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Although its lead has started to dwindle a bit going into 2023, Tesla continues to be the true #1 in EVs around the globe by market cap. While other automakers are driving their new electrified models through a door in the automotive industry that Tesla originally kicked in, the American automaker continues to offer four super popular EV models. That being said, prices have risen in recent years and continue to fluctuate… often. Here’s where Tesla prices currently sit in 2023.

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How much is a Tesla in 2023?

Tesla currently offers EV models of varying trim levels and prices to choose from in 2023. Below, we have compiled all the current pricing for each available Tesla model ranging from its lowest, bare-bones starting price to its maximum MSRP. Let’s begin with Tesla’s most affordable EV, the Model 3.

2023 Tesla prices
A Tesla Model 3 / Source: Tesla

2023 Model 3 prices: The “cheapest” Tesla

When we say that the Model 3 is the most affordable Tesla, that doesn’t necessarily mean it doesn’t cost a lot, especially in 2023. You may recall that when Tesla first introduced this EV in 2016, it was aiming to deliver at at a price below $35,000 and did – for a very short period of time.

First and foremost, it’s important to preface these prices by stating that they are accurate at the time of this post, but Tesla likes to keep us all on our toes, so that could certainly change. We will try our best to keep this article updated with the latest pricing for you. Let’s dig in.

Currently, the Rear-Wheel Drive trim of the Tesla Model 3 starts at an MSRP of $43,990 with zero upgrades, not including any taxes, destination, or other fees.

To give you the full price range of the Model 3, we also priced it loaded with every available upgrade including red paint, 19″ Sport Wheels, black and white interior, plus the perpetually forthcoming full-self driving capability for an additional $15,000. All in, the fully-loaded RWD Model 3 costs $63,490.

If you don’t want to spring for full-self driving capabilities, Tesla offers a less robust add-ons called Enhanced Autopilot that delivers features like auto lane change, autopark, and navigation on autopilot. That option is only $6,000 rather than the $15k mentioned above.

The Long Range Model 3 used to start at $55,990 and reach a top end price of $72,490, but that version is currently not available until sometime in 2023, so pricing has been removed for now. We will update accordingly.

Lastly, the Performance version of the Model 3 starts significantly lower in 2023 than it was in 2022, at an MSRP of $53,990. Decked out it can go as high as $71,990 with 20″ Überturbine wheels and other add-ons mentioned above.

Another new sales tactic for Tesla is a separate fee for charging connectors. No matter which model or trim you choose, you now have to pay an additional $200-$400 for your mobile or wall charging connector. Model 3 prices have come a long way since its initial debut as Tesla’s cheapest EV, but you can still save some cash by getting yourself a pre-owned model.

A new Model Y built at Giga Texas

Tesla Model Y prices

With continued delays of the Cybertruck (more on that later), the Tesla Model Y currently sits as the newest Tesla EV, despite beginning deliveries back in early 2020. Three years later, the Tesla Model Y comes in two different options and prices, both of which are higher than its compact Model 3 sibling.

Just like the Model 3 above, we have provided the bare bones MSRP option as well as the completely loaded Model Y with add-ons like red paint, 20″ Induction Wheels, black and white interior, a tow hitch, and full FSD capabilities (again, you also can pay $6,000 for “enhanced autopilot” instead).

To begin, the dual motor Long Range Model Y starts at a base MSRP of $52,990 and can jump to $77,990 fully-decked out. This higher price includes all the available features mentioned above as well as the seven seat interior option for an extra $3,000 (only available on the Long Range trim).

The Model Y Performance trim starts at $56,990, and it, too, increases to $75,990 when souped up (although you can only get the five seat interior).

2023 Tesla prices

Tesla Model S prices

Aside from the original Tesla Roadster, the Model S remains the oldest EV model from the American automaker and the longest running in production. As more affordable Tesla models like the 3 and Y have emerged over the years, higher end EVs like the Model S have seen sales slow down a bit.

