You Can Get A New Tesla Model 3 For As Little As $35,090 Without Incentives

Factor in the federal tax credit and state EV incentives and the final cost can go below $23,000, depending on the state.

By: Iulian Dnistran

Dec 7, 2023 at 9:29am ET

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Tesla has cut the price of its inventory once again, and this time around prospective customers can get a brand-new Model 3 for a smidge over $35,000 without factoring in any tax credit or incentive, which is a pretty good deal.

According to Tesla’s website, the cheapest Model 3 Rear-Wheel Drive in the company’s inventory costs $35,090 and is a brand-new vehicle painted in Midnight Silver Metallic Paint. It also comes with 18-inch Aero wheels, an all-black partial premium interior, Autopilot, and a 30-day trial for the automaker’s Premium Connectivity feature.

The second cheapest Model 3 is $35,140 and has 731 miles on the odometer (it was a demo vehicle). In total, at the time of publication, there were 12 sub-$36,000 Model 3s in Tesla’s inventory and 38 vehicles under $37,000.

Tesla Model 3 inventory price cuts (December 7, 2023)

By contrast, a brand-new, built-to-order Model 3 starts at $38,990, so getting one that’s over $3,000 cheaper sounds nice. Besides the price drop for inventory EVs, Tesla is also offering six months of free Supercharging for people who take delivery of a Model 3 or Model Y by the end of the year. Plus, customers who get a Model 3 by December 31 are eligible for the full $7,500 federal tax credit which is due to change next year.

Furthermore, some states offer additional incentives for buying a new EV, which can lower the final cost even further. For instance, Colorado offers an additional $5,000 tax credit, meaning that the cheapest Model 3 in Tesla’s inventory can have a final cost of $22,590 after the owner takes advantage of the tax credits.

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The price cuts are also valid for the other drivetrain versions of the Model 3. An inventory Long Range Dual Motor sedan starts at $42,740 on Tesla’s website, while the Performance trim starts at $45,890 if one chooses to buy a ready-made one. Custom-built, a Model 3 Long Range goes for $45,990 and a Performance starts at $50,990, so there’s a consistent price drop for these more expensive models, too.

The Austin-based EV maker previously slashed the selling price of its inventory models last month, but now it has gone even lower. In November, the cheapest ready-made Model 3 had a $36,260 price tag.