2023 Tesla Model 3 Price, Reviews, Pictures & More | Kelley Blue Book

The 2023 Tesla Model 3 starts at $43,990. That’s for the base version with rear-wheel drive and a maximum range of 272 miles. For those seeking maximum thrills in a Model 3 package, the Performance variant starts at just under $54K. It’s another $15K to add the Full Self-Driving Capability package to any version.

• 2023 Tesla Model 3 Rear-Wheel Drive: $43,990
• 2023 Tesla Model 3 Performance: $53,990

These are the manufacturer’s suggested retail prices and do not include the $1,450 destination charge. Here’s a side-by-side comparison of the Rear-Wheel Drive and Performance models.

For some pricing context, the Hyundai Ioniq 5 begins at $41.5K, the Kia EV6 at $48.5K, and the Polestar 2 at $48.4K. But none of these contenders can match the Model 3’s maximum range of 358 miles. If a Model 3 is too small, the next-size-up Tesla Model Y SUV starts at $66K.

Before buying a new Model 3 electric car, check the Kelley Blue Book Fair Purchase Price to know what you should really pay. Resale values are strong.

Does the 2023 Tesla Model 3 qualify for the federal tax credit?

Yes, Tesla Model 3 buyers may be eligible to receive a federal tax credit of up to $7,500. New rules went into effect on January 1, 2023. There are price caps, income requirements, and more changes on the way. See if you qualify.

What’s New for 2023

The Model 3 hasn’t undergone any significant changes over the past year, but Reuters has reported Tesla is working on a significant Model 3 update with an aim to “cut production costs and boost the appeal of the five-year-old electric sedan.” Production could begin later in 2023.

Range, Charging and Performance

The base version of the 2023 Model 3 with rear-wheel drive has a possible range of 272 miles, the Performance variant is capable of 315 miles, and the Long Range version can achieve a maximum of 358 miles.

The Tesla Supercharger network is already well established. One of these chargers can provide 174 miles of range in 15 minutes. A wall connector charger at home provides 44 miles of range per hour.

According to Tesla, the Model 3 Rear-Wheel Drive can sprint from standstill to 60 mph in 5.8 seconds (respectably quick) and reach a top speed of 140 mph. The Long Range’s statistics are 4.2 seconds and 145 mph. The Model 3 Performance lives up to its name with a lightning-fast 3.1-second sprint to 60 mph, plus a top speed of 162 mph.