How Much Does A Tesla Cost? Model By Model Price Breakdown (2023)

Just thirteen years after the first Roadster deliveries, Tesla has become perhaps the most salient U.S. automaker. Whether it’s the compact sedan or crossover segment, it’s more than apparent that Tesla is the most popular electric car brand.

Instead of simply building electric cars, Tesla built an icon based upon an ecosystem and a lifestyle. In 2022, its ecosystem is stronger than ever, but its prices have slowly moved more and more upstream. Here are Tesla's entries for the 2022 model year.

2022 Tesla Model 3 Rear-Wheel Drive: $46,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (1)

The Model 3 Rear-Wheel Drive is Tesla’s current least expensive model. Whether it’s the Model 3’s performance, range, or driving dynamics, it has been setting the industry basis for comparison since its 2017 inception. Tesla says the Model 3 can go from zero to sixty in 5.8 seconds, and its range is a solid EPA-rated 272 miles, but its new tag of $44,990 seems a bit surprising knowing that the Standard Plus was $36,990 just a year ago.

  • Range: 272 miles
  • Drivetrain: RWD
  • Acceleration: 0-60 in 5.8 seconds

2022 Tesla Model 3 Long Range: Unavailable Until 2023

How Much Does A Tesla Cost? Model By Model Price Breakdown (2)

The Tesla Model 3 Long Range continues to pack a massive punch in the range and power department, though it is currently unavailable for order until 2023. Before the temporarily departure, the 2022 Tesla Model 3 Long Range AWD cost $57,990 and could provide 353 miles of range. Complementing the range was a rapid zero to sixty time of just 4.2 seconds.

  • Range: 353 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in 4.2 seconds

2022 Tesla Model Y Standard Range: $61,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (3)

In April 2022, Tesla began allowing employees to purchase the Made-in-Texas Standard Range AWD Model Y for $59,990. Soon after, users on Reddit began reporting that Model Y Long Range reservation holders could expedite their deliveries by purchasing Model Y Standard Ranges. Though, Tesla increased the Standard Range's price to $61,990, making it around $4,000 less than the Long Range.

Unlike the Long Range, the acceleration takes a .2 second hit along with a shortened range of 279 miles.

(Video) HOW MUCH I PAID FOR MY 2021 TESLA MODEL 3 (Full Cost Breakdown)

  • Range: 279 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in 5.0 seconds

2022 Tesla Model 3 Performance: $62,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (4)

After a series of price increases, the Tesla Model 3 Performance now costs over $60,000, but still runs less than a Model Y Long Range. However, the Model 3 Performance remains one of the best overall performing EVs for the price. Zero to sixty takes just 3.1 seconds, and it can achieve a top speed of 162 mph. As these performance figures are impressive for any car, the Model 3 Performance is a five-seater sedan with a 315-mile range. However, the BMW i4 M50 should challenge the Model 3 Performance's prominence.

  • Range: 315 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in 3.1 seconds

2022 Tesla Model Y Long Range: $65,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (5)

After fulfilling deliveries in March 2020, the Model Y quickly dominated the electric crossover market. In early 2021, a less expensive Standard Range variant was released, but it only lasted for a few months. Now, the cheapest Model Y costs $65,990, an increase of $26,000 compared to the previous entry-level model. While its price puts the Y in the upper echelon of the electric crossover segment, it can go 330 miles on a single charge and features a dual motor setup. However, to put prices in perspective, a 2023 Cadillac Lyric runs$62,990.

Range: 330 miles
Drivetrain: AWD
Acceleration: 0-60 in 4.8 seconds

2022 Tesla Model Y Performance: $69,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (6)

The Model Y Performance is the sportier version of the Long Range Model Y. It has a zero to sixty time of 3.5 seconds, and it can achieve 303 miles on a charge. For the price, its combination of performance and range are unparalleled in the crossover sector. Though, things might change. Upcoming options like the Kia EV6 GT could pose as a rigid competitor.

  • Range: 303 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in 3.5 seconds

2022 Tesla Model S Long Range: $104,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (7)

Remember when the Model S cost $69,420? Those days are now long gone.Now, the cheapest Model S starts at a whopping $104,990. This now makes the Model S around the same price as the Mercedes EQS, BMW iX M60, and Audi E-Tron GT. All aside, with 405 miles of range and a 3.1 second zero to sixty run, the new Model S is a highly capable luxury sedan.

