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.
All 2023 Tesla Models Prices
All 2023 Tesla Models Prices

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.

All 2023 Tesla Models Prices
All 2023 Tesla Models Prices

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
All 2023 Tesla Models Prices
All 2023 Tesla Models Prices

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.

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