How much will a Tesla cost in 2023? Tesla car prices explained | EnergySage (2023)

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How much will a Tesla cost in 2023? Tesla car prices explained | EnergySage? ›

2023 Tesla Model 3 Pricing

The Long Range model begins at $47,240. For those seeking maximum thrills in a Model 3 package, the Performance variant starts at just over $53K. It's another $15K to add the Full Self-Driving Capability package to any version.

2023 Tesla Model 3 Pricing

The Long Range model begins at $47,240. For those seeking maximum thrills in a Model 3 package, the Performance variant starts at just over $53K. It's another $15K to add the Full Self-Driving Capability package to any version.

Tesla reports 422,875 deliveries for first quarter of 2023

Tesla posted its first-quarter vehicle production and deliveries report for 2023 on Sunday. Deliveries are the closest approximation of sales disclosed by Tesla and are not broken out by individual model or region.

In such a scenario, you should consider the $133,990 2023 Tesla Model X Plaid. For those who can afford it, this is the most costly Tesla Model X currently on the market, and it is completely worth it. The Tesla Model X plaid is an all-wheel-drive electric SUV with three electric motors providing 1,020 horsepower.

Across all Tesla products, the average charging cost per mile is 4.56 cents per mile. So, if you stick to home charging, you can expect your electricity bill to increase by about $50 each month. How long does it take to charge a Tesla?

On January 1, 2023, the Inflation Reduction Act of 2022 qualified certain electric vehicles (EVs) for a tax credit of up to $7,500. Qualifications include: Customers must buy it for their own use, not for resale.

In most cases, Tesla charging isn't free.

If you do have any free Supercharging miles available, they'll show up in your Tesla account. Destination charging is usually free, though.

Americans planning to shop for a new car in 2023 might find slightly better prices than during the past two years, though auto industry analysts say it is likely better to wait until the fall. Since mid-2021, car buyers have been frustrated by rising prices, skimpy selection and long waits for deliveries.

Based on analyst ratings, Tesla's 12-month average price target is $202.84. Tesla has 20.75% upside potential, based on the analysts' average price target. Yes, go to the Analysts' Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

History suggests that the Nasdaq could head even higher and deliver solid gains by the end of the year. That's why it would be a good time for investors to buy shares of Tesla (TSLA 4.06%), a stock that has logged terrific gains in 2023 already and is looking good for more. Let's look at the reasons why.

Should I wait until 2023 for Tesla? ›

Here's what we recommend. Tesla just did some drastic price cuts. Now is the perfect time to buy your 2023 Tesla Model Y if you are in the market for one. The Tesla Model Y long range is $52,990 as a base price and if you buy it before March 2023, the price becomes $45,490.

Tesla cuts prices on Model Y, Model 3 as price drops continue in 2023.

According to Tesla's 2021 impact report, its batteries are designed to last the life of the vehicle, which the company estimates as roughly 200,000 miles in the U.S. and 150,000 miles in Europe.

Considering most Tesla vehicles have a 50 kWh battery, the cost to charge the vehicle at a charging station ranges from absolutely free to $21.50. However, if you have a 100kWh battery, it may cost up to $43 to charge your vehicle at a charging station.

The Biden administration on Tuesday confirmed that all Tesla Model 3 vehicles now qualify for $7,500 electric vehicle consumer tax credits after two of the three versions were eligible for half the credits.

In order to qualify for a tax credit of up to $7,500, a new EV or eligible plug-in hybrid vehicle (PHEV) must meet certain rules: A vehicle's MSRP must not exceed certain limits, so pricey EVs, such as the GMC Hummer EV, Lucid Air, and Tesla Model S and Model X, won't qualify.

Beginning in 2023, qualifying used EV purchases can fetch taxpayers a credit of up to $4,000, limited to 30% of the car's purchase price. Some other qualifications: Used car must be plug-in electric or fuel cell with at least 7 kilowatt hours of battery capacity.

