker’s smallest and most affordable car. The sleek, clutter-free dashboard moves all controls to the car’s 15-inch touchscreen or steering wheel. The glass roof provides the illusion of more space, allowing for natural light and expansive sky views.
As with the Model S, the Model 3 sports a cabin with comfortable seating and plenty of room for four passengers in addition to the driver. For an additional $6,000, buyers can add enhanced autopilot for autopark and auto lane change. For $12,000, full self-driving capability includes the features in both standard and enhanced autopilot, plus autosteer on city streets and traffic light and stop sign control.
| Base price | Estimated range | Top speed | |
|---|---|---|---|
| Rear-wheel drive | $38,990 | 272 miles | 125 miles per hour |
| Long range | $47,740 | 341 miles | 125 miles per hour |
Best for: Buyers looking for a premium electric car at a more affordable price.
Model X
The Tesla Model X is a spacious SUV with a smooth, powerful ride and plenty of style due to its gullwing doors. The standard trim comes with dual-motor all-wheel drive, while the plaid version features a tri-motor setup.
As the larger of Tesla’s two SUVs, the Model X provides an upscale interior with plush seating, a panoramic windshield, and a 17-inch touchscreen. It also features in-car gaming through Tesla Arcade. The standard trim comes with five seats, but buyers can upgrade to six for an additional $6,500 or seven by adding a third row for $3,500. The plaid trim is available only with six seats.
Standard features include front doors that open automatically upon approach and falcon wing doors controlled by the Tesla app. Both the standard and plaid trims come with basic autopilot.
| Base price | Estimated range | Top speed | |
|---|---|---|---|
| Standard | $79,990 | 335 miles | 149 miles per hour |
| Plaid | $94,990 | 326 miles | 149 miles per hour |
Best for: Buyers who want the utility of an SUV and the power and environmental credibility of an electric vehicle.
Model Y
The Tesla Model Y is a compact SUV with a roomy cabin and plenty of storage space. Both the long-range and performance trims accelerate quickly and come equipped with dual-motor all-wheel drive. The interior features a clean layout, panoramic glass roof and 15-inch touchscreen.
The Model Y seats five people in its standard configuration, or seven by adding a third-row for an extra $3,000. The SUV’s second row folds down for more cargo space. As with Tesla’s other models, buyers can add enhanced autopilot or self-driving capability for an additional fee.
| Base price | Estimated range | Top speed | |
|---|---|---|---|
| Rear-wheel drive | $42,990 | 260 miles | 135 miles per hour |
| Long range | $47,990 | 310 miles | 135 miles per hour |
| Performance | $52,490 | 285 miles | 155 miles per hour |
Best for: Buyers seeking an electric vehicle with more passenger and cargo room than a sedan.
Cybertruck
Tesla’s latest model, the Cybertruck, is designed for outdoor enthusiasts who need a durable, rugged truck with ample storage space. With over 120 cubic feet of storage space, fast acceleration and 11,000 pounds of towing capacity, the Cybertruck is fully equipped for your next adventure.
As of 2024, you can order the Cyberbeast and standard all-wheel drive trims on Tesla’s website. The more affordable rear-wheel drive Cybertruck will be available in 2025.
| Base price | Estimated range | Top speed | |
|---|---|---|---|
| Rear-wheel drive (2025 release) | $60,990 | 250 miles | 112 miles per hour |
| All-wheel drive | $79,990 | 340 miles | 112 miles per hour |
| Cyberbeast | $99,990 | 320 miles | 130 miles per hour |
Which Tesla model is right for you?
Determining which Tesla model is best for you depends upon your lifestyle and personal preferences. If you enjoy the thrill of quick acceleration, consider the Model S. Buyers who want a roomier cabin with more storage space should check out Tesla’s Model X or Model Y. And if you want an electric vehicle that won’t break your budget, consider the Model 3.
| Model S (Standard/Plaid) | Model 3 (RWD/Long Range) | Model X (Standard/Plaid) | Model Y (RWD/Long Range/Performance) | |
|---|---|---|---|---|
| Acceleration (0–60 mph) | 3.1s / 1.99s | 5.8s / 4.2s | 3.8s / 2.5s | 6.6s / 4.8s / 3.5s |
| Range (miles) | 405 / 359 | 272 / 341 | 335 / 326 | 260 / 310 / 285 |
| Passenger capacity | 5 / 5 | 5 / 5 | Up to7 / Up to 6 | 5 / Up to 7/ 5 |
| Cargo space | 28 cubic feet | 24 cubic feet | 92 cubic feet | 76 cubic feet |
| Displays | 17” | 15” | 17” | 15” |
How to pay for your Tesla
Even the most affordable Tesla seems pricey in today’s market. Unless you’ve put enough money aside to pay for your new Tesla in full, chances are you’re considering your options to fund it. Keep reading to find out how you can pay for your Tesla.