  • Range: 405 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in 3.1 seconds

2022 Tesla Model X Long Range: $120,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (8)

Like the Model S, the X has an updated design and price. With a starting price of $120,990, other options like the BMW iX and Audi e-tron look more and more compelling. While the X is pricey, it offers incredible tech, performance, and range. Is it worth over $121,000 though? Probably not.

(Video) HOW MUCH WE PAID FOR OUR TESLA MODEL Y (Full Cost Breakdown)

  • Range: 348 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in 3.8 seconds

2022 Tesla Model S Plaid: $135,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (9)

1,020 horsepower, zero to sixty in 1.99 seconds (subtracting the one-foot rollout), and 396 miles of range, the Model S Plaid is one of the most exhilarating EVs on the market. With more than enough range and a hypercar defeating 0-60 time, the Model S Plaid will certainly not disappoint.

  • Range: 396 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in 1.99 seconds

2022 Tesla Model X Plaid: $138,990

How Much Does A Tesla Cost? Model By Model Price Breakdown (10)

Starting at just under $140,000, the Model X Plaid is one of the most performance-capable crossovers ever made. Sharing the same platform as the Model S Plaid, the X ticks the craziness up to another degree. Pairing six seats, ridiculous doors, and avant-garde tech with a 1,020 horsepower platform was probably not an easy task. But, it's here to stay.

  • Range: 333 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in 2.5 seconds

Future:

2023 Tesla Cybertruck: pricing removed

How Much Does A Tesla Cost? Model By Model Price Breakdown (11)

With a similar number of flat edges as a Paper Mate pink eraser, Tesla’s trapezoidal oeuvre is that of any Californian Tesla enthusiast's dream. But, like most dreams and ambitions, the Cybertruck is probably not coming anytime soon. The Cybertruck has recently been delayed to 2023, and if Tesla says something is delayed, expect that date to likely change. Plus, Tesla dropped all info on pricing, so there's really nothing much to say about it.

  • Range: 500+ miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in <2.9 seconds
  • Towing Capacity: 14,000+ pounds

202X Tesla Roadster: pricing removed

How Much Does A Tesla Cost? Model By Model Price Breakdown (12)

Talks of an updated Roadster began circulating as early as 2011. With more delays than a budget airline flight, the refreshed Tesla Roadster should surely come out soon. Well, it’s actually unlikely to come out soon because the Cybertruck, which has been delayed, is prioritized for production. However, the Roadster should be worth the wait because it will provide disturbingly quick performance numbers: 620 miles of range and a 1.9 second 0-60 run in the base model. A more powerful SpaceX Edition is also underway, and since it’s equipped with cold air thrusters, expect a zero to sixty time of around 1.1 seconds.

  • Range: 620 miles
  • Drivetrain: AWD
  • Acceleration: 0-60 in <1.9 seconds

Rumored (all information below is purely speculative):

202X Tesla hatchback: ~$35,000

How Much Does A Tesla Cost? Model By Model Price Breakdown (13)

Last but certainly not least is the heavily-rumored Tesla hatchback. While there’s very little known about it, it’s rumored to take the form of a compact hatchback, likely with four doors. It appears to directly take on the Chevrolet Bolt and a variety of European hatchbacks like the ID.3. Since it’s a Tesla, expect a rear motor setup and enough horsepower to get it to sixty in under six seconds or so.

  • Range: 250+ miles
  • Drivetrain: RWD
  • Acceleration: 0-60 in <6.0 seconds

FAQs

What is the longest range Tesla currently available?

The 2022 Tesla Model S Long Range can go 405 miles on a single charge, making it the longest range option on this list.

(Video) Tesla Model 3: True Cost of Ownership (Final Breakdown)

What is the least expensive Tesla I can buy now?

While the regular Model 3 is currently Tesla’s least expensive option, it is far more expensive than what it previously cost. The Model 3 RWD runs $46,990.

What is the fastest Tesla available now?

With a 1.99 second zero to sixty time (subtracting one-foot rollout) and a 200+ mph top speed, the Model S Plaid is the fastest Tesla currently available.

(Video) Can You Afford a Tesla? | Monthly Cost Breakdown | 2021 Tesla Model 3 & Y

What is the cheapest Tesla crossover?

The least expensive Tesla crossover is the Model Y Long Range. It starts at $65,990 and can go 330 miles on a single charge.

