Although its sales lead was just usurped by BYD, Tesla continues to dominate as an EV industry leader entering 2024. While other automakers are driving their new electrified models through a door in the automotive industry that Tesla originally kicked in, the American automaker now offers five ever-popular EV models. That being said, prices have risen in recent years and, in true Tesla fashion, fluctuate often. Here’s where Tesla prices currently sit in 2024.
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How much is a Tesla in 2024?
Tesla currently offers EV models of varying trim levels and prices in 2024. Below, we have compiled all the current pricing for each available Tesla model, ranging from its lowest, bare-bones starting price to its maximum MSRP. Let’s begin with Tesla’s most affordable EV, the Model 3.
2024 Model 3 prices: The “cheapest” Tesla
When we say that the Model 3 is the most affordable Tesla, that doesn’t necessarily mean it doesn’t cost a lot. You may recall that when Tesla first introduced this EV in 2016, it aimed to deliver it at a price below $35,000 and did – for a very short time.
First and foremost, it’s important to preface these prices by stating that they are accurate at the time of this post, but Tesla likes to keep us all on our toes, so that could certainly change. We will try our best to keep this article updated with the latest pricing for you. Let’s dig in.
Currently, the Rear-Wheel Drive trim of the Tesla Model 3 starts at an MSRP of $38,990 with zero upgrades, not including any taxes, destination, or other fees.
To give you the full price range of the Model 3, we also priced it with every available upgrade, including red paint, 19″ Sport Wheels, a black and white interior, and the perpetually forthcoming full self-driving capability for an additional $15,000. All in, the fully-loaded RWD Model 3 costs $55,490.
Suppose you don’t want to spring for full self-driving capabilities. In that case, Tesla offers a less robust add-on called Enhanced Autopilot that delivers features like an auto lane change, auto park, and navigation on autopilot. That option is only $6,000 rather than the $15,000 mentioned above.
The Long Range Model 3 currently starts at an MSRP of $45,990. Add the same available upgrades mentioned above, including full self-driving capabilities, and the new Long Range Model 3 can cost you $62,490.
Lastly, the Performance version of the Model 3 continues to drop in price compared to 2022 and 2023. The 2024 version starts at an MSRP of $50,990. Decked out, it can go as high as $65,990 with 20″ Überturbine wheels and other add-ons mentioned above.
Together, these are easily the most affordable prices we’ve seen for the Model 3 to date.
Another sales tactic for Tesla introduced last year is a separate fee for charging connectors. No matter which model or trim you choose, you must pay an additional $200-$400 for your mobile or wall charging connector. Model 3 prices have come a long way since its initial debut as Tesla’s cheapest EV, but you can save some cash by getting yourself a pre-owned model.
As of January 1, 2024, only the 2023 and 2024 Performance trims of the Tesla Model 3 qualify for up to $7,500 in federal tax credits.
Tesla Model Y prices
Before the much-delayed arrival of Cybertruck (more on that later), the Model Y was Tesla’s newest model EV, despite beginning deliveries in early 2020. Four years later, the Tesla Model Y reigns as the best-selling EV on the planet, available in three different trims and prices.
Just like the Model 3 above, we have provided the bare bones MSRP option as well as the fully loaded Model Y with add-ons like red paint, 20″ Induction Wheels, a black and white interior, a tow hitch, and full FSD capabilities (again, you also can pay $6,000 for “enhanced autopilot” instead).
To begin, Tesla has once again reintroduced a more affordable RWD drive version of the Model Y that starts at an MSRP of $43,990. Combined with all the available add-ons including 20″ Induction Wheels, red paint, tow hitch, and full self driving, the standard Model Y costs $61,990. Note – this option only features the five seat interior.
Next, the dual motor Long Range Model Y starts at a base MSRP of $48,990 and can jump to $69,490 fully decked out. This higher price includes all the available features mentioned above as well as the seven-seat interior option for an extra $3,000 (only available on the Long Range trim).
The Model Y Performance trim starts at $52,490 and increases to $68,490 when souped up, but it only includes the five-seat option.
Recently, the IRS updated its classification of the Model Y as an SUV, meaning its MSRP limit jumped from $55,000 to $80,000, meaning all three trims now qualify for federal EV tax credits up to $7,500.
Tesla Model S prices
Aside from the original Tesla Roadster, the Model S remains the most senior EV model from the American automaker and the longest-running in production. As more affordable Tesla models like the 3 and Y dominated sales over the years, a higher-end EV like the Model S has seen fewer suitors but remains popular as one of the best money can buy.
In 2024, consumers who can afford the prices of the Tesla Model S trims are certainly still buying, especially given the high-end specs its Plaid trim provides. On the other end, Tesla’s only other current Model S trim is the AWD Dual Motor.