In 2023, consumers that can afford the prices of the Tesla Model S trims are certainly still buying, especially given the high-end specs the Plaid trim provides.

Currently, the Dual Motor Model S begins at an MSRP of $94,990, down about $10k compared to most of 2022. Despite not having any add-ons, the $95k version of the Model S can travel 0-60 mph in just over three seconds and offers over 400 miles of EPA estimated range.

With that said, the loaded version of the Dual Motor Model S provides similar performance, but with added features like red paint, cream (or black and white) interior, and FSD capabilities – all for $118,990. This price also includes 21″ Arachnid wheels which also lowers this particular trim’s range down to 375 miles.

Despite the impressive specs on the Dual Motor Model S, they are nothing compared to Plaid and the price tag that follows suit. The tri-motor Model S Plaid starts out at an MSRP of $114,990 with zero upgrades. All-in, however, you’re looking at a purchase price of $138,990, including those same Arachnid wheels that again sacrifice a bit of range (~48 miles).

To kick off 2023, Tesla not only lowered prices of all its models, but also started offering Model S customers the choice of the standard steering wheel again, in addition to the yoke.

Prices for 2023 Tesla Model X

You’d think that with the sportiness of the Model S Plaid, it would be the most expensive Tesla model, and for a portion of time it was. However, 2022 bought about a Plaid version of the Tesla Model X, and its prices remain the automaker’s highest yet.

You get what you pay for, as they say, and the Model X has the most to offer drivers in terms of space and performance, but for a price. Like its veteran sedan counterpart, the Model X currently comes in two available trims.

The Dual Motor Model X starts at an MSRP of $109,990 minimum – again, down compared to 2022 (for now). From there, it vaults up to $141,490 with added bonuses like 22″ Turbine wheels, cream interior, and a $6,500 up-charge for a six seat interior that includes captain’s chairs. If you’d rather have the seven-seat row, it costs $3,000 less.

The Model X refresh brought a Plaid version to the lineup to replace the Performance trim. Plaid starts at $119,990 and maxes out at $144,990, including all the most expensive add-ons. Note that the Model X Plaid currently only comes in the six seat option.

Potential cost of upcoming Tesla models

It’s been three years since Tesla has introduced a new models to its lineup, but it has been teasing the masses with two upcoming passenger EVs for six years now. This includes the Cybertruck and the 2nd Generation Roadster.

How much do they cost? Well, let’s just say their prices have changed over the years and as of 2023, Tesla remains far more tight lipped about it.

Cybertruck

Originally, the Tesla Cybertruck was priced out in three separate trims of varying MSRPs:

  • Single motor RWD – $49,900
  • Dual motor AWD – $59,900
  • Tri motor AWD – $79,900

However, Cybertruck production has been delayed mutliple times, and although we’ve spotted some prototypes out driving around, we no longer have a grasp on what this EV behemoth will cost when it eventually arrives. Since October 2021, the pricing and specs of the Cybertruck are no longer listed on Tesla’s website.

That being said, with Gigafactory Texas ramping up operations, the Cybertruck appears closer than ever to reaching scaled production. In May of 2022, Tesla began once again taking reservations for the Cybertruck for North American customers only. That only costs $100 down too.

That remains the case while we continue to await details of the actual production model, which should eventually be followed by official pricing… someday.

2nd generation Roadster

While Tesla fans have been waiting over four years for the Cybertruck to arrive, they’ve been tortured even longer by the prospect of a 2nd Generation Roadster, which was originally unveiled in 2017.

It was first scheduled to begin production in 2020, but Tesla has continuously punted its start of assembly to focus on its other EVs, particularly the Cybertruck. We know for sure that this hyper EV is delayed until at least 2023 at the earliest.

Tesla originally listed the revamped Roadster at a price of $200,000 with $50,000 required up front to confirm a reservation. Additionally, Tesla originally offered a “Founder’s Series” version of the Roadster which appeared to be a limited production run for $250,000. The Founders Series Roadster required the full amount up front within ten days of the reservation, and has since sold out.