FAQs

Which Tesla model costs the most? ›

At $120,990, the 2022 Tesla Model X standard variant has a higher base price than any other base model Tesla. The Model X has seen a recent design refresh as well as multiple price hikes. The Model X now retails for $120,990, while the Model X Plaid starts at $138,990. Image courtesy of Tesla Inc.

Which model Tesla is the cheapest? ›

The Tesla Model 3 is a mid-size electric sedan that's currently the cheapest of all Tesla models. Even after the 2022 Tesla Model 3 price increase, it's still the most affordable model from the company. The base model now sells at $46,990 with only rear-wheel drive capability.

What pricing does Tesla use? ›

Tesla uses Infineon's IGBT and uses it in large quantities. Tesla uses the unconventional to 247 packages, which is very rare. Among all the electric vehicle manufacturers in the world, only Tesla adopts the IGBT with TO 247 package in the 1980s. The mainstream is the IGBT with module package.

How long do Tesla batteries last? ›

According to Elon Musk on Twitter, Tesla car batteries are supposed to technically last for 300,000 to 500,000 miles, which is 1,500 battery cycles. That's between 22 and 37 years for the average car driver, who, according to the Department of Transportation, drives about 13,500 miles per year.

What does Elon Musk drive? ›

Elon Musk has confessed that his Tesla Model S is the car he drives the most. That shouldn't be a surprise, given that the Model S is the comfiest and most accommodating vehicle in the Tesla fleet.

How much is a Tesla battery replacement? ›

Tesla battery replacement cost varies depending on the labor and parts needed. Typically, the most basic battery replacement in tesla costs between $13,000 and $14,000. For the Model S premium sedan, replacing a Tesla battery costs around $13,000-$20,000.

How long do Tesla cars last? ›

Tesla vehicles are expected to last at least 8 years or 100,000 miles, but there have been examples of Tesla Model S cars that have lasted over 400,000 miles. This requires lots of maintenance and good driving habits.

Why do Teslas cost so much? ›

Supply and Demand

Unlike established car companies, Tesla does not have the manufacturing capacity to meet the current demand. Basic economics dicates that when demand for a product is high, the price rises. The high demand for Teslas is fueled in part by the green energy movement.

What is the order of Tesla models? ›

Tesla began production of its first car model, the Roadster sports car, in 2009. This was followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, and the Model Y crossover in 2020.

Is a Tesla models worth it? ›

Yes, the Tesla Model S is a good car. It's powerful and quick, and the Plaid variant is one of the fastest production cars in the world. Fuel economy estimates are impressive, and few EVs even approach this Tesla's driving range. The Model S is enjoyable to drive, with agile handling and a cushioned ride.

What is Tesla's best car? ›

Teslas are known for being some of the most reliable electric cars around, with more range and battery capacity than other luxury EVs like the Mustang Mach-E.
...
Range.
ModelLowest rangeHighest range
Model 3262 miles353 miles
Model Y303 miles326 miles
Model S396 miles405 miles
Model X340 miles360 miles
1 more row
20 Apr 2022

Why is insurance for Tesla so expensive? ›

Teslas are more expensive to insure than many other cars because of their high repair costs, which increases the cost of collision coverage.

Are Tesla's expensive to maintain? ›

Yes, Tesla vehicles are quite expensive to fix. According to RepairPal, the average yearly Tesla maintenance cost is about $832 per year. The average among all car brands was a much lower $652 per year. Teslas also have the third-worst reliability score among all automakers.

How much is the cheapest new Tesla? ›

How Much Does a Tesla Car Cost? The Tesla lineup for 2022 (Model S, Model 3, Model X, Model Y) ranges in cost from $46,990 – $138,990 before taxes, incentives, and specific options. The least expensive Tesla is the Model 3 Standard Range Plus which has a base price of $46,990 before options, taxes, incentives.

How long can a Tesla sit without charging? ›

Tesla cars can last up to 60-70 days without a charge. Your settings must be limited to allow it to sleep. Tesla recommends charging it 'daily' to 90% but sitting without using the battery will only discharge 1-2% per day. There are a couple of reasons why your Tesla may be sitting idle.

What happens if my Tesla runs out of battery? ›

Reviewed by Shannon Martin, Licensed Insurance Agent. If you're driving an electric car and it runs out of power, the short and simple answer is this: the car will stop—and you'll need to call roadside assistance to get towed to the nearest charging station.