That model currently begins at an MSRP of $74,990. Despite not having any add-ons, the $75k version of the Model S can travel 0-60 mph in just over three seconds and offers over 400 miles of EPA estimated range.
That said, the loaded version of the Dual Motor Model S provides similar performance but with added features like “Ultra Red” exterior paint, a cream (or black and white) interior, yoke steering, and FSD capabilities – all for $94,490. This price also includes 21″ Arachnid wheels, which lowers this trim’s range to 375 miles.
The impressive Dual Motor Model S specs are nothing compared to Plaid and the price tag that follows suit. The tri-motor Model S Plaid starts at an MSRP of $89,990 with zero upgrades. However, you’re looking at a purchase price of $109,490, including those same Arachnid wheels that again sacrifice a bit of range (~48 miles).
Throughout 2023, we saw Tesla lower prices of all its original sedans multiple times and even started offering customers the choice of the standard steering wheel again.
Given its high starting MSRP, no Model S models currently qualify for federal tax credits.
Prices for 2024 Tesla Model X
You’d think that with the sportiness of the Model S Plaid, it would be the most expensive Tesla model, and for a period of time, it was. However, 2022 brought about a Plaid version of the Tesla Model X, and ever since then, the SUV’s prices remain the automaker’s highest yet.
You get what you pay for, as they say, and the Model X has the most to offer drivers in terms of space and performance, but for a price. Like its veteran sedan counterpart, the Model X briefly came in three available trims – including the aforementioned reemergence of the Standard Range trim. However, the lower-range version has since been removed, although Tesla has significantly lowered the prices of the other two trims.
To begin, the Dual Motor Model X starts at an MSRP of $79,990 minimum. From there, it vaults up to $106,990 with added bonuses like 22″ Turbine wheels, a cream interior, and a $6,500 up-charge for a six-seat interior that includes captain’s chairs. If you’d rather have the seven-seat row, it costs $3,000 less.
The Model X refresh brought a Plaid version to the lineup to replace the Performance trim. Plaid starts at $94,990 and maxes out at $115,490, including all the most expensive add-ons. Note that the Model X Plaid currently only comes in the six-seat interior.
Tesla recently shared that the 2023 and 2024 model years of its Dual Motor Model X currently qualify for up to $7,500 in federal tax credits.
Finally! Cybertruck has arrived… a bit more expensive though
When it was first announced, Tesla shared that its truly unique-looking Cybertruck would debut in three separate trims of varying MSRPs:
- Single motor RWD – $49,900
- Dual motor AWD – $59,900
- Tri motor AWD – $79,900
However, Cybertruck production had been delayed multiple times, and after October 2021, the pricing and specs of the Cybertruck were no longer listed on Tesla’s website. In May of 2022, Tesla began once again taking reservations for North American customers only.
In late November of 2023, Tesla hosted a live “Customer Delivery Event” that showcased the first-ever deliveries of the Cybertruck as well as a slew of new details and accessories. Pricing is one of the most talked about factors for reservation holders and EV enthusiasts leading up to the debut.
We now have our answer: the Cybertruck debuted at an MSRP more than 50% higher than initially promised. Here’s how 2024 Tesla Cybertruck prices break down:
- Single motor RWD – $60,990
- Dual motor AWD – $79,990
- Tri motor AWD aka “Cyberbeast” – $99,990
Since The Cybertruck is made in the US, the first two trims could qualify for federal tax credits since they are priced below the $80,000 threshold for trucks and SUVs. However, neither Tesla nor the IRS have confirmed that yet. Based on Tesla’s other offerings, there’s no reason to believe, at the very least, that the RWD option will eventually qualify for credits.
Here are some more specs about the Cybertruck, which is available to order now. Deliveries are expected to continue next year, followed by RWD deliveries in 2025.
What’s the status of the 2nd generation Tesla Roadster?
While Tesla fans waited over four years for the Cybertruck to arrive, they’ve been tortured even longer by the prospect of a 2nd Generation Roadster, which was initially unveiled in 2017.
It was first scheduled to begin production in 2020, but Tesla has continuously punted its start of assembly to focus on its other EVs, particularly the Cybertruck. We know that this hyper-EV is delayed until at least 2024 at the earliest.
Tesla originally listed the revamped Roadster for $200,000, with $50,000 required to confirm a reservation. Additionally, Tesla initially offered a “Founder’s Series” version of the Roadster, which appeared to be a limited production run for $250,000. The Founders Series Roadster required the whole amount up front within ten days of the reservation and has since sold out.
In 2024, Tesla no longer lists any prices for the 2nd Generation Roadster, nor does it mention the Founder’s Series version at all. All we know is that you still need to pay $50,000 within ten days of reserving one to hold your spot in line.
While you wait for its arrival, you can relive the magic of the Roadster’s first unveiling back in 2017 below.
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