Buying a new car is one of the biggest financial decisions most of us make.
And when it’s an electric vehicle, it can be anything but cheap.
Although there’s a huge range of EVs to choose from now, Tesla still reigns supreme.
The brand has some pretty affordable options too, with the Tesla Model 3 being the cheapest vehicle in the lineup – and the EV maker recently unveiled the all-new Model 3, with upgraded looks and improved range.
Offered in Rear-Wheel Drive (RWD) or Performance priced at $40,240 and $53,240, respectively, the Model 3 has been setting the industry standard since its 2017 inception.
But compared to other Tesla vehicles, the Model 3 offers fewer features.
So, is the cheapest Tesla worth it?
The Tesla Model 3 RWD is currently the EV maker’s least expensive model for sale.
With a starting price of $40,240, the 2023 Tesla RWD packs a punch, especially considering its EPA-estimated range of 272 miles (437 km).
Storing the juice to go the distance is a 50-kilowatt-hour battery with a Lithium Iron Phopshate composition.
Unlike other Tesla models, such as the older Model 3 Standard Range Plus trims, it recommends charging to 100 percent to maintain accurate range estimates.
Battery aside, the Tesla Model 3 RWD can accelerate to 60 (97 km/h) in 5.8 seconds and on to a top speed of 140 mph (225 km/h).
Ok, it might not be as fast as the Tesla Cybertruck, but it’s fast enough.
From its lithium-ion 12V battery to its power trunk and upgraded interior, the Model 3 has become more “premium” over the years.
That being said, some features, including the ultrasonic sensors and passenger lumbar support have been removed.
While unfortunate and inconvenient, these features are easy to overlook in the grand scheme of things.
Moreover, as things currently stand, the Tesla Model 3 qualifies for a federal tax credit of $7,500.
Not everyone qualifies for the credit, but if you do, it can make a significant dent in the EV’s overall price.