In 2023, Tesla no longer lists any pricing for the 2nd Generation Roadster, nor does it mention the Founder’s Series version at all. All we know is that you still need to pay $50,000 within ten days of reserving one to hold your spot in line.

While you wait for its arrival, you can relive the magic of the Roadster’s first unveiling back in 2017 below.

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Hyundai halts production of another luxury EV

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Hyundai halts production of another luxury EV

Another one bites the dust. Hyundai Motor has halted production of another luxury EV in the US to focus on more popular models like its best-selling Tucson SUV.

Hyundai is shifting its EV production plans in the US

The move is part of a broader shift in Hyundai’s global production network as it gears up for upcoming policy changes, including higher tariff rates and the elimination of tax credits for electric vehicles in the US.

According to a new report from Business Korea, Hyundai has already ceased production of the Genesis Electrified GV70 in the US. Industry sources claim that Hyundai halted production of the luxury EV at its manufacturing plant in Alabama in June.

The Genesis Electrified GV70 marked a milestone as it rolled off the assembly line in February 2023, becoming Hyundai’s first US-made electric vehicle.

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Hyundai invested nearly $300 million to upgrade the facility and boost SUV production, including under the luxury Genesis brand. However, sales have failed to live up to expectations.

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Genesis Electrified GV70 production at Hyundai’s Alabama plant (Source: Hyundai Motor)

In the first seven months of the year, Hyundai built just 1,367 Genesis GV70 EVs in Alabama, 18% fewer compared to the same period last year. Last month, sales sank to a record low with just 15 models delivered.

After halting production in June, Hyundai has been just selling down inventory rather than producing new models.

With the federal EV tax credit set to expire at the end of September, Hyundai is shifting production plans in the US and globally.

Hyundai-luxury-EV-production
2025 Genesis Electrified GV70 (Source: Genesis)

The Korean auto giant is expected to lean into higher-profit SUVs and hybrids, like the Santa Fe and Tucson, to offset the extra costs. With production of the Santa Fe Hybrid surging to 6,888 last month, Hyundai could replace the electric Genesis GV70 with more popular SUVs at the facility.

Will the Genesis Electrified GV70 still be made in the US?

Hyundai is currently reviewing a few different options. For one, it could relocate the GV70 EV to its new manufacturing plant in Georgia, to be built alongside the IONIQ 5 and IONIQ 9.

The Business Korea report claims Hyundai is “seriously considering” building the luxury EV in South Korea and exporting it to the US. Although it would get hit with the added tariffs, analysts believe it could be less expensive than creating a new production line.

Hyundai-IONIQ-5-ev
2025 Hyundai IONIQ 5 at a Tesla Supercharger (Source: Hyundai)

Hyundai will do the same with the new IONIQ 6, which is set to launch later this year. Instead, the company is expanding production of its top-selling Tucson SUV.

In response to Trump’s 25% tariff rate on imports, Hyundai is shifting all Tucson production from Kia’s plant in Mexico to Alabama.

Hyundai-IONIQ-9-EV
2026 Hyundai IONIQ 9 (Source: Hyundai)

The news comes after Hyundai already pulled one luxury EV from its US lineup, the Genesis Electrified G80, earlier this month.

As the EV tax credit deadline approaches, Hyundai is offering some of the biggest discounts in the US. After cutting lease prices again last month, the 2025 IONIQ 5 is now listed starting from just $179 per month. Hyundai’s first three-row electric SUV, the 2026 IONIQ 9, can be leased from $419 per month.

Genesis is also offering generous savings with up to $18,000 off the Electrified GV70 and $13,750 off the GV60 to move inventory.

Ready to try one out for yourself? We’re here to help you get started. You can use our links below to find Hyundai IONIQ 5 and IONIQ 9 models in your area.

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U.S. accuses India of profiteering from Russian oil during Ukraine war

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U.S. accuses India of profiteering from Russian oil during Ukraine war

Treasury Secretary Bessent: India is profiteering from Russian oil

Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from cheap Russian oil imports during the war in Ukraine, describing the practice as “arbitrage” and condemning it as unacceptable.