Tesla lending
Tesla financing is available in certain states. A down payment is required. Financing terms range from 36 to 84 months. Using Tesla’s loan calculator when you are designing your new Tesla, you can see how much a Tesla will cost monthly, depending on the model you buy and the length of your loan.
| Tesla financing example | |
|---|---|
| Loan terms | 6.49% over 72 months |
| Model | Model S |
| MSRP | $74,990 |
| Down payment | $7,500 |
| Monthly payment | $1,211 |
Tesla leasing
Tesla provides leasing on new vehicles for terms of 24 to 36 months. If you plan to lease a Model X or Model S, you may be able to get a 36-month lease. Depending upon which vehicle you intend to lease, you should expect to make a down payment ranging from $4,500 to $7,500.
Annual mileage limits range from 10,000 to 15,000 miles per year. You can use the Tesla lease calculator on any Tesla model page to calculate your monthly lease payment.
| Tesla financing example | |
|---|---|
| Lease terms | 36 months, 10,000 annual miles |
| Model | Model S |
| MSRP | $74,990 |
| Down payment | $7,500 |
| Additional due at signing | $1,694 |
| Monthly payment | $999 |
Other financing options
You can visit your local bank, credit union, or an online lender to apply for financing. Going through a third-party lender can save you money if you shop around for the best interest rates and loan terms. If the lender pre-approves your loan, you will know how much money you can borrow before you begin shopping for your new Tesla. Check out our best auto loan rates to see what car loans and interest rates you may qualify for.
Tax incentives for Teslas
Depending on where you live, your state may offer tax incentives when you buy or lease a new Tesla. With these incentives, you may be able to reduce the purchase price of your vehicle, or you may get some money back when you claim these on your tax return. In addition to the electric vehicle tax incentives, some states offer EV owners rebates, discounted pricing on utilities, free parking and other bonuses.
| Electric vehicle tax incentives and bonuses | |
|---|---|
| Arizona | Reduced vehicle license tax and carpool lane access |
| California | Can use HOV lanes with valid Clean Air Vehicle decal |
| Colorado | Up to $7,500 tax credit for purchase or lease of qualifying new EV, rebate of up to $6,000 for the purchase or lease of an EV through Vehicle Exchange Colorado. |
| Connecticut | $2,250 rebate for new vehicles under $50,000, additional $2,000 rebate for income-qualified buyers of qualifying vehicles, exemption from state emissions testing, and reduced registration fee |
| Delaware | $2,500 rebate for new vehicles with a purchase price under $50,000 |
| District of Columbia | Exemption from excise tax, reduced vehicle registration fees |
| Florida | Can use carpool lanes with HOV decal |
| Georgia | Toll-free express lane access for EVs with AFV plates |
| Hawaii | Carpool lane access, emissions test exemptions and reduced rates for electric vehicle charging |
| Idaho | State exemption from vehicle inspection and maintenance program |
| Illinois | Exempt from state vehicle emissions inspections |
| Maine | Rebate of up to $7,500 on battery electric vehicles through Efficiency Maine |
| Maryland | Excise tax credit up to $3,000 on EVs with base price up to $50,000, up to $700 rebate on wall connectors and installation, HOV lane access and qualified vehicles are exempt from emissions testing |
| Massachusetts | Up to $6,000 rebate for purchase or lease of eligible EV |
| Michigan | Exempt from emissions testing |
| Minnesota | Rebate of up to $2,500 for new EV purchase or lease, up to $600 for used EV purchase |
| Nevada | Exempt from emissions testing |
| New Jersey | Sales tax exemption, can drive in HOV lanes on the New Jersey Turnpike and 10% discount on off-peak toll prices on NJT and GSP through EZ-Pass |
| New York | Drive Clean rebate of up to $2,000 for eligible EV purchases, exemption from emissions testing and HOV lane access on the Long Island Expressway with Clean Pass sticker |
| North Carolina | Exempt from state emissions testing, HOV lane access |
| Ohio | Exempt from state emissions testing |
| Pennsylvania | Up to $2,000 rebate available for new or certain used EVs with a final purchase price of $50,000 or less, additional $1,000 available to low-income applicants |
| Rhode Island | $1,500 rebate for purchase or lease of new EVs with a purchase price under $60,000, state emissions testing exemption |
| Vermont | Up to $5,000 for purchase of eligible EV |
| Virginia | Exempt from emissions testing |
| Washington | Sales tax reduction on the purchase or lease of a qualifying EV |
Frequently asked questions
The amount you’ll pay each month for your Tesla depends upon the price of the vehicle, how much money you put down and your interest rate. You can use the Tesla loan calculator to estimate your monthly payment.
Tesla owners should expect to pay between $8.50 and $20 to fully charge their Tesla. Costs may vary based on the model, the remaining battery capacity and the local price of electricity.
Typically, you can find used models on the manufacturer’s site. You may also find used vehicles online or at used car dealerships.