Friday, April 3, 2020
News The Most Affordable Tesla Model 3 Costs $53,700 Online

The Most Affordable Tesla Model 3 Costs $53,700 Online

How much does a Tesla Model 3 actually cost? It might be more than you think.

Tesla has developed a very smart, very confusing pricing strategy, especially for its Tesla Model 3. The car has been flaunted as an affordable electric car with a sub-$40k starting price for years, but a few months after bringing its base Standard Range model to market, the car is now gone from Tesla’s website.

The most affordable Tesla Model 3 you can get online in Canada is the Standard Range Plus which has a displayed price of $39,000. In the US, the car is displayed at $31,450.

But there’s a catch. These prices are what Tesla estimates the car will really cost after incentives and gas savings. We understand why they are doing it that way, but it makes it hard to compare with other electric vehicles, and makes it hard for buyers to calculate whether or not their budget makes a Tesla Model 3 possible.

The Tesla Model 3 actually starts at $53,700 in Canada and $39,500 in the United States for the Standard Range Plus. That gets you 386 kilometers of range or 240 miles.

The Standard Range car which was Tesla’s base model and that started at $47,600 in Canada and $35,000 in the US is no longer available for sale online. Tesla says you can special order it by phone or by visiting a dealer…

So how much does a Tesla Model 3 really cost? Over $50,000 in Canada and just under $40,000 in the United States. That makes it more expensive than a Chevrolet Bolt, Hyundai Kona EV and Nissan LEAF.

Is it worth it? Sure it is. It’s a great car. It’s just not an affordable one like Tesla wanted us to think.

2019 Tesla Model 3
2019 Tesla Model 3 Performance Interior | Photo: Tesla

2019 Tesla Model 3
2019 Tesla Model 3 Performance Dual Motor Badge | Photo: Tesla

2019 Tesla Model 3
2019 Tesla Model 3 Performance | Photo: Tesla

2019 Tesla Model 3
2019 Tesla Model 3 Performance | Photo: Tesla

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Charles Jolicoeur
Charles Jolicoeur
Charles Jolicoeur was studying to be a CPA when he decided to drop everything and launch a car website in 2012. Don't ask. The journey has been an interesting one, but today he has co-founded and manages 8 websites including EcoloAuto.com and MotorIllustrated.com as General Manager of NetMedia360. He also sits on the board of the Automotive Journalists Association of Canada. Send me an email

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