The Model 3 is one of the top electric vehicles built by Tesla, and it's known for its relative affordability. The Model 3 was rated a top car by many drivers in the U.S. and Europe thanks to its stylish design and capabilities despite being a non-luxury vehicle. According to Tesla's 2022 Q4 sales report, the Model 3 sold more units than the X and S, the automaker's most expensive cars. It also earned a 5-star safety rating from the Green NCAP, an initiative created to encourage the production and sale of EVs.
The Model 3 isn't classified as a luxury vehicle on account of its pricing, and in 2023, has received a further price cut. Usually, prospective buyers have three options – Rear-Wheel Drive (RWD) and Dual-Motor All-Wheel Drive (AWD) which comes in Performance and Long-Range variants. However, Tesla's Model 3 configurator page indicates that the Dual-Motor Long-Range edition is currently unavailable. The Performance version starts at $53,990 and brings increased range (315 miles), a top speed of 162 hp, and an acceleration of 0-60 mph in 3.1 seconds. Meanwhile, the RWD variant which starts at $43,490 offers a driving range of 272 miles, 140 hp, and can propel from 0 to 60 mph within 5.8 seconds.
Possible Incentives And Add-Ons, Explained
While zero tail-pipe emissions and low maintenance costs are among the benefits attached to purchasing a Model 3, new buyers can apply for the $7,500 clean vehicle tax credit which has been unavailable for Tesla EVs for a while. However, the revamped tax credit is only available for Model 3 orders worth up to $55,000. According to the Internal Revenue Service’s current list of eligible vehicles, all three Model 3 variants qualify – the RWD, Performance, and Long-Range editions. However, only the RWD and Performance variants are on sale as of now.
Buyers can leverage the configuration page to include optional features to make the EV fit their needs. For instance, the Model 3 comes in two standard colors: Pearl White Multi-Coat and Midnight Silver Metallic. To get any of the other optional hues, buyers will need to pay extra. The Red Multi-Coat costs $2,000, the Solid Black shade comes with a $1,500 charge, while the Deep Blue Metallic hue costs $1,000. It's worth noting that the wheels could determine how many miles drivers get. The Model 3’s 18-inch Aero wheels are standard and offer the 272 miles stated on the product page. However, getting the 19-inch sport wheels costs an additional $1,500 and reduces the range to 267 miles.
An all-black interior is the basic offering, but Tesla offers a black-and-white option for an extra $1,000. Basic Autopilot comes with every Model 3 purchase, but prospective owners can opt for the Enhanced Autopilot and Full Self-Driving systems. However, this will set them back $6,000 or $15,000, depending on the selected package. Tesla states that home charging equipment isn't a standard accessory for the Model 3 and sells the Wall Connector and Mobile Connector for $350 and $230 respectively.
Source: Tesla