Electric vehicles (EVs) have soared in popularity throughout the past year—and it looks like that isn’t going to slow down anytime soon. At the forefront of this EV surge is Tesla—the most popular and successful electric vehicle manufacturer.
This success has led to a ton of interest in Tesla cars and vehicles, prompting people to ask questions like “How much does a Tesla cost?” or “How much is used Tesla?”
These are great questions, and at Find My Electric we love educating prospective Tesla buyers on the market in order to help them find the best deal possible!
In this blog post, we’re going to cover both new and used Tesla prices for 2023, and also drop some knowledge on finding the best deal on a Tesla! Sound good? Alright, let’s dive in!
***Note: we are actively monitoring Tesla price adjustments/drops/changes in 2023 as the federal EV tax credit is now in effect, and we will update this article accordingly—don’t worry, we got you!
If you want to see the latest comparison tables on Tesla price drops (what prices were, and how much they’ve fallen), check out our blog post on Tesla price drops here.
How Much Does a Tesla Car Cost?
The Tesla lineup for 2023 (Model S, Model 3, Model X, Model Y) ranges in cost from $42,990 – $138,990 before taxes, incentives, and specific options. Also, note that the federal EV tax credit of $7,500 can influence these prices!
The least expensive Tesla is the Model 3 Standard Range Plus which has a base price of $42,990 before options, taxes, incentives. But that price can quickly surge past $50,000 by adding upgraded wheels, Full Self-Driving ($15,000) and other interior/exterior upgrades.
The most expensive Tesla is the Plaid Model X, which has a base price of $109,990 and can be optioned to $134,990!
Of course, that $134,990 price tag includes a $2,500 upgrade for Red Multi-Coat paint, $5,500 for 22” Turbine Wheels, $2,000 for the Black and White interior, and $15,000 for Tesla’s Full Self-Driving software, plus $425 for a Tesla wall connector, and $230 for the mobile connector (neither of these are included anymore).
If you’re thinking that these prices are a bit expensive—well, it’s true that they can be a bit on the upper end (depending upon your budget), but that doesn’t mean you can’t find a good deal on a Tesla or get into one at an affordable price point (you definitely can).
You may have also noticed that we didn’t include the Standard Range RWD Model 3 (AKA the “$35,000 Model 3”) in this general price range—and that’s because Tesla doesn’t sell it anymore (more on this later).
Now that we’ve covered the cost of new Tesla vehicles, let’s look at the prices of used Teslas…
How Much Does a Used Tesla Cost?
In 2023, a used Tesla vehicle ranges in cost from $32,000 – $135,000 depending upon the specific model, condition, and options. However, it’s important to note right off the bat that EV prices have dropped considerably in recent months, and there are a lot of reasons for this.
Obviously, used Tesla vehicles with lower mileage and newer model years will be more expensive than older, higher mileage vehicles—but features and hardware versioning come into play as well.
For example, in fall 2016 Tesla released the hardware for Autopilot 2.0 which is Full Self-Driving capable. Vehicles manufactured after this date tend to have better resale value than those manufactured earlier (although all Teslas, regardless model year hold their resale value quite well).
Generally speaking, a used Model S/X will cost more than a used Model 3/Y, with a used original Roadster price falling closer to the S/X range.
If you’re looking for the cheapest used Tesla, you’ll want to search for a pre-owned Model 3 or an older (2012-2014) Model S as they typically represent the lowest-priced vehicles in the Tesla world.
If you want a Tesla under $30,000, you’re almost exclusively looking at an older Model S with over 100,000 miles at this point, or an older Model 3 (they are now beginning to sell under $30k).
To look at even more specific pricing, let’s jump into the following sections and break down Tesla vehicle prices by model (S, 3, X, Y and more).
How Much Does a Tesla Model S Cost (New & Used)?
For 2023, a new Tesla Model S ranges in cost from $89,990 – $109,990. This spread represents the base price, with the standard Model S coming in at $89,990, and the big daddy Plaid Model S going for $109,990 (base price).
