Tesla cost table: Tesla Model 3 price, model x price and model S price for each battery option

Published on 25 Apr, 2018 by Andrew Sendy

4 minutes read

Categories: Electric vehicles, Tesla, Solar panels, Solar power


How much do Tesla cars cost?

Image source: Tesla

By now you've probably heard a thing or two about Tesla. Against all odds, they have managed to launch a desirable, mainstream line of electric vehicles where traditional car manufacturers failed for years. You've also probably heard about the cost-saving benefits of these vehicles, and how they will change your life. So how much does it really cost to own a Tesla in 2018 and will Tesla prices fall in 2019?

How much does a Tesla car cost? (updated November 2018)

Tesla 2018 Models and Specifications

Model

2018 Base Prices Low to High *

EPA-Rated Mileage per Charge

Top Speed (mph)

0-60 mph (in seconds)

Model 3 Standard

$35,000

220

130

5.6

Model 3 Long-Range

$40,000

310

140

5.1

Model S 75D

$74,500

259

140

4.2

Model S 100D

$94,000

335

155

4.1

Model S P100D

$135,000

315

155

2.5

Model X 75D

$79,500

237

130

4.9

Model X 100D

$96,000

295

155

4.7

Model X P100D

$140,000

289

155

2.9

Roadster

$200,000

620

250+

1.9

Roadster Founders Series

$250,000

620

250+

1.9

*Tesla does not list official prices and package options for Model 3 (as of Feb. 2018). Figures are cash prices and do not include any options.

As of this year, Tesla's became a whole lot more affordable for most people. Prior to the release of the Model 3, Tesla's vehicles ranged in price from about $70,000 up to $150,000 or more for the most over-the-top supersport cars.

Today, you can pick up a base level Model 3 for right around $35,000, putting it on par with many new sedans and lower tier sports cars in today's market. The pricing of each model can also be broken down by the battery size you choose, which we will detail further as we get into each individual model's cost.

In addition, we are starting to see more and more used Tesla's becoming available, making it possible to upgrade to a higher tier vehicle at an affordable price, especially since many of these vehicles are coming out of three-year leases with only one previous owner.

What does it cost to charge a Tesla?

If you were an early adopter of the Tesla Model S or Roadster, you received the benefit of free supercharging at all of Tesla's network chargers. However, eligibility for free supercharging is tied to the vehicle itself, not the driver. This means that all pre-2016 model vehicles are eligible for free supercharging, even if you bought the car used after that date.

For everyone else, the cost of charging can vary depending on your local electricity rates and the amount that you drive. For the average driver traveling approximately 12,000 miles per year in a like-type internal combustion car, the cost of gas is estimated between $1000-1200 per year. Meanwhile, the cost of electricity and charging for that same number of miles is estimated around $480 for the year but will vary depending on the utility company you buy your power from and whether you use solar power and energy storage to charge your car or utility power.

Save on charging your Tesla by installing solar panels


How much does it cost to drive each mile with a Tesla car?

Chris Meehan from SolarReviews delved into the cost per mile of driving an electric car in his recent article. He found that although the cost varied depending on the state and the price of power in each state that using the national average residential power price of 12.7 cents per kWh that for a Model 3 with a range of 220 miles from the base option 50 kWh battery pack then you get 4.4 miles per kWh.

This is 2.88 cents per mile to run a Tesla electric car and is comparable with the Nissan Leaf and the Chevy Bolt even though neither of those cars are all-wheel drive.

The average fuel efficiency for an ICE American car in 2018 is 24.7 miles per gallon and given an average price at the pump of $2.55 per gallon then the average fuel cost to drive a mile in an ICE car in the US in 2018 is 10.3 cents per mile meaning it costs 3.5 times more to run a gas-powered car than an electric car.

Most Tesla owners (other than Model 3 owners) can use a Tesla charging station for free as part of their terms of service. Model 3 customers who install a home charger will see only a small bump in their monthly power bill overall. This number can be reduced even further with the help of solar panels. You can estimate the costs and benefits of installing solar panels for your home using a free online solar panel calculator.

How can I save on Tesla Costs?

The best way to save on Tesla costs is to search their used inventory. Their selection is growing as more people trade up into newer models. If you want to save on the cost of charging, solar panels may eliminate almost all of your charging expenses.

What electric incentives and tax credits are available?

Now that Tesla has sold their first 200,000 cars, many of the federal level tax incentives are being phased out. However, most states offer significant tax breaks and incentives for bringing electric vehicles into your state and you can take advantage of solar incentives to offset costs. Tesla keeps a running list of vehicle incentives on their website to assist consumers considering a purchase.

Are Tesla prices likely to fall in 2019?

The short answer is probably not, demand is exceeding supply.

 

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Author: Andrew Sendy

As chairman of Solar Investments Inc and chairman of the largest solar panel installation company in South Australia, Andy is passionate about solar power. With his unique working background he writes on the residential solar industry in America from a unique perspective.