Tesla has solidified its position as a leading electric vehicle (EV) manufacturer, capturing a significant 49% of the EV market share. For those considering joining the electric revolution, a key question arises: How Much Are Teslas? The answer varies depending on the model and customization, but in 2025, you can expect to spend anywhere from $32,490 to $125,490 for a brand new Tesla. Adding to the appeal, many Tesla models are eligible for a substantial $7,500 federal tax credit, effectively lowering the initial purchase price. As Tesla prices become increasingly competitive, they represent an attractive option for individuals and families looking to switch to electric driving.
This comprehensive guide breaks down the costs associated with owning a Tesla in 2025, covering everything from the base price of each model to potential customizations, charging expenses, and maintenance considerations.
Tesla MSRPs: A 2025 Price Overview
To give you a quick snapshot, here’s a table outlining the Manufacturer’s Suggested Retail Price (MSRP) range for each Tesla model in 2025:
| Model | Base price | Max price |
|---|---|---|
| Model 3 | $42,490 | $62,990 |
| Model Y | $44,990 | $63,490 |
| Model X | $84,990 | $125,490 |
| Model S | $79,990 | $112,990 |
| Cybertruck | $79,990 | $99,990 |
Consider the potential savings of charging your Tesla with solar panels to further reduce running costs.
Deep Dive into Tesla Model Costs
The price of a Tesla is influenced by the specific model you choose and any additional features or upgrades you select. In 2025, the price spectrum for a Tesla ranges from $42,490 to $125,490.
Currently, the most affordable Tesla is the Model 3 Rear-Wheel Drive, with a starting price of $42,490. This is notably less than the average price of a new electric car, which currently sits around $55,000.
On the other end of the spectrum, the Cybertruck Cyberbeast commands the highest starting price at $99,900, representing Tesla’s premium truck offering.
Keep in mind that various options and customizations can impact the final price. For example, opting for Tesla’s signature red paint will increase the cost compared to the standard stealth grey. Let’s delve into the pricing details for each Tesla model.
Don’t forget the Federal EV Tax Credit. The good news is that all variants of the Model Y and Model 3 are eligible for the full $7,500 Federal Clean Vehicle Tax Credit. The Cybertruck also qualifies. However, be aware of price limitations: the Model 3’s price must remain under $55,000, and the Model Y must stay below $80,000 to qualify for the credit.
Tesla Model 3: Price and Options
Image courtesy of Tesla, Inc.
The Tesla Model 3 is known as the most accessible Tesla in terms of price. The base Model 3 Rear-Wheel Drive (RWD) starts at $42,490. Stepping up to the Long Range version will cost you a base price of $47,490, while the Performance model, offering enhanced speed and features, starts at $54,990.
The $7,500 federal tax credit applies to all Model 3 trims, making even the higher-end models more attainable. However, adding premium paint colors or interior upgrades on the Performance variant could push the total price above the tax credit eligibility limit.
| Model and version | Base price | Max price | Federal tax credit value | Mileage range |
|---|---|---|---|---|
| Model 3 Rear-Wheel Drive (RWD) | $42,490 | $54,490 | $7,500 | 363 Miles |
| Model 3 Long Range All-Wheel Drive (AWD) | $47,490 | $59,490 | $7,500 | 346 Miles |
| Model 3 Performance AWD | $54,990 | $64,490 | $7,500 | 298 Miles |
Model 3 Financing and Leasing
Tesla provides both financing and leasing options to facilitate your purchase. Here are estimated monthly payments for both leasing and financing a Tesla Model 3:
| Model 3 Variant | Estimated monthly lease payment* | Estimated monthly financing payment** |
|---|---|---|
| Model 3 Long Range Rear-Wheel Drive | $299 | $589 |
| Model 3 Long Range All-Wheel Drive | $349 | $662 |
| Model 3 Performance All-Wheel Drive | $599 | $773 |
*Assumes $2,999 down, 36 month term, 10,000 miles.
