The Model 3 is Tesla’s least expensive car. In 2020, the Model 3 starts at the accessible price of $40,000 for the Standard Range Plus version, which grants 250 miles of range on a single charge. The 322-mile Long Range Model 3 begins at $49,000, while the Performance version, which zips to 60 miles per hour in 3.2 seconds, starts just below $57,000.
An all-electric car with all of the Tesla Model 3’s capabilities was not previously available in the $40,000 price range. The roomy four-door, five-seat sedan is roughly the size of a BMW 3-Series or Mercedes-Benz C-Class. The rapid acceleration and smooth ride provided by the Model 3 matches the performance of those German luxury models. At the same time, the Model 3 provides a more spacious interior.