The cost of a Tesla Model 3 will range greatly depending on one’s choice between a Standard 220-mile version with a starting price of $35,000 and the Long Range 310-mile version starting at $44,000. Taking into account options that include Autopilot, Model 3’s Premium Upgrades package, 19″ Sport wheels, and a paint color besides black, and we’re looking at a price tag just shy of $60,000.
If we’re to factor in a $7,500 federal tax credit that’s expected to begin phasing out once Tesla reaches 200,000 qualified sales in the U.S., the cost of a Model 3 becomes a far more palatable number.
Ben Sullins of Teslanomics has put together a Model 3 cost estimator that attempts to predict the actual vehicle cost based on one’s choice of upgrades and estimated delivery date. Using a forecast model that predicts Tesla Model S and Model X sales over the next 12 months, Sullins was able to compute the availability of the federal electric vehicle tax credit in that delivery window, before applying it onto Model 3’s total cost with options.
It’s worth noting that the cost estimator by Teslanomics does not yet take into account the dual motor all-wheel drive configuration for Model 3 which Tesla aims to produce in mid-2018.
Model 3 Cost Estimator can be found on Teslanomics.com. We’ve embedded a video by Sullins who explains the methodology he used for his computations.