What Is the Cheapest Tesla Model in 2022 and How Much Does It Cost?

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What Is the Cheapest Tesla Model in 2022 and How Much Does It Cost?

Purchasing a new automobile is one of the most significant financial choices most of us make. And when it comes to electric vehicles (EVs), they are anything from inexpensive.

Fortunately, Tesla’s creative use of technology has shown that EVs can be both thrilling and economical. Tesla provides appealing electric automobiles at costs that most consumers can afford.

Despite huge price increases in Tesla’s EV lineup in 2022, demand shows no signs of abating. Both the Model 3 and Model Y electric cars were enormously successful, and they continue to be a driving factor behind Tesla’s current popularity.

So, how much does a Tesla cost, and what is the most affordable Tesla model available in 2022?

What Are the Cheapest Tesla Models?

Tesla is notorious for frequent price increases, although virtually all of its models have high resale value. So, if you’re wondering how much the cheapest Tesla is or how much cheaper Tesla models cost, we’ve got you covered.

Based on current costs, these are the most affordable Tesla models on the market.

Tesla Model 3

Tesla-Model-3
Image Credit: Tesla

The Tesla Model 3 is a mid-size electric vehicle that is presently the most affordable Tesla model. Even with the 2022 Tesla Model 3 price hike, it remains the company’s most inexpensive model.

The basic model is now $46,990 and only comes with rear-wheel drive. The price then rises to $69,000 for the all-wheel drive version, which includes better autopilot, customizable interior and exterior, and full self-driving capabilities.

Other trim levels, such as the Model 3 Long Range and Model 3 Performance, are available. The Long Range variant starts at $57,990, while the latter costs $62,990 without any further enhancements.

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The base Tesla Model 3 has a twin motor all-wheel drive system, however unlike previous systems, it employs two separate motors. The motors direct torque to the front and back wheels digitally, providing outstanding handling and considerably superior traction control.

The Tesla Model 3 has a range of 358 miles on a single charge and speeds from 0 to 60 mph in 3.1 seconds. You will, however, have to pay for the charging connection regardless of the trim you choose.

Tesla Model Y

The Tesla Model Y is a substantially bigger electric vehicle that costs more than the Model 3. There are two trim levels to choose from: AWD Long Range and Performance.

The dual-motor Long Range Model Y begins at $65,990, while the Performance trim costs $69,990 with no extras. Add-ons like as Advanced Autopilot, 20″ wheels, red paint, white interior, and a tow hitch will raise the price of both Model Y models by up to $15,000.

The seven-seat cabin is a prominent feature of the high-end vehicles, with buyers able to add a third row for an additional $3,000. You may also add Tesla’s Full Self-Driving capabilities for an extra $12,000; however, this may alter the delivery date of your vehicle.

The Tesla Model Y has an estimated range of 310 miles and a peak speed of 135 miles per hour. The 0 to 60 mph test takes just 4.8 seconds.

Despite Model Y’s amazing features, some reviewers have pointed out a few flaws. For example, the car’s interior material falls short of expectations. Furthermore, the vehicle’s greater center of gravity might result in a harsher ride on uneven roads.

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Tesla Model S

The Tesla Model S is a high-end electric vehicle that outperforms the Model 3 and Model Y in practically every area. However, these enhancements come at a larger cost.

The Model S has a peak power output of 1,020 horsepower and a range of 396 miles on a single charge. It also boasts a strong engine with a top speed of 200 mph and an excellent acceleration time of 1.99 seconds.

The Dual Motor All-Wheel Drive Current begins at $104,990 and may go up to $120,990 with optional features. The Model S Plaid, a Tri-Motor All-Wheel Drive, begins about $140,990 with no options. However, with options like as 21″ wheels, a cream inside, better autopilot, and an exterior paint, the price may easily exceed $156,000.

What Affects the Price of a Tesla?

A wide number of economic variables influence Tesla pricing. The primary elements that might impact the pricing of Tesla EVs are highlighted below.

Component Cost

Tesla’s pricing are heavily influenced by the cost of main components like as batteries, electric motors, and power electronics. While the costs of lithium-ion battery technology, electronics, and motors have plummeted dramatically in recent decades, certain client segments may still find them expensive.

Demand

Tesla’s ability to satisfy expanding EV demand has always been constrained by production restrictions. According to fundamental economic principles, EV costs grow as demand for sustainable transportation rises. However, this is somewhat offset by additional EVs entering the market, so it’s a balancing act.

Government Incentives

Government incentives to encourage electric vehicles and reduce the negative environmental effect of carbon emissions are important variables influencing EV costs. Tesla has historically profited significantly from government stimulus and tax relief measures, but it is extremely doubtful that Tesla would qualify for the new US federal EV tax credit.

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Supply Chain

The supply chain disruptions caused by the epidemic have had a substantial influence on Tesla car costs. For example, the 2020 worldwide semiconductor shortage had a direct impact on Tesla and other manufacturers’ manufacturing costs.

While Tesla attempted to make tiny tweaks to the electrical components of its EVs, it was unable to halt the cars’ growing purchase price.

Are Tesla’s Worth the Price?

Tesla vehicles are not inexpensive, but they provide excellent value for money. They have outstanding safety ratings, emit no carbon dioxide, and provide good driving performance. When compared to typical gas-powered automobiles, all Tesla models offer reduced operating expenses.

You may also charge your car using your home solar panel setup. Using solar energy as a fuel source can help you decrease your environmental impact even more.

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