On a single charge, the smallest Tesla battery capacity (in the Model 3) will last for 262 miles. The highest range Tesla offers is 405 miles for one full charge of their Model S battery. Importantly, these numbers are not always exact, and it is important to always be proactive about charging your Tesla.

How long does it take to fully charge a Tesla at a charging station? ›

Having the app close by, you can easily find the Tesla Supercharger station, where Tesla charging takes no more than 1 hour. Home or public level 2 charger makes your vehicle ready to go throughout the night or 8-12 hours.

You can charge your EV or PHEV whether or not you're shopping at Walmart. Follow these four steps: Plug: Plug in your vehicle. Pay: Use the Electrify America app with a Pass or Pass+ subscription to pay for the charge (more about that below).

There is good news on the horizon in 2023, however. J.P. Morgan estimates that prices for both new and used vehicles are set to decrease as supply chain issues abate and inflation is poised to keep easing. Per the financial firm, new vehicle prices are slated to go down 2.5-5% while used cars may go down by 10-20%.

In terms of the best time of the year, October, November and December are safe bets. Car dealerships have sales quotas, which typically break down into yearly, quarterly and monthly sales goals. All three goals begin to come together late in the year.

Prices could drop up 5% for new vehicles and 10% to 20% for used vehicles in 2023, according to a report in November from J.P. Morgan. The basis for the prediction is that demand has stabilized and vehicle inventory is improving.

On average, it will cost $57,369 to own a Tesla for 5 years. This includes depreciation, insurance, maintenance, financing charges and fuel costs. Depreciation, or the value that the car has lost over time, is generally predictable.

One Month Stock Price Total Return for Tesla is calculated as follows: Last Close Price [ 234.86 ] / Adj Prior Close Price [ 168.54 ] (-) 1 (=) Total Return [ 39.3% ] Prior price dividend adjustment factor is 1.00.

Your Tesla Can Last for Over a Decade

If you're an average driver, you can expect to drive your Tesla for more than a decade before you think about a battery replacement. Beyond that, your Tesla can clock over one million miles if you replace the batteries and motor.

Baron said he believes Tesla can hit $500 to $600 per share by the year 2025 and the company could be worth $4.5 trillion in the next eight to 10 years. “But that's not including robots, that's not including autonomous vehicles, that's not including batteries,” Baron said in November 2022.

Is Tesla reliable long term? ›

In the current long-term reliability study, however, which stretches to three full years of ownership, Tesla cars in aggregate would've occupied 28th out 32 places in total with 242 issues per one hundred vehicles reported in the period.

Pricing at Superchargers varies by location, but the cost is typically about $0.25 per kWh. A full recharge to about 250 miles of range should cost approximately $22.00.

Tesla has raised prices on its Model Y in the U.S., apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits.

You can purchase a Tesla vehicle by securing a loan with a Tesla financier or a third-party lender over the terms of 36 to 72 months. Tesla lending is only available for approved applicants depending on state. You can also purchase a Tesla vehicle by paying upfront in cash.

Tesla doesn't price cars the same way other automakers do.

Dealerships will offer incentives, charge additional fees, cut deals or haggle over options and financing, but the MSRP stays steady.

Steep price – "The initial investment for a Tesla can be steep," he notes. Prices for a base model start at about $40,000 and go up to well over $120,000. Charging can take time – A full charge can take 30-60 minutes at a Tesla Supercharger compared to about 5 minutes for a gas-powered vehicle.

Not only do Teslas hold their value upon purchase, but certain models can even appreciate value over time due to increased demand for used electric vehicles.

Model X offers a spacious cabin with the world's largest panoramic windshield and seating for up to seven.

Elon Musk says his Shanghai factory makes the 'highest quality' Teslas | CNN Business.

The Tesla Model S and Model X are projected to retain their value better than class rivals over a five-year period of ownership. According to the latest report by Kelley Blue Book, which was shared by Teslarati, both the flagship Tesla Model S sedan and Model X SUV earned the awards for Best Resale Value in 2023.

