Price

How much does a Tesla cost? What’s the price of a Tesla Model 3? Or a Model S or X? Am I going to save thant much in gas? We’ve collected some tools and calculators to help you make an informed decision.

The price of a Tesla Model 3 in the US starts at $35,000 (before tax incentives), whereas in Europe it starts at 50.000 euros. Maintenace costs, gas, EV tax incentives, and insurance costs, are some of the most important things to take into account when purchasing a Tesla.

Past Tesletter articles

AP and FSD prices are going up!

Tesla dropped FSD and AP for owners but Elon just announced that prices are going back to normal on Monday. This is after a few Tesla owners who already purchased EAP complained about having to pay more for FSD than people who didn’t. If you own a Tesla and you want to take advantage of the lower prices for FSD or AP, hurry up and get them before Monday.

Read more: Twitter

From issue #50

Calculate your loan (M3 vs. MS)

Model S or Model 3, which one should you get? Use this comparison spreadsheet to compare costs. Thanks nberardi!

Read more: Spreadsheet - Reddit

From issue #11

Cost of ownership of buying Model 3 vs keeping my M235i

Oyinko has created a spreadsheet to compare the cost of buying a Model 3 vs keeping his M235i.

Comparing the cost of ownership of a Model 3 AWD ($19,280) and P3D ($23,920) vs the M235i ($22,650), the numbers are very close. Although the price of the Model 3 (both of them) is higher than the M235i, the total cost of ownership is only 3k of difference for the AWD and 9k for the P3D.

Thanks for sharing Oyinko!

Read more: Google spreadsheet

From issue #20

EV vs. ICE saving estimator

Thank you mennydrives for this awesome spreadsheet to compare gas/electricity prices.

See document: Google spreadsheet

From issue #2

How does the resale value of Tesla's Model S hold up?

A recent report from venture capital firm Loup Ventures found that the depreciation of Tesla’s MS compares quite favorably with that of other vehicles in its class (Tesla Model S loses 28% of its value vs. Mercedes S-class ~36%, and BMW 7 Series 40%). Not that we’re planning on selling our MS any time soon, but lucky us :)

Read more: Evannex

From issue #37

How much does it cost to charge a Tesla?

Thanks pete3442 for putting together the numbers. Here is a summary of his calculations.

Cost of electricity $0.12/kWh. Cost of gas $3/ galon.

Car              Consumption         $ / 100 miles
Model 3 4 miles per kWh $3
SUV 20 mpg $15
Prius 50 mpg $6

Read more: Reddit

From issue #17

How much does it cost to charge a Tesla?

«Compare The Market» offers a very general overview of electricity rates and calculates how much it would cost to charge up a Tesla. All calculations are based on a MS with a 100 kWh battery charge & 259 miles per charge. The cheapest country is Chile where it costs $2.70 per 100 miles. The most expensive is Denmark where it costs $13.13 per 100 miles.

Read more: Compare The Market

From issue #64

I spend more (money) on tires than fuel

After two years of owning a Model S, this owner has spent more money per mile on tires than on electricity. These are his calculations:

  • Tires: $1300/40k mi = 3.25 cents/mi
  • Electricity: $0.07/kWh * 1 kWh/3 mi = 2.3 cents/mi

As one of the comments mentioned when he or she complained about the cost of replacing the performance tires… «you gotta pay to play.

Read more: Reddit

From issue #67

Is it worth leasing a Tesla?

Apparently not. Some of the main reasons shared by Tesla owners in the TMC forum are:

  • Tesla takes the 7500 tax credit and pockets it, (unlike Nissan which treats it like a down payment)
  • Bad money factor (e.g. hidden costs in the monthly payment)
  • One of Tesla’s main advantages is the Supercharger network for further travel - you’re not going to be taking advantage of that in a lease with limited yearly mileage»

Read more: TMC Forum

From issue #21

Model X and Model S get cheaper in the newest version

Tesla has dropped the price of the Model S and tthe Model X by $8,000. Model S and Model X that were previously sold under the 100D label will now be sold as “Extended Range” vehicles, while Tesla’s top-of-the-line P100D variants will now be branded as Model S Performance and Model X Performance. If you’re tempted, order before February 1st and get 6 months of free Supercharging with our referral code http://ts.la/ignacio9266

Read more: Teslarati

From issue #44

Tesla loan comparison spreadsheet

Useful spreadsheet comparing the different loan options for Teslas out there. Take a look if you are financing soon!

Read more: Spreadsheet

From issue #26

Tesla M3 cost calculator

Includes ‘Performace’ option. Thank you budlande for recovering this, updating, and sharing!

More: Google spreadsheet

From issue #9

Tesla Model 3 maintenance costs, warranty info, and service items - One year later

TeslaJoy - I’m proud to say she is a subscriber to this newsletter, hi Joy! - has published a fantastic video about her first year of owning a Model 3 and what that her maintenance costs have been.

From issue #81