Skip to main content

The Manual may earn a commission when you buy through links on our site.

The Tesla Model 3 Will Officially Cost $35,000 Before Incentives

Rumored a year ago, echoed at The Automotive World Congress, and now, finally, from the electric vehicle automaker itself, Tesla has announced that its entry-level Model 3 will retail for $35,000.

On to some math:

A $7,500 federal tax credit will be layered on top of the sticker price (for all buyers who at least meet a $7,500 tax liability) before state subsidies like a $2,500 credit from California, Tennessee, and Massachusetts, or a smile-inducing $6,000 from Colorado are factored in. Some states, like Georgia, refuse to offer any additional incentives, but it won’t surprise anyone that Georgian residents don’t put in many EV orders.

That means Colorado residents who can collect all available credits will be able to own a Model 3 for just $21,500. For those who can only cash in on the federal government’s incentives, the Model 3 will cost $27,500.

Compared to other EVs on the market, the Model 3 will be priced smack-dab in the middle of the range. Here are the following pure-EV prices, after incentives: Volkswagen’s Golf EV: $21,495, Nissan’s Leaf: $21,510, Ford’s Focus Electric: $21,670, Fiat’s 500e: $24,800, Kia’s Soul EV: $26,200, Ford’s Fusion Energi: $29,893, and BMW’s i3: $34,900.

For greater perspective, the average transaction price for a new car in the U.S. is $33,800.

Best of all for Tesla fans is that the Model 3 will boast a range of 200 miles or more on a single charge and Tesla’s Supercharger network is now in full swing, so rapid charging on the go won’t be nearly as much of a chore as it was when the Model S first came out.

Beyond its price, information about the Model 3 is limited, but we do know it will be about 20 percent smaller than the Model S and should be styled similar to its sibling. The new vehicle’s unveiling should take place in a few weeks time.

Editors' Recommendations

Topics
Miles Branman
Miles Branman developed a passion for cars early on thanks to a neighbor’s collection of rare and exotic vehicles. What…
Hyundai and Amazon team up for online car sales (and no, you can’t get your car via Prime)
Hyundai and Amazon just made it super easy to buy a new car
2024 Hyundai Ioniq 6 parked outside.

If you shop on Amazon for guitar strings, luggage, and electronics, how do you feel about buying your next car on the mega e-commerce platform? At the 2023 Los Angeles Auto Show, Amazon and Hyundai Motor Company jointly announced an online sales collaboration beginning in 2024. Other car brands come later, but Hyundai will be the first brand you can buy on Amazon.

The new strategic partnership has three facets: online vehicle sales, cloud services, and integrating Alexa in future Hyundais. Amazon will begin online sales of Hyundai models on Amazon.com. Amazon Web Services (AWS) will be Hyundai's preferred provider of cloud services for the vehicle manufacturer's digital transformation. The two companies will work together to integrate Alexa voice response into Hyundai's driver infotainment and vehicle management system.
Find my car
Amazon's new partnership with Hyundai doesn't cut out auto dealerships. Dealers will be able to list on Amazon vehicles currently available for purchase.

Read more
What’s all the fuss about tires in F1 racing?
The rules for F1 racing tires help keep the competition fair
Three types of Pirelli F1 racing tires on stands.

The difference between competing F1 race car times is often measured in fractions of a second. To keep the competition as fair as possible, the F1 governing organization, the Federation Internationale de l'Automobile (FIA), publishes comprehensive regulations each  Formula 1 racing season.

There is no wiggle room in the FIA regulations for race car parts and structures. F1 drivers' skills and tire management are the two most significant subjective factors in F1 racing. It's absurd to try to micro-regulate humans, especially race car drivers. Therefore, the regulations for F1 racing tires matter greatly.

Read more
Someone made a running Tesla Cybertruck out of wood, and it looks better than the real thing
This Tesla has fewer panel gaps
Wooden replica of the Tesla Cybertruck

The Tesla Cybertruck still hasn’t officially hit the road after years of delays, but a small YouTube channel in Vietnam seems to have produced a more natural version in a little over three months. ND-WoodArt has managed to make a functional, drivable, scaled-down version of the controversial vehicle. It consists of a metal frame, which gives the general shape, and a whole bunch of wooden panels and trim pieces. Even the vehicle’s hub caps are made of wood.

It also contains a series of batteries along with a set of motors that allow it to drive. Admittedly, the lead-acid batteries used haven’t got the range or power delivery of the lithium-ion cells that the Cybertruck will use. Similarly, the motors are a little less beefy. Judging by the video, it is about as quick as the average golf cart.

Read more