**Assumes $3,999 down, 1.99% APR, 72 months
Model 3 Accessories
Tesla offers a variety of accessories to personalize and enhance your Model 3, ranging from practical items like snow chains to pet liners for your furry companions.
Tesla Model Y: Pricing and Variants
Image courtesy of Tesla, Inc.
The Model Y is Tesla’s most popular model, blending the spaciousness of an SUV with the affordability of the Model 3. It offers up to 337 miles of range on a single charge.
Fully equipped, the Model Y can reach a price of $63,490. It comes in several trims to cater to different needs and budgets:
| Model and version | Base price | Max price | Federal tax credit value | Mileage range |
|---|---|---|---|---|
| Model Y Long Range RWD | $44,990 | $49,990 | $7,500 | 337 Miles |
| Model Y Long Range AWD | $47,990 | $58,990 | $7,500 | 311 Miles |
| Model Y Performance AWD | $51,490 | $63,490 | $7,500 | 277 Miles |
| Model Y Launch Series | $59,990 | $59,990 | $,7500 | 327 Miles |
Model Y Financing and Leasing
Financing can make the Model Y more accessible. Here are estimated lease and financing payments:
| Model Y Variant | Estimated monthly lease payment* | Estimated monthly financing payment** |
|---|---|---|
| Model Y Long Range RWD | $199 | $444 |
| Model Y Long Range AWD | $299 | $493 |
| Model Y Performance AWD | $499 | $551 |
| Model Y Launch Series | $599 | $725 |
*Assumes $2,999 down, 36 month term, 10,000 miles.
**Assumes $3,999 down, 5.84% APR, 72 months
Model Y Accessories
Model Y accessories emphasize versatility, including all-weather floor mats and even a custom air mattress designed for the rear cargo area. Accessory prices typically range from $35 to $500, with higher prices for protective coatings and tire packages.
Tesla Model S: Premium Performance and Price
Image courtesy of Tesla, Inc.
The Model S is Tesla’s luxury sedan, boasting the longest range in the Tesla lineup at 410 miles. The standard dual-motor Model S starts at $79,990, and with all available upgrades, the price can climb to $97,990.
For ultimate performance, the Model S Plaid variant features a tri-motor setup, accelerating from 0 to 60 mph in a mere 1.99 seconds, with a top speed of 200 mph. The Plaid starts at $94,990 and can exceed $112,000 with customizations.
Due to its premium price point, the Model S is not eligible for the federal EV tax credit.
| Model and version | Base price | Max price | Federal tax credit value | Mileage range |
|---|---|---|---|---|
| Model S AWD | $79,990 | $97,990 | $0 | 405 Miles |
| Model S Plaid | $94,990 | $112,990 | $0 | 396 Miles |
Model S Financing and Leasing
Here are estimated financing and leasing costs for the Model S:
| Model S Variant | Estimated monthly lease payment* | Estimated monthly financing payment** |
|---|---|---|
| Model S AWD | $891 | $1,172 |
| Model S Plaid | $1,040 | $1,420 |
*Assumes $7,500 down, 36 month term, 10,000 miles.
**Assumes $3,999 down, 5.84% APR, 72 months
Model S Accessories
Enhance your Model S with accessories like pet liners or the Track Package, which can cost up to $20,000. The Track Package unlocks the Model S’s performance potential with features like carbon ceramic brakes, track-focused wheels and tires, and performance brake fluid.
Tesla Model X: The Falcon-Wing SUV
Image courtesy of Tesla, Inc.
The Model X, Tesla’s larger SUV, is recognized for its distinctive falcon-wing doors. Starting at $84,990, the base Model X is pricier than other entry-level Teslas.
The Model X Plaid, offering enhanced performance, begins at $99,990 and can reach $125,490 with customizations. Like the Model S, the Model X does not qualify for the EV tax credit due to its price.
| Model and version | Base price | Max price | Federal tax credit value | Mileage range |
|---|---|---|---|---|
| Model X AWD | $84,990 | $110,490 | $0 | 329 Miles |
| Model X Plaid | $99,990 | $125,490 | $0 | 314 Miles |
Model X Financing and Leasing
Estimated financing and lease payments for the Model X are as follows:
| Model X Variant | Estimated monthly lease payment* | Estimated monthly financing payment** |
|---|---|---|
| Model X AWD | $1,041 | $1,254 |
| Model X Plaid | $1,191 | $1,502 |
*Assumes $7,500 down, 36 month term, 10,000 miles.
