The base Tesla Model 3 costs at least $38,990, which is $34,000 less than the Model S starting price of $72,990. This significant price difference makes it appealing for first-time buyers looking for an electric vehicle.
The Model 3's cheaper price tag is in exchange for slightly less storage space and between 39 and 130 miles less range than the Model S, depending on the variant, providing cost-conscious buyers a moderate performance trade-off.
The Model S, with a top speed of 130 mph, offers more space with a maximum storage capacity of 63 cubic feet when the rear seats are dropped. It’s likely more comfortable for passengers.
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