As soon as you reach adulthood, you Graduate and Obtain your first job. What comes next? It is necessary to get a car unless you are in a big town with an excellent transportation system. Perhaps not.
Owning a Tesla is the greatest option for car purchasers. EV market leader Tesla is still in control as of 2024, despite BYD overtaking it in sales. While other automakers drive their new electric models through an entryway in the automobile industry that Tesla first opened, the American manufacturer currently offers five popular EV models. However, costs have climbed in the last decade and, in typical Tesla flair, change often.
What is the 2024 price of a Tesla?
In 2024, Tesla is likely to sell EV cars at different price points and trim levels. Every Tesla model currently on the market is listed here, with prices ranging from the base, lowest beginning price to the highest MSRP.
Let’s start with the Model 3, Tesla’s most reasonably priced EV.
2024 Model 3 costs: The most affordable Tesla
Not all Tesla models are as inexpensive as the Model 3, even if that is what we mean when we call it that. Recall that Tesla promised to provide this EV for less than $35,000 when it debuted it in 2016. For a short span, it succeeded in doing so.
It is imperative to note that these costs are correct as of the date of this publication, but because Tesla is known for keeping us all guessing, things might change at any time. In order to guide you with the most recent prices, we will keep this information updated. Now, let’s get started.
Currently, the MSRP of the Tesla Model 3’s Rear-Wheel Drive trim, with no upgrades, does not include taxes, their final location, or other costs. It is $38,990.
We priced the Model 3 with every possible option, including red paint, 19-inch Sport Wheels, a black and white inside, and the perpetually impending complete self-driving capabilities, for an extra $15,000. This gives you the whole pricing range of the Model 3. The total cost of the fully equipped RWD Model 3 is $55,490.
Let’s say you need more time to commit to fully autonomous driving. In such a scenario, Tesla provides Enhanced Autopilot, a less feature-rich add-on that enables automatic lane changes, parking, and navigation. Compared to the $15,000 stated above, that choice is just $6,000.
With its current MSRP of $45,990, the Long Range Model 3 is costly. For $62,490, you may have the new Long Range Model 3 with all the previously listed optional upgrades, including complete self-driving capability.
The Performance model of the Model 3 is still less expensive than the 2022 and 2023 versions. An MSRP of $50,990 is set for the 2024 edition. Equipped with 20-inch Überturbine wheels and additional accessories, the price may reach $65,990.
These are the lowest prices we have encountered for the Tesla Model 3.
One of Tesla’s marketing strategies from the previous year is an additional cost for charging connections. Your cellular or wall charging port will cost an extra $200 to $400, regardless of which version or trim you select. Although the cost of the car three has significantly decreased since it was first introduced as Tesla’s most affordable EV, purchasing a pre-owned vehicle will still save you money.
Only the Tesla Model 3 Performance trims for 2023 and 2024 are eligible for federal tax credits of up to $7,500 as of the beginning of 2024.
What are the predicted Estimates for the Tesla Model Y.
In spite of starting deliveries in early 2020, the Model Y was Tesla’s newest model EV before the much-delayed arrival of Cybertruck (more on that later). After four years of release, the Tesla Model Y—which comes in three distinct trim levels and pricing points—remains the world’s best-selling electric vehicle.
The fully loaded Model Y with extras like red paint, 20-inch Induction Wheels, a black and white interior, a tow hitch, and full FSD capabilities (remember, you can optionally pay $6,000 for “enhanced autopilot” instead), and the basic MSRP option, similar to the Model 3 above have been offered.
First, Tesla has relaunched the Model Y with an MSRP of $43,990, a more inexpensive RWD drive variant. The base Model Y costs $61,990 when all the optional features, such as the 20-inch Induction Wheels, red paint, a tow hitch, and fully autonomous driving, are included. Note: The interior of this variant only has five seats.
Next, the MSRP of the dual motor Long Range Model Y is $48,990 at base price and may reach $69,490 when fully equipped. All the amenities listed above are included in this expensive price, and for an additional $3,000, a seven-seat interior option is also available (available exclusively on the Long Range model).
The Model Y Performance trim comes with the five-seater option, starting at $52,490. When it is upgraded, it goes up to $68,490.
The Model Y’s MSRP cap was raised from $55,000 to $80,000 due to an amendment by the IRS that classified it as an SUV. As a result, all three trim levels are now eligible for federal EV tax credits of up to $7,500.
Cost for the Tesla Model S.