Alternatively, in 2023 used Tesla Model S prices range in cost from $25,000 – $125,000. This spread has an approximate 5-10% variance on either end depending upon some outliers, but generally speaking it’s pretty accurate in our opinion.
At the top of the range, you’ll find relatively newer (2021, 2022, 2023, etc) Model S Performance/Plaid cars with low mileage and Full Self-Driving. At the bottom of the range, you’ll find older, first generation Model S vehicles (2012, 2013, 2014) with 40 and 60 kWh battery packs and higher mileage (often more than 100,000 miles).
How Much Does a Tesla Model 3 Cost (New & Used)?
In 2023, a new Tesla Model 3 ranges in cost from $42,990 – $53,990. The exact price depends on the specific model you purchase as well as the options.
The base price of the cheapest Model 3 (the Standard Range Plus) is $42,990, followed by the Long Range AWD (which is not currently available to order, but you may be able to find one in Tesla’s current inventory for close to $50,000), and the Performance AWD at $53,990.
Additional features like Full Self-Driving will add $15,000 to the price, and so will upgraded paint colors ($1,000 – $2,500 depending upon the color).
In 2023, used Tesla Model 3 vehicles range in cost from $29,000 – $65,000 depending upon the condition, year, features, etc.
At this point, it’s still quite hard to find a used Tesla Model 3 for under $30,000, so don’t hold your breath just yet! But, it’s likely that will change as time goes on and more used Model 3 cars become available with higher mileage from the first few production years (2017 – 2019). Tesla Model 3s are now beginning to be listed (and sell for) under $30k, although this is generally older 2018 Model 3s, or Standard Range/Long Range RWD variants. As Tesla factory bumper-to-bumper warranties expire on the 2017-2019 Model 3s, a lot of them are showing up in the used market, driving prices down considerably. If you’re willing to grab a Model 3 without a full factory warranty (and only rock the battery/powertrain warranty), you can pick up one at a pretty low price as of early 2023.
And, unfortunately, Tesla no longer manufactures the Standard Range Model 3 with a base price of $35,000 (as mentioned earlier on this post), so it’s not likely there will be many of these on the used Tesla market in the future. Of course, they still make a version of the Standard Range Model 3 (simply called Model 3), but it’s just not $35,000 anymore.
If you’re looking to add up the true cost of a Model 3 (currently Tesla’s cheapest vehicle), Ben Sullins (formerly Teslanomics) has a great breakdown here:
How Much Is a Tesla Model X (New & Used)?
For 2023, a new Tesla Model X ranges in cost from $99,990 – $109,990. Options, state/local incentives, and taxes can affect the final price of a Tesla Model X. Currently, the standard Model X comes in at a base price of $89,990 and the Plaid AWD Model X comes at a base price of $109,990.
Alternatively, in 2023 a used Model X ranges in cost from $48,000 – $130,000. This price range for a used Model X has a 5-10% variance in our experience on either end of the range which accounts for outliers.
On the low end of the used Model X range, you’re likely looking at a 2016 60D or 70D with higher miles, and on the high end you’re probably talking about a newer (2020, etc) Performance Model X with Full Self-Driving (FSD). All of the other model years fall somewhere between those two points.
How Much Does a Tesla Model Y Cost (New & Used)?
The 2023 base price of a new Tesla Model Y ranges in cost from $54,990 – $58,990. This price range does not include state or local incentives, tax, and potential options.
In terms of the new vehicles available at specific price points, the Long Range AWD Model Y costs $54,990, and the Model Y Performance AWD costs $58,990. Options such as upgraded paint colors and Autopilot software like Full Self-Driving (FSD) will increase the total cost.
Used Model Y prices in 2023 range from $40,000 – $69,000 depending upon mileage, condition, and other options. Because the Model Y is relatively new, the used market isn’t as saturated as, for example, the Model S, which limits the options that buyers have and keeps prices a bit higher.