How far can a Tesla go on one charge at 70 mph? ›

Tesla's site estimates the driving range of the Plaid with the standard 19" wheels at 396 miles (up from 390 miles that they previously published). However, they never officially certified the vehicle with the 19" wheels.
...
About our 70-mph range tests:
Make/ModelTesla Model S
Tagsepa range
1 more row
27 Oct 2021

How many cars Bill Gates have? ›

The garage at his mansion can house 23 cars. But still, his collection is relatively modest. He does have a Porsche car collection, including several Porsche 911s.
...
BILL GATES CAR COLLECTION • Porsche 911 • Chevrolet Corvette • Daily Drive: Tesla Model X.
Name:Bill Gates
Wife:Melinda Gates (divorced in 2021)
9 more rows

What kind of car does Bill Gates drive? ›

Bill Gates – Porsche 959

Most notable is his Porsche 959, which he bought brand-new in the '80s.

What car does Warren Buffett drive? ›

After saying goodbye to his Lincoln, Buffett upgraded to yet another American legend: the Cadillac. His choice was the DeVille, a Cadillac classic.

How much does it cost to charge a Tesla at a charging station? ›

Is it free to charge a Tesla at a charging station? No, it isn't free to charge a Tesla at a charging station. Charging your Tesla at a Supercharger comes with a price, typically around 26 cents per kWh. This is often more expensive than using a different means of charging, such as a 120-volt or 240-volt outlet.

How often do you change a Tesla battery? ›

According to Elon Musk, Tesla batteries last between 300,000 to 500,000 miles. The average person drives 273 miles a week, so you can expect your Tesla battery to last anywhere from 21 to 35 years, depending on your driving habits. Point being, Tesla batteries will rarely (if ever) need to be replaced.

Does insurance cover Tesla battery replacement? ›

Also, of course Tesla would not cover battery damage resulting from a crash. Car insurance will have to pay for that. The Model S batteries will continue to be covered by either an eight year, 125,000 warranty or an eight-year unlimited mile warranty depending on the size of the battery pack in the car.

How far can a Tesla go at 80 mph? ›

80mph would most likely give 250 miles with 100% battery if the car was new.

Do Tesla cars need oil? ›

Unlike gasoline cars, Tesla cars require no traditional oil changes, fuel filters, spark plug replacements or emission checks. As electric cars, even brake pad replacements are rare because regenerative braking returns energy to the battery, significantly reducing wear on brakes.

How long does it take to charge a Tesla at a charging station? ›

The Tesla Supercharger is the fastest charging option when you're away from home, allowing you to charge your car up to 200 miles in 15 minutes.

Are electric cars cheaper to insure? ›

Electric cars tend to cost more to insure than a comparable petrol or diesel. That's because they have large batteries that are expensive to replace if the car is damaged.

Why are people selling used Teslas? ›

Due to high demand and low supply, used Teslas and other EVs in the US are selling well, and at impressive prices. According to research released in April of this year by Recurrent Auto, used electric vehicles are selling for record profits, and this is leading to owners flipping their vehicles like houses.

Will Tesla ever be cheaper? ›

However, Musk announced that Tesla wasn't working on the cheaper electric car in 2022 as its focus shifted to the Optimus robot and ramping up Model Y production. The CEO even suggested that cheaper electric vehicles might not be in Tesla's plans anymore due to self-driving having a bigger impact on cost per mile.

Which Tesla has the longest range? ›

The Model S sedan is Tesla's highest performance and longest range model. The top range model is the dual-motor Model S, which earns 405 miles of range when fitted with the standard 19-inch Tempest wheels. The Tesla Model S Plaid can earn up to 396 miles of range. The Model 3 sedan is Tesla's most affordable vehicle.

Which Tesla model is the fastest? ›

The fastest Tesla as of 2021 is the Model S Plaid, which has a 0 to 60 mph time of about 2.0 seconds. That also makes it the fastest production car in the world. The Roadster is also quite fast, with similar acceleration times.

Will Tesla stop making Model S? ›

Tesla stopped producing the Model S and X in late 2020. At the time, Tesla said production was halted to upgrade the Model S and X lines to produce the refreshed version of those vehicles.
...
Automotive Brands.
AcuraAlfa RomeoAston
SubaruTeslaToyota
VolkswagenVolvo
10 more rows
3 Jan 2022

Why Model S is better than Model 3? ›

The most affordable, entry-level Long Range Model S performs better than its little sibling. It delivers 405 miles range with a 0-60 mph time of 3.1 seconds and a top speed of 155 mph. That's 52 miles extra than the Long Range Model 3 and 10 mph quicker.