The Model S is still the American automaker’s most established electric vehicle (EV) and has been in production the longest, except the original Tesla Roadster. Though a higher-end EV like the Model S has attracted fewer admirers, it remains popular as one of the finest money can buy, even as sales of lower cheap Tesla models like the three and Y have dominated over the years.
Customers who can afford the Tesla Model S trim levels in 2024 will undoubtedly continue purchasing the vehicle, especially with the premium features of the Plaid model. Conversely, the AWD Dual Motor is the only other Model S variant that Tesla currently offers.
Right now, the model starts at $74,990 on the MSRP. Without its accessories, the $75k Model S has an estimated EPA range of nearly 400 miles and can accelerate from 0 to 60 miles per hour in just about under three seconds.
Nevertheless, at $94,490, the equipped Dual Motor Model S offers comparable performance and extras like an exterior painted in “Ultra Red,” an interior designed in cream or black and white, manual steering, and FSD capabilities. The range of this trim is reduced to 375 miles by adding 21-inch Arachnid wheels, which are included in the pricing.
The Plaid and its corresponding price tag are even more stunning than the remarkable Dual Motor Model S specifications. With no improvements, the MSRP of the tri-motor Model S Plaid is $89,990. But the $109,490 buying price includes those same Arachnid wheels, which once more trade off some range (around 48 miles).
In 2023, Tesla repeatedly reduced the price of all of its original cars and even resumed giving consumers the option of the basic steering wheel.
There are presently no Model S versions that are eligible for tax incentives from the government due to their high starting MSRP.
2024 Tesla Model X charges
Given its sporting attributes, one might assume that the Model S Plaid would be the priciest Tesla model—and for a while, it was. But a Plaid variant of the Tesla Model X was introduced in 2022, and the SUV’s pricing has remained the most the manufacturer has ever charged.
As they say, you get the quality you pay, so the Model X offers drivers the most room and performance for the money. Like its more seasoned sedan predecessor, the Model X was provided in three different trim levels, including the previously announced return of the Normal Range trim. The entry-level model, however, is no longer available, even though Tesla has drastically reduced the cost of the other major trims.
The Dual Motor Model X has a starting MSRP of a minimum of $79,990. With extra features like 22-inch turbine wheels, ivory upholstery, and a $6,500 upcharge for a six-seat cabin with captain’s seats, its price can go up to $106,990 from there. The cost of the seven-seat row is $3,000 cheaper if that is your preference.
A Plaid model was added to the range to substitute the Performance level in the Model X update. Plaid’s starting price is $94,990, and its maximum price, with all the most costly add-ons included, is $115,490. It may be noted that the Model X Plaid is only available with a six-seat interior.
Tesla recently disclosed that the Dual Motor Model X for the 2023 and 2024 model years is presently eligible for federal tax credits of up to $7,500.
And at last! Arriving now is the Cybertruck. A little more costly, nevertheless
RWD single motor: $49,900
AWD dual motor cost $59,900.
AWD tri-motor – $79,900
However, the manufacturing of the Cybertruck had already experienced several delays, and on October 20, 2021, Tesla’s website no longer featured information about the Cybertruck’s price or specifications. Tesla started accepting reservations for consumers in North America only in May 2022.
Tesla held a live “Customer Delivery Event” in late November 2023, showcasing several new features and accessories and the Cybertruck’s first-ever deliveries. Before the launch, pricing was one of the topics that reservation holders and EV aficionados discussed the most.
We now know the answer: the Cybertruck debuted with an MSRP that was almost 50% more than previously stated. The breakdown of pricing for the 2024 Tesla Cybertruck is as follows:
RWD for one motor: $50,990
AWD with two motors costs $79,990.
The “Cyberbeast,” a tri-motor AWD, costs $99,990.
The initial two Cybertruck trim levels may be eligible for tax credits from the federal government since they are less expensive than the $80,000 benchmark for trucks and SUVs, given that the vehicle is manufactured in the United States. As of now, neither Tesla nor the IRS have confirmed this. If nothing else, there’s no reason to think that the RWD choice will be eligible for credits based on Tesla’s other products.
Driving in the future will look extremely different and arrive sooner than you think. According to RethinkX, an independent think tank, by 2030, self-driving electric vehicles operated by rideshare businesses will cover 95% of kilometres driven in the United States. “I think a child born today is unlikely to learn to drive,” says futurist Juan Enriquez, co-author of Evolving Ourselves: How Unnatural Selection and Nonrandom Mutation Are Changing Life on Earth. Tesla will thrive in this regard.