How much does it cost to replace all the batteries in a Tesla? ›

As Rich Rebuilds shared, remanufactured packs cost between $9,000 and $10,000, while new batteries can cost up to $22,500. If you replace your damaged battery pack with a remanufactured one, the average cost would probably be around $13,000 to $17,000, depending on the complexity of the work.

NO, you can't put gas in a Tesla car. Your Tesla doesn't have a gas tank or any kind of engine that runs on gas. Putting gasoline anywhere near the parts that make a Tesla work would be a waste of time. Definitely not the smartest thing to do.

Tesla vehicles can go without a charge for up to 60–70 days. You must restrict your settings to let it sleep. Tesla advises charging it "daily" to 90%, although if the battery is left sitting, it will only lose 1-2% of its charge daily.

To get the most out of it, however, you must keep it clean and maintained just like any other car. One of the most common and simple ways to keep your Tesla looking good is to keep it clean at all times. Can a Tesla go through a car wash? Yes, it can.

Based on the national average cost of electricity, charging your Tesla only costs $13.96. That's about $0.05 per mile across all models. So, a Tesla Model X costs about $18.30 to fully charge, while a Model S is not too far behind at $18.29.

We recommend charging where you park to meet most of your charging needs. A Tesla Wall Connector offers the fastest charging speed for your home or office, adding up to 44 miles of range per hour charged. You can order a Wall Connector online and have it installed by a Tesla Certified electrician.

Current Tesla Model S or Model X owners with active unlimited free Supercharging are eligible for 6 years of unlimited Supercharging. To qualify, owners must trade in or remove unlimited Supercharging from their vehicle and take delivery of a new Model S or Model X by June 30, 2023.

Destination chargers are free to use by all Tesla drivers who are customers of the destinations where points are located. The Fast chargers – typically 22kW – are intended to top up the Teslas over the course of several hours, as opposed to the high power 120kW or 150 kW Superchargers.

When it comes to mainstream cars, 2023 models went on sale as early as March 2022. However, Tesla model years are usually based on the calendar year in which the cars are built. According to a Tesla representative, this is typically at the end of the year.

History suggests that the Nasdaq could head even higher and deliver solid gains by the end of the year. That's why it would be a good time for investors to buy shares of Tesla (TSLA 4.06%), a stock that has logged terrific gains in 2023 already and is looking good for more. Let's look at the reasons why.

Will Tesla go up in 2023? ›

Based on the end-of-year market price prediction of $380 to $400 and the current market price of $168 as of May 11, 2023, there is a potential increase of 126.2% to 138.1% in Tesla's market value by the end of the year, assuming the prediction comes to fruition.

The Cybertruck will come in three configurations. The base model gets a single-motor electric powertrain, a price of around $40,000 and rear-wheel drive, a dual-motor all-wheel drive version for around $50,000 and a tri-motor truck with a price tag of around $70,000.

Your Tesla Can Last for Over a Decade

If you're an average driver, you can expect to drive your Tesla for more than a decade before you think about a battery replacement. Beyond that, your Tesla can clock over one million miles if you replace the batteries and motor.

Tesla car batteries can last for 300,000 to 500,000 miles, or 1,500 battery cycles. That's around 22 to 37 years if you're driving 40 miles per day.

Tesla Inc (NASDAQ:TSLA)

The 34 analysts offering 12-month price forecasts for Tesla Inc have a median target of 193.70, with a high estimate of 300.00 and a low estimate of 71.00. The median estimate represents a -20.76% decrease from the last price of 244.46.

Based on short-term price targets offered by 23 analysts, the average price target for Tesla comes to $203.90. The forecasts range from a low of $85.00 to a high of $366.67. The average price target represents an increase of 5.55% from the last closing price of $193.17.

2024 Tesla Model S and Model X prices cut by about 20 per cent in US! The Model X used to start from US$120,990, but now kicks off in the five-figure range.

The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers. Tesla claims it will cut manufacturing costs in its next models by 50%.

Given the updates outlined in this article, ARK's price target for Tesla is $2,000 per share in 2027. Our bear and bull cases suggest that TSLA could be valued between ~$1,400 and $2,500 per share in 2027.