Molly Ayala
Tesla has proven that electric vehicles can be desirable, offering a range of features and add-ons that affect the price of the vehicle. The company manufactures only fully electric vehicles, with four models currently in the lineup: Model 3, Model Y, Model S, and Model X. The cost of a Tesla electric vehicle varies, ranging from $32,490 to $125,490, with the cheapest model being the base Model 3 Rear-Wheel Drive, starting at $42,490. Many of Tesla's models are eligible for a $7,500 federal tax credit to bring the price down, and the company has plans to introduce a $25,000 next-generation electric vehicle.
| Characteristics | Values |
|---|---|
| Are all Tesla vehicles electric? | Yes, Tesla manufactures only fully electric vehicles. |
| Number of Tesla models | 4 (Model 3, Model Y, Model S, and Model X) |
| Cost of Tesla vehicles | $32,490 to $125,490 depending on the model and package chosen |
| Cheapest Tesla model | Model 3 Rear-Wheel Drive, starting at $42,490 |
| Most expensive Tesla model | Model X, featuring Falcon Wing doors |
| Tesla Roadster | Promises to be the fastest street-legal car yet, with a top speed of 250 miles per hour and a range of 620 miles |
| Tesla Superchargers | Open to non-Tesla vehicles by the end of 2024 |
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What You'll Learn
Tesla manufactures only fully electric vehicles
Tesla has also revealed its pickup truck, the Cybertruck, which has a starting price of $79,990. The Cyberbeast, with all the bells and whistles, costs $99,990. The Cybertruck is only available for pre-order, with an expected delivery date in 2025.
Five new Tesla models qualify for the $7,500 federal tax credit for electric vehicles: the Model 3 Long Range All-Wheel Drive (AWD), the Model 3 Performance AWD, the Model Y Long Range RWD, the Model Y Long Range AWD, and the Model Y Performance AWD. The Roadster, which is expected to return to the lineup in 2026, promises to be the fastest street-legal car yet, with a top speed of 250 miles per hour and a range of 620 miles.
Tesla's CEO, Elon Musk, has announced plans to dramatically reduce the cost of its battery cells and packs, with the goal of creating a $25,000 electric car. Musk's plan is to create "a sustainable energy civilization".
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Tesla Superchargers are open to non-Tesla electric vehicles
Tesla manufactures only fully electric vehicles. Four Tesla models are in the current lineup: Model 3, Model Y, Model S, and Model X.
Tesla Superchargers are now open to non-Tesla electric vehicles. In 2023, Tesla announced that it was opening up much of its charging network to owners of non-Tesla EVs. This was partly to qualify for a slice of the $7.5 billion in the 2021 Bipartisan Infrastructure Law, which was designed to address climate change, healthcare, and taxes.
As of 2024, a hundred Supercharger stations now provide Magic Dock adapters that allow most EVs from other brands with Combined Charging Standard (CCS) outlets to plug into chargers that use Tesla’s unique North American Charging Standard (NACS). Most of these are located near major cities or in the northeastern U.S., and you can find them on Tesla’s map of chargers listed as “Superchargers Open to Other EVs”.
However, there are some drawbacks to using Tesla Superchargers for non-Tesla vehicles. For example, vehicles with 800-volt charging infrastructure, such as the Audi E-Tron GT and Hyundai Ioniq 5, will not be able to charge as quickly as they would at chargers designed for them. Additionally, charging a non-Tesla vehicle at a Tesla Supercharger is currently one of the most expensive fast-charging options per kilowatt-hour (kWh).
In the future, it is expected that more non-Tesla vehicles will be able to access Tesla Superchargers. Several automakers have announced that their customers will gain access to the Supercharger network in 2025, including BMW, Mini, Rolls-Royce, and Honda.
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Tesla's electric vehicles are high-end and high-performance
Tesla has proven that electric vehicles can be desirable, combining outstanding performance and high-tech interiors with a usable driving range. The company set out to prove that people could drive high-end, high-performance all-electric cars that can charge with clean energy. Indeed, Tesla manufactures only fully electric vehicles.
The cost of a Tesla electric vehicle in 2025 ranges from $32,490 to $125,490, depending on the model and package chosen. The cheapest Tesla model is the base Model 3 Rear-Wheel Drive, starting at $42,490. This is less than the average cost of an electric car, which is about $55,000. The Model 3 is also eligible for a $7,500 federal electric vehicle tax credit, which can make it even more affordable. The Model 3 Performance, a smaller and less expensive option, is also worth considering.
