Is a Tesla Model 3 Worth It in 2023?
In this article:
The Tesla Model 3 put a Tesla-badged electric vehicle (EV) in the hands of drivers who couldn’t afford the tenured Model S sedan. However, the Model 3 has been around for the better part of a decade now, and the battery electric vehicle (BEV) market is expanding to meet the Model 3’s dominance. So, with alternatives like the Chevrolet Bolt EV and Hyundai IONIQ 6, is the 2023 Tesla Model 3 still worth its price?
What is the cheapest Tesla you can buy?
The cheapest Tesla EV in the automaker’s lineup is the entry-level Model 3. Barring the introduction of a budget-friendly Model 2 or similar, the dynamic isn’t soon to change.
| Trim | Starting price |
|---|---|
| Model 3 RWD | $40,240 |
| Model 3 Long Range | $47,240 |
| Model 3 Performance | $53,240 |
Moreover, the automaker says the diminutive EV qualifies for a federal tax credit of up to $7,500. However, the Model 3 doesn’t undercut its rivals by much. For instance, the 2023 Kia EV6 starts at around $42,600. Moreover, the entry-level 2023 Hyundai IONIQ 6 SE Standard Range starts at $42,715. Of course, smaller alternatives like the soon-to-be-discontinued Chevrolet Bolt EV start at as little as $27,495.
Which Tesla Model 3 has the longest range?
The Model 3 Long Range takes the title as the nameplate’s most long-legged trim. Both upper-trim Model 3s promise over 300 miles of range on a single charge.
| Trim | Single-charge range |
|---|---|
| Model 3 RWD | 272 miles |
| Model 3 Long Range | 333 miles |
| Model 3 Performance | 315 miles |
Opting for the larger wheels will decrease the single-charge range of the baby Tesla model. For instance, the automaker says the 19” Sport Wheels drops the Long Range trim’s range from 333 to 315 miles. However, even with a commendable single-charge range of 333 miles, the baby Tesla can’t contend with the 2023 Hyundai IONIQ 6 SE RWD Long Range. Specifically, the EPA says an IONIQ 6 SE RWD Long Range will cover as much as 361 miles on a single charge.
Does the Tesla Model 3 have good trunk space?
The Model 3 has 19.8 cubic feet of cargo capacity. Moreover, the generous space is courtesy of a 15 cubic inch trunk and usable front trunk, or “frunk.” That puts the Model 3 ahead of smaller competitors like the Chevrolet Bolt EV, Hyundai IONIQ 6, and Polestar 2, all of which have less than 17 cubic feet of storage.
Is a Tesla Model 3 worth the money?
The 2023 Tesla Model 3 has a competitive starting price, usable cargo space, commendable range, and grippy, dual-motor all-wheel drive (AWD) at the upper trims. Moreover, the entry-level Model 3 RWD will contend with competitors like the Kia EV6 and the pricier Polestar 2.
However, the 2023 Hyundai IONIQ 6 SE RWD Long Range offers mold-breaking styling, a more extended single-charge range, and a lower starting price point than the 2023 Model 3 Long Range.
Keep up with MotorBiscuit for the latest hybrid and EV content!