**Assumes $3,999 down, 5.84% APR, 72 months
Model X Accessories
Model X accessories include interior protection options and a winter tire package for enhanced handling in cold weather.
Tesla Cybertruck: Futuristic and Functional
The Tesla Cybertruck, Tesla’s foray into the truck market, boasts a unique, futuristic design. The price range for the Cybertruck spans from $79,990 to $99,990, depending on the chosen configuration.
The base Cybertruck all-wheel-drive model starts at $79,990, while the high-performance Cyberbeast variant, capable of 0-60 mph in just 2.6 seconds, is priced at $99,990.
Currently available for pre-order with deliveries expected in 2025, the Cybertruck is not eligible for the federal EV tax credit due to its price.
| Model | Cost | Mileage Range |
|---|---|---|
| Cybertruck All-Wheel drive | $79,990 | 335 Miles |
| Cyberbeast | $99,990 | 301 Miles |
Cybertruck Financing
| Cybertruck Variant | Estimated monthly lease payment* | Estimated monthly financing payment** |
|---|---|---|
| Cybertruck AWD | $807 | $965 |
| Cyberbeast | $908 | $1,383 |
*Assumes $7,500 down, 36 month term, 10,000 miles.
**Assumes $4,999 down, 2.99% APR, 72 months
Cybertruck Accessories
The Cybertruck accessory range is currently more limited compared to other Tesla models but is expected to expand as production ramps up. Notable accessories include the Cybertent, designed for camping and outdoor adventures.
Maximizing Savings: Tesla Tax Credits and Incentives
Several Tesla models qualify for the $7,500 federal tax credit for electric vehicles, significantly reducing the initial cost. Eligible models include: Model 3 Long Range All-Wheel Drive (AWD), Model 3 Performance AWD, Model Y Long Range RWD, Model Y Long Range AWD, and Model Y Performance AWD.
Here’s a breakdown of Tesla models and their effective price after the tax credit:
| Model | MSRP | Cost after tax credit |
|---|---|---|
| Model 3 Long Range RWD | $42,490 | $34,990 |
| Model 3 Long Range AWD | $47,490 | $39,990 |
| Model 3 Performance AWD | $54,990 | $47,490 |
| Model Y Long Range RWD | $44,990 | $37,490 |
| Model Y Long Range AWD | $47,990 | $40,490 |
| Model Y Performance AWD | $51,490 | $43,990 |
| Model Y Launch Series | $59,990 | $52,490 |
| Cybertruck | $79,990 | $72,490 |
Always verify model year and VIN to confirm tax credit eligibility. Customizations on the Model 3 Performance may disqualify it if the final MSRP exceeds IRS limits. IRS MSRP limits should be consulted for the most up-to-date information.
Tax credits also extend to used Tesla purchases, with slightly different criteria. Additionally, state and local incentives may further reduce the cost through rebates, charging installation credits, toll exemptions, and HOV lane access.
Future Tesla Models: Model 2 and Roadster Pricing
Looking ahead, Tesla has announced upcoming models:
| Model | Base price | Max price | Expected launch |
|---|---|---|---|
| Roadster | $200,000 | $250,000 | Potentially available in 2026 |
| Model 2 | $25,000 | N/A | No longer available |
The Tesla Roadster is poised to be a high-performance halo car, targeting a top speed of 250 mph and a 620-mile range. Reservations are open with an initial $5,000 deposit and a further $45,000 due within ten days of pre-order.
Note that Tesla’s launch dates and prices are subject to change due to production adjustments and market conditions. production delays and price fluctuations are not uncommon for Tesla vehicles.
