As of June 2, 2023, thanks to some likely changes to the Model 3's previously
China-supplied batteries, the compact sedan now qualifies for the full $7,500 tax credit on all trims.
The all-wheel-drive-only Tesla Model S is significantly more expensive than the Model 3.
The Long Range variant, which travels an estimated 405 miles on a full charge, has already seen a decent price reduction from its most recent MSRP of $106,190, to $96,380.
It reduced even further to a new starting MSRP of $91,380 including destination (which is not quite low enough of a total to qualify for the Inflation
Reduction Act's policy of tax credits). It now starts at $89,88 as of May 2023, including destination.
After the tri-motor Plaid variant saw its price hiked, first from $119,690 to $131,190 after the news dropped that
Tesla won't make the 520-mile, higher-performance Plaid+ model, which CEO Elon Musk claimed is no longer necessary,