How Much Does a Tesla Cybertruck Cost (New/Used)?
In 2021, the new Tesla Cybertruck was projected to range in cost from $39,990 – $69,990. This range excludes state and local incentives, taxes, and upgrades like Full Self-Driving ($10,000). However, in 2023 there’s no price shown for the Cybertruck (Tesla removed this in late 2021).
Because the Cybertruck hasn’t been produced yet, we have no way of knowing what used prices will be, but if we had to make a guess based on other used Tesla prices, we’d estimate the price range of a used Cybertruck ranging in cost from $35,000 – $65,000 depending on options, condition, and other specifics, but the actual number could be a decent amount higher.
How Much Is a Tesla Semi Truck? (New/Pre-Owned)?
In 2023, the Tesla Semi ranges in cost from $150,000 – $200,000 and requires a $5,000 reservation deposit with a $15,000 wire transfer payment due within the first 10 days.
The $150,000 Tesla Semi is said to have 300 miles of range, and the $180,000 Semi is rumored to have 500 miles of range. Finally, the Founder’s Series Tesla Semi is available for $200,000 and requires a $195,000 wire payment due within the first 10 days of reservation.
Used Tesla Semi prices aren’t available yet because the Semi has not yet been produced in any meaningful volume, but we estimate it will range in cost from $135,000 – $190,000 depending upon mileage, condition, options, and other factors.
How Much Does a Tesla Roadster Cost (New & Used)?
In 2023, a new Tesla Roadster ranges in cost from $200,000 – $250,000 and requires a $5,000 deposit.
The $200,000 Roadster requires a $45,000 wire payment due within 10 days, and the $250,000 Founders Series Roadster requires a $245,000 wire payment due within 10 days.
Used Tesla Roadsters range in model year from 2008 – 2012 and generally range in cost from $74,000 – $330,000 depending upon condition, mileage, and other factors (and there are some outliers in the million dollar range as well).
As new Tesla Roadsters are manufactured and enter the marketplace, these prices will change, but for now this is the price range that applies.
Tesla Roadsters in this model year range (2008 – 2012) are quite rare and highly sought after as the production numbers are quite low, so you can expect to pay a premium to own a drivable piece of Tesla history!
Tax Breaks, EV Incentives and Other Factors Affecting Tesla Prices
As of January 2023, the Tesla tax credit is back! Tesla dramatically decreased pricing on January 12, 2023, in order to increase sales volume and meet criteria for the 2023 Federal EV Tax Credit (officially called the Clean Vehicle Credit). However, this credit only applies to a few models. Check out our EV tax credit page for a full breakdown of which ones qualify according to the latest data.
Also, Tesla keeps a great log of these incentives on their page here: https://www.tesla.com/support/incentives
Currently, the best state-level incentives for Battery-Electric Vehicles are given by California (up to $7,500) and Vermont ($5,000), although there are a variety of conditions that must be met in order to qualify for these (check out our California EV tax credit post for more specific info; as of January 12, 2023, some Teslas may qualify for some of California’s rebate programs).
Many other states have incentives in the $1,500 – $2,500 range, so if you’re purchasing new, it’s definitely worth taking a look at various incentives that might be available.
That said, most of these incentives only apply to new vehicles, so if you’re looking for a used Tesla, you’re often out of luck, incentive-wise. However, the savings that you get from buying a used Tesla can often be greater than the price of an incentive, so used is definitely worth considering!
OK, I’m Thinking of Buying Used to Save Some Money—Where’s the Best Place to Find a Used Tesla for Sale?
On Find My Electric, of course! We’ve worked incredibly hard to create the ultimate marketplace for used Tesla vehicles!
You can search/sort by Tesla-specific models, colors (including discontinued colors like Obsidian Black Metallic), Autopilot version, and much, much more!
Check out our used Tesla listings and get started finding the low-cost, used Tesla that you’ve been dreaming of! And if you’re looking to sell your Tesla, we can help with that too!