Unpacking Additional Tesla Ownership Costs
Beyond the vehicle price, factor in these additional costs when budgeting for a Tesla:
- Order fee: A non-refundable $250 order fee is charged upon placing your order.
- Destination and documentation fee: A $1,390 fee covers destination and documentation costs, comparable to industry standards.
- Taxes and fees: Budget $4,500 to $5,000 for taxes and registration fees, potentially higher for premium models.
- Charging equipment: Tesla no longer includes a standard charger. You’ll need to purchase either the $250 Mobile Connector or the faster $450 Wall Connector.
Tesla Financing and Leasing Details
Financing and leasing options can make Tesla ownership more accessible.
Tesla Financing
Tesla offers direct financing and also allows third-party loans. Tesla’s financing rates currently range from 1.99% to 12.65%, influenced by loan term and credit score. Longer loan terms generally result in higher rates. Tesla financing for ride-sharing vehicles is not permitted.
Tesla Leasing
Tesla leases are available in 44 states for qualified applicants. Key lease terms include: leased Teslas purchased after April 2022 cannot be bought at lease end, mileage overage charges of $0.25 per mile, and leased vehicles are not eligible for the federal EV tax credit. Leasing suits those with lower mileage needs or those who prefer not to own the vehicle long-term.
Fuel Savings: The Economic Advantage of Electric
Teslas offer substantial savings on fuel costs, averaging $1,000 to $1,500 annually compared to gasoline cars. While Tesla charging costs vary, the average Tesla driver spends about $626 per year on electricity versus over $1,500 on gasoline.
Actual savings depend on driving habits, location, and electricity rates.
Charging at home is the most cost-effective method. Utilizing solar panels for Tesla charging can eliminate electricity costs, potentially saving over $100 per month compared to gasoline. Public charging stations and Tesla Superchargers offer convenience but at a higher cost than home charging.
Explore solar panel options to charge your Tesla and reduce your energy bills.
Tesla Maintenance and Service Costs
EVs, including Teslas, generally have lower maintenance costs due to fewer moving parts compared to gasoline vehicles, eliminating the need for oil changes and many other routine services.
Tesla suggests servicing only as needed, based on component inspection or replacement schedules, rather than fixed annual service intervals. scheduled for checking or replacement
Tire rotations are a common maintenance item for Teslas, and some drivers report needing early tire replacements due to wear, particularly with aggressive driving styles. Estimated five-year maintenance costs for a Model 3 can be as low as $980 if performed DIY using Tesla’s DIY guides.
Tesla Car Insurance
Tesla Insurance offers rates based on real-time driving behavior, monitored through in-vehicle systems. A Real-Time Safety Score assesses factors like nighttime driving and aggressive maneuvers to determine premiums, which can fluctuate monthly based on driving data. Tesla Insurance is not yet available in California but offers alternative insurance options in that state.
Tesla: Worth the Investment?
Teslas, while not the least expensive vehicles, offer compelling value. They are zero-emission vehicles with strong performance, long ranges, and lower running costs compared to traditional cars.
However, increased EV competition and public perception are leading some buyers to consider Tesla alternatives. With over 100 EV models now available from brands like Kia, BMW, and Rivian, Tesla is no longer the sole EV contender. Exploring different EV options is recommended to find the best fit for individual needs.
Tesla’s integrated energy ecosystem, including Tesla solar panels, Solar Roof, and Powerwall battery, remains a unique advantage for those invested in sustainable energy solutions. However, any EV can be paired with home solar to reduce running costs and environmental impact. right amount of solar panels
Explore solar options to power your EV and home for greater energy independence and savings.
Tesla Cost FAQs
Written by Ana Almerini Marketing & Communications Manager
Ana is the Marketing & Communications Manager at SolarReviews, working within the solar industry since 2020. With a Master’s in Climate and Society and professional experience in marketing, she helps communicate the value of solar to homeowners and build awareness of the SolarReviews brand. On weekends you can find her at the Jersey shore, reading a book from the ever-increasing stack on her side table, or eating food someone else cooked….