Are Tesla cars reliable? ›

Green cars are fashionable—but Tesla vehicles are notoriously not reliable. According to J.D. Power, Tesla has an average of 176 mechanical faults per 100 vehicles, as compared to 121 mechanical faults across the industry. In 2021, J.D. Power also ranked Tesla 30th out of 33 brands in a Vehicle Dependability Survey.

Do Teslas handle well? ›

The Model 3 handles better than most other electric cars in its Performance guise. There's not much body lean and the amount of speed you can carry through corners is seriously impressive.

What is Tesla's most popular model? ›

Tesla revealed that Model Y is on track to be the world's highest-selling car by revenue this year, and it will likely be the best-selling vehicle by total volume next year. It's already the world's best-selling electric car.

What is the most sold car in the world 2022? ›

It beats out another utilitarian workhorse, the Mitsubishi Triton (10,495) which in turn just pipped another Toyota, the RAV4 which has recorded 10,489 sales this year.
...
China.
1Nissan Sylphy89,062
2Volkswagen Lavida77,561
3Tesla Model Y65,700
Tesla Index
3Model Y65,700
1 more row
10 Apr 2022

Why is Model Y so popular? ›

The Tesla Model Y is the best vehicle on the market today. Here's the feedback from a tester of the Model Y. Tesla's are by far the most popular electric vehicles in the US - and for good reason. A 2022 Model Y SUV was tested and the tester came away impressed by its quick acceleration, roomy cabin, and tech features.

How often do Teslas need to be serviced? ›

Tesla Recommended Maintenance Schedule
ServiceInterval
Replace Cabin Air FilterEvery 2 years (Model 3, Model Y) Every 3 Years (Model S, Model X)
Rotate Tires, Align WheelsEvery 6,250 miles
Test Brake Fluid, Replace If NeededEvery 2 years
3 more rows
6 May 2022

Can you negotiate Tesla price? ›

Unfortunately, Tesla does not offer price negotiation options when you're purchasing a new vehicle. You'll have to pay the vehicle price set by Tesla if you want to purchase the vehicle new. Of course, you can always opt for a used Tesla instead.

What are the advantages of owning a Tesla? ›

So not only are you saving money on gas, but you're also saving money on expensive oil changes, emission checks, brake pads, and other maintenance services required when owning a traditional gas-powered car. Teslas have so many great features but some of the most important are their security features.

How much do tires cost for a Tesla? ›

Tesla tires are not cheap. A set of four costs as high as $2,280; however, it can cost upwards of $135 to $570 per tire. No doubt, they are a vital part of your Tesla vehicle, and proper maintenance can help extend their life. You can expect your Tesla tires to last for years with proper care.

Do Teslas need Antifreeze? ›

Yes, the coolant system for the battery, inverter and motors is filled with the same coolant used in ICE vehicle radiators. The fluid is much less exposed to temperature extremes and possible contaminants than it is in a fossil fuel burning car, and Tesla does not specify any service interval.

Is it cheaper to have a Tesla or a gas car? ›

In general, the cost of charging a Tesla is 3.6 times cheaper per mile than the cost of fueling a gas-powered car (4.56 cents per mile compared to approximately 16.66 cents per mile for gas vehicles).

How much is a Tesla battery replacement? ›

Tesla battery replacement cost varies depending on the labor and parts needed. Typically, the most basic battery replacement in tesla costs between $13,000 and $14,000. For the Model S premium sedan, replacing a Tesla battery costs around $13,000-$20,000.

How long do Tesla batteries last? ›

According to Elon Musk on Twitter, Tesla car batteries are supposed to technically last for 300,000 to 500,000 miles, which is 1,500 battery cycles. That's between 22 and 37 years for the average car driver, who, according to the Department of Transportation, drives about 13,500 miles per year.

Which Tesla model is cheapest? ›

The 2022 Tesla Model 3 has an official starting price of $46,990 for its base rear-wheel drive (RWD) trim. This makes it the cheapest Tesla car currently offered. The Model 3 is Tesla's cheapest vehicle.