The most expensive Tesla model is the Cybertruck Cyberbeast variant, with a starting price of $99,990. This model is only available for pre-order, with an expected delivery date in 2025. The Cybertruck offers unique options for an outdoor lifestyle, such as a Cybertent for camping. It is important to note that the Cybertruck is not eligible for the federal EV tax credit due to its high price.
Another notable Tesla model is the Model Y, which is eligible for the full $7,500 Federal Clean Vehicle Tax Credit. The Model Y offers a range of variants, including the Long Range Rear-Wheel Drive and the Performance All-Wheel Drive. The Model X, Tesla's most expensive SUV, features unique Falcon Wing doors and can accommodate up to seven people.
With its range of models, Tesla caters to various preferences and requirements, solidifying its position as a leading manufacturer of high-end and high-performance electric vehicles.
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Tesla's electric vehicles are priced between $32,490 and $125,490
Tesla manufactures only fully electric vehicles. The company aims to prove that people can drive high-end, high-performance, all-electric cars that can be charged with clean energy.
Tesla's electric vehicles are priced between \$32,490 and \$125,490. The cheapest Tesla model is the base Model 3 Rear-Wheel Drive, which starts at \$42,490. This is significantly less than the average cost of an electric car, which is about \$55,000. The Model 3 is also the only Tesla model that can be purchased for under \$50,000. The Long Range version of the Model 3 is priced at \$47,490, while the Performance model, the most expensive in the Model 3 range, starts at \$54,990.
The next cheapest Tesla model is the Model Y, which starts at \$59,990 for the Long Range version and \$64,990 for the Performance model. The Model S is Tesla's premium offering, with a standard dual-motor variant that starts at \$79,990. The Model S Plaid variant, Tesla's fastest vehicle, has a starting price of \$94,990 but can exceed \$112,000 depending on customization. The Cybertruck's base model costs \$79,990, while the fully-loaded Cyberbeast model costs \$99,990.
It is worth noting that Tesla offers various features and add-ons that can affect the price of the vehicle. For example, choosing a red Tesla will always cost more than the standard stealth grey. Additionally, some Tesla models are eligible for a \$7,500 federal tax credit, which can bring the price down.
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Tesla's electric vehicles are eligible for federal tax credits
Tesla manufactures only fully electric vehicles. The company aims to prove that people can drive high-end, high-performance electric cars that can be charged with clean energy. Four Tesla models are currently in the lineup: Model 3, Model Y, Model S, and Model X.
In 2025, the cost of a Tesla electric vehicle will range from $32,490 to $125,490, depending on the model and package chosen. Many Tesla models are eligible for a $7,500 federal tax credit to bring the price down. This credit is non-refundable, so you can't get back more on the credit than you owe in taxes, and any excess credit cannot be applied to future tax years.
The eligibility criteria for the tax credit include:
- The vehicle must be purchased and delivered within the specified dates. For example, for a credit based on prior rules, the contract to buy the vehicle should be between December 31, 2021, and August 16, 2022, with delivery on or after August 16, 2022.
- The vehicle must be used primarily in the US.
- The manufacturer must not have sold more than 200,000 EVs in the US.
- The vehicle must undergo final assembly in North America.
In addition to federal tax credits, some states offer additional rebate programs for EV purchasers to reduce the upfront costs of electric cars. For example, PG&E offers eligible customers a $7,500 rebate on the purchase and installation of Powerwall, and Central Coast Community Energy (3CE) offers an incentive of up to $500 per kWh on battery installations.
It is important to note that eligibility for tax credits depends on your personal tax situation, and Tesla does not guarantee eligibility or fund availability. It is recommended to consult a tax professional for guidance and check the IRS website for the most up-to-date information.
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Frequently asked questions
Yes, Tesla manufactures only fully electric vehicles.
There are four Tesla models: Model 3, Model Y, Model S, and Model X.
The cheapest Tesla model is the base Model 3 Rear-Wheel Drive, starting at $42,490.
Yes, Tesla is working on a $25,000 next-generation electric vehicle that will likely be a crossover or hatchback.
Yes, many Tesla models are eligible for a $7,500 federal tax credit for electric vehicles.
