All 2023 Tesla Models Prices: Electric Tesla Vehicle Price
Note: This content has been updated to reflect the latest prices as of June 2023.
Tesla has created electric exciting, desirable, and affordable vehicles. If you want to purchase a Tesla right now. There is good news for you: You can now claim a $7,500 tax credit on certain models.
Read on to find out what it costs to buy, colorize, customize, charge, and maintain a Tesla in 2023.
Tesla Prices at a Glance:
- The Tesla Model 3 2023 will prices as little as $43,490 and as much as $73,630.
- The Tesla Model Y 2023 prices between $57,990 and $78,630.
- The Tesla Model 3 2023 Performance, Model 3 Standard Range, Model Y All-Wheel Drive, Model Y Long Range, and Model Y Performance all qualify for the federal EV tax credit.
- The Tesla Model X 2023 is the most expensive Tesla, starting prices at $109,990 and potentially reaching as much as $144,990.
- There are some extra prices when purchasing a Tesla 2023, like a $250 non-refundable order fee, a $1,390 destination fee, and the cost of purchasing a charger, which can range from $250 to $425.
Prices of all Tesla models in 2023
| Model and version | Max range* | Base price | Fully loaded** |
|---|---|---|---|
| Model 3 Rear-Wheel Drive ($7,500 tax credit applies) | 272 miles | $43,490 | $64,630 |
| Model 3 Long Range | Unavailable | Unavailable | Unavailable |
| Model 3 Performance | 315 miles | $53,990 | $73,630 |
| Model Y Long Range | 330 miles | $54,990 | $81,630 |
| Model Y Performance | 303 miles | $57,990 | $78,630 |
| Model S | 405 miles | $94,990 | $120,630 |
| Model S Plaid | 396 miles | $114,990 | $140,630 |
| Model X | 351 miles | $109,990 | $140,130 |
| Model X Plaid | 333 miles | $119,990 | $144,990 |
*The max range achievable using the most fuel-efficient options for each variant. All estimates provided by Tesla.
**Price after adding the most expensive customizations and add-ons offered, including Full Self Driving Capability. Includes destination and order fees.
What Tesla Models Qualify for the Federal EV tax credit?
The most popular incentive for buying an electric vehicle is the federal EV incentive, which can be worth up to $7,500. In total, five Tesla versions qualify for the EV tax credit:
| Model | Incentive value |
| Model 3 Performance | $7,500 |
| Model 3 Standard Range Rear Wheel Drive | $3,750 |
| Model Y All-Wheel Drive | $7,500 |
| Model Y Long Range All-Wheel Drive | $7,500 |
| Model Y Performance | $7,500 |
To qualify, the final assembly of the car must take place in North America. The tax credit consists of two parts: $3,750 if the battery meets critical mineral requirements and $3,750 if the battery meets assembly and manufacturing requirements. There are also MSRP limits, with SUVs, trucks, and vans not able to exceed $80,000, while all other vehicles cannot exceed $55,000.
You also cannot exceed the incentive’s income limit threshold of $300,000 for joint filers, $225,000 for a head of household, and $150,000 for single filers.
Tesla Model 3 Prices
Tesla gives you the ability to customize your Model 3, which can increase how much you spend. The following table outlines the customization options available for both the standard Model 3 and the Performance trims:
| Feature | Cost |
| Midnight Silver paint | $1,000 |
| Deep Blue Metalic paint | $1,000 |
| Solid Black paint | $1,500 |
| Red Multi-Coat paint | $2,000 |
| 19” Sport Wheels* | $1,500 |
| Black and White Interior | $1,000 |
| Enhanced Autopilot | $6,000 |
| Full Self Driving | $15,000 |
*Not available for the Model 3 Performance
Tesla Model Y Prices
The car drives a lot like the Model 3, but gives you more room for both passengers and cargo. Also, like the Model 3, the Model Y can be customized to your liking.
| Feature | Cost |
| Midnight Silver Metallic paint | $1,000 |
| Deep Blue Metallic paint | $1,000 |
| Solid Black paint | $1,500 |
| Red Multi-Coat paint | $2,000 |
| 20” Induction Wheels* | $2,000 |
| Tow Hitch | $1,000 |
| Black and White interior | $1,000 |
| 7 Seats* | $4,000 |
| Enhanced Autopilot | $6,000 |
| Full Self-Driving Capability | $15,000 |
*Not available for the Model Y Performance
Read: Lincoln Star 2025 Price in USA, Release date and Specs
Tesla Model X
The Model X is Tesla’s larger SUV option, known for its distinctive ‘falcon-wing’ doors. At $109,990, the 2023 Tesla Model X standard variant has a higher base price than any other base model Tesla. The faster, more luxurious Model X Plaid variant starts at $119,990. Much like the Model S, the Model X is too expensive to receive the EV tax credit.
| Feature | Cost |
| Midnight Silver Metallic paint | $1,500 |
| Deep Blue Metallic paint | $1,500 |
| Solid Black paint | $1,500 |
| Red Multi-Coat paint | $2,500 |
| 22” Turbine Wheels | $5,500 |
| Black and White interior | $2,000 |
| Cream interior | $2,000 |
| 6 Seats* | $6,500 |
| 7 Seats* | $3,500 |
| Enhanced Autopilot | $6,000 |
| Full Self-Driving Capability | $15,000 |
Tesla Model S Prices
Needless to say, the Model S exceeds the MSRP limits for the tax credit, so don’t expect a tax break from the federal government for this EV.
| Feature | Cost |
| Midnight Silver Metallic paint | $1,500 |
| Deep Blue Metallic paint | $1,500 |
| Solid Black paint | $1,500 |
| Red Multi-Coat paint | $2,500 |
| 21” Arachnid Wheels | $4,500 |
| Black and White interior | $2,000 |
| Cream interior | $2,000 |
| Enhanced Autopilot | $6,000 |
| Full Self-Driving Capability | $15,000 |
Upcoming Tesla Models Prices: Cybertruck, ‘Model 2’ and Roadster
If you’re more interested in one of Tesla’s upcoming offerings, here’s a quick look at what you can expect to pay for each model, and when they’re scheduled to be released.
| Model | Base price | Max price | Expected launch |
|---|---|---|---|
| CyberTruck | $39,900 | $69,900+ | Late 2023 |
| Roadster | $200,000 | $250,000 | 2023 |
| Model 2 | $25,000 | N/A | 2025 |
Are Tesla cars worth the price?
While Teslas aren’t the cheapest cars around, they offer plenty of bang for your buck.
They are emissions-free, boast excellent safety ratings, offer fantastic driving performance, and have long driving ranges. They also come with low running costs, especially when compared to conventional gas-powered vehicles.
Furthermore, owning Tesla allows you to use a home solar panel system as a fuel source. Solar panels generate power that is both clean and cheap, so using them to charge your vehicle will amplify the already great environmental and cost benefits of Tesla ownership.