What is the most expensive Tesla Model 2022? ›

The high-performance Plaid model begins at $120,440 and tops out at almost $150,000 when fully equipped. The Model X is expensive, even by luxury SUV standards. That's partly because of its stellar performance, advanced tech features, and outstanding electric range.

Are Tesla's expensive to own? ›

Teslas are expensive vehicles. The most basic model currently available, the Model 3, starts at $46,990, while the Model X's price can run as high as $138,990 — even before extras. In comparison, a new Toyota Camry has a sticker price of about $26,000. Current upgrade options available for the Model 3.

Is a Tesla cheaper in the long run? ›

On the other hand, the Tesla Model S has an electric charge cost of $0.037 per mile (which is roughly the cost you'd pay to charge your Tesla at home), which puts you at $555 to drive the same distance of 15,000 miles. So, yes, the fuel savings with a Tesla is significant.

How much does it cost to own a Tesla Model 3? ›

2020 Model 3 Sedan Performance 4dr Sedan AWD (electric DD)
Year 1Year 2
Financing$2,128$1,691
Depreciation$8,434$5,574
Fuel$585$603
True Cost to Own®$16,886$10,061
5 more rows

How much is a Tesla battery replacement? ›

Tesla battery replacement cost varies depending on the labor and parts needed. Typically, the most basic battery replacement in tesla costs between $13,000 and $14,000. For the Model S premium sedan, replacing a Tesla battery costs around $13,000-$20,000.

How long do Tesla cars last? ›

Tesla vehicles are expected to last at least 8 years or 100,000 miles, but there have been examples of Tesla Model S cars that have lasted over 400,000 miles. This requires lots of maintenance and good driving habits.

Is Tesla Model S worth it? ›

Is the Tesla Model S a Good Car? Yes, the Tesla Model S is a good car. It's powerful and quick, and the Plaid variant is one of the fastest production cars in the world. Fuel economy estimates are impressive, and few EVs even approach this Tesla's driving range.

What is the downside of owning a Tesla? ›

Later down the road, you may also have to replace the battery, which can cost up to $16,000. However, Tesla batteries come with an eight year/150,000-mile warranty. With these high repair costs come potentially high insurance premiums.

Is it more to insure a Tesla? ›

Teslas are more expensive to insure than many other cars because of their high repair costs, which increases the cost of collision coverage. The price of your policy depends on the Tesla model and trim you choose, your location and driving history and the amount of coverage you choose.

Is it cheaper to have a Tesla or a gas car? ›

In general, the cost of charging a Tesla is 3.6 times cheaper per mile than the cost of fueling a gas-powered car (4.56 cents per mile compared to approximately 16.66 cents per mile for gas vehicles).

How long does it take for a Tesla to pay for itself? ›

We hear you! EVs are a great way to ensure fuel savings. While an EV can promise great savings, it is not guaranteed that an EV will ever fully pay for itself. If your vehicle were to eventually cover its own costs, it could take approximately 10 years for your car to finally break even in fuel savings.

Do Teslas need oil changes? ›

Unlike gasoline cars, Tesla cars require no traditional oil changes, fuel filters, spark plug replacements or emission checks. As electric cars, even brake pad replacements are rare because regenerative braking returns energy to the battery, significantly reducing wear on brakes.

How much does it cost to charge a Tesla at a charging station? ›

Is it free to charge a Tesla at a charging station? No, it isn't free to charge a Tesla at a charging station. Charging your Tesla at a Supercharger comes with a price, typically around 26 cents per kWh. This is often more expensive than using a different means of charging, such as a 120-volt or 240-volt outlet.

Is it cheaper to own a Tesla Model 3? ›

Compared to the Audi A4, both the upfront and running costs of the Model 3 are lower. Over five years of ownership you could save more than $15,000. Compared to the Toyota Camry Hybrid, the Model 3 costs $12,792 more upfront, but its running costs are $1200 lower per year.

How much does it cost to own a Tesla for 5 years? ›

On average, it will cost $57,369 to own a Tesla for 5 years. This includes depreciation, insurance, maintenance, financing charges and fuel costs. Depreciation, or the value that the car has lost over time, is generally predictable.

Do Teslas cost more to repair? ›

According to RepairPal, repair costs for Tesla vehicles are 27% higher than those of comparable gas-powered vehicles. This same source suggests that the average repair cost of any given Tesla vehicle is approximately $832 per year, whereas the average vehicle (across all brands) is closer to $652 per year.

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