“They are just profiteering. They are reselling,” Bessent told CNBC’s “Squawk Box” in an interview. “This is what I would call the Indian arbitrage — buying cheap Russian oil, reselling it as product.”

“They’ve made $16 billion in excess profits — some of the richest families in India,” Bessent said.

India buys Russian oil at a discount due to sanctions, refines it into gasoline and diesel, and then sells the product back to regions that have sanctioned Moscow such as Europe, said Matt Smith, an oil market analyst at Kpler.

India’s imports of Russian oil have surged since the Kremlin launched its full scale invasion of Ukraine in February 2022. Prior to the invasion, India imported a miniscule amount of Russian crude.

New Delhi is now Russia’s biggest customer importing 1.5 million bpd in July, according to data from Kpler. China is the second largest buyer of Russian oil, importing about 1 million bpd last month.

President Donald Trump earlier this month ordered an additional 25% tariff on India’s exports to the U.S. to punish New Delhi for buying Russian oil. The tariffs take effect next week.

Trump is threatening what he calls “secondary tariffs” on Russian oil buyers like India to pressure the Kremlin to reach a negotiated settlement with Ukraine. So far, however, the U.S. has spared China from secondary tariffs over its imports of Russian crude.

Watch CNBC's full interview with Treasury Secretary Scott Bessent

When asked about China’s imports, Bessent suggested that Beijing’s imports were less egregious in the eyes of the Trump administration because it was also a major buyer before Russia invaded Ukraine.

But India actually started buying Russian oil in a major way at the behest of the U.S., said Bob McNally, president of Rapidan Energy and a former advisor to President George W. Bush.

The Biden administration had asked India to accept Russian oil as other countries imposed bans in order to prevent a major oil price spike after the invasion Ukraine that would result in high gasoline prices in the U.S., McNally told CNBC.

“India played a key role in the price cap sanction mechanism designed by the U.S. and its European allies to ensure Russian oil still flowed while trying to crimp the revenue Moscow earned,” McNally said.

CNBC has reached out to the Indian embassy in the U.S. for comment.

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This high school’s new solar carport can power 100 homes

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This high school's new solar carport can power 100 homes

Ridgefield, Connecticut, just commissioned a sizable new solar carport at Ridgefield High School, and it’s set to pay big dividends for the town of around 7,000 residents.

The 1,038 kW system will generate around 1.3 million kilowatt-hours of clean electricity every year. That’s enough to power nearly 100 homes annually. Over the next 25 years, the installation is expected to save the school district about $1.5 million in energy costs while significantly cutting its carbon footprint.

The project was built in partnership with Davis Hill Development, the Connecticut Green Bank, and Patriot Renewable Energy Capital, with AEC Solar managing engineering, procurement, and construction. Crews pushed to finish the work on an accelerated summer schedule so it wouldn’t disrupt the school year.

Financing came through a mix of support from the Green Bank, a tax equity investment, and federal Investment Tax Credits made possible by the Biden administration’s Inflation Reduction Act, which shows how supportive federal policy can translate directly into local cost savings.

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What makes the system especially interesting is how it’s wired. The carport ties into four separate town- and school-owned meters, maximizing the use of on-site solar while plugging into programs like Connecticut’s Non-Residential Renewable Energy Solutions (NRES), Zero Emission Renewable Energy Credits (ZRECs), and Class I RECs.

This isn’t Ridgefield’s first solar rodeo. The town began its sustainability push nearly a decade ago, installing rooftop solar across eight other schools and municipal buildings. The high school carport is its latest step forward.

Mariana Cardenas Trief, director of investments at the Connecticut Green Bank, said, “This is the latest of multiple solar projects that we have worked with DHD Renewables and the Town to complete, and we are proud to continue this support as they reduce their energy costs and move Connecticut closer to its clean energy goals.”

Read more: 500+ big-box rooftops are about to be covered in US-made solar


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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