How Much Does a Tesla Model X Cost?
Overview of Tesla Model X Pricing
The Tesla Model X is a luxury electric SUV that has gained popularity for its impressive performance, advanced technology, and sleek design. The base price of a Model X varies depending on the trim and features selected. As of 2023, the starting price for a new Model X ranges from $89,990 to $119,990.
The Long Range Plus is the base trim, starting at $89,990, and comes with a range of up to 360 miles on a single charge. The Performance trim, starting at $109,990, boasts a 0-60 mph time of just 2.5 seconds and a top speed of 163 mph. The Plaid trim, starting at $119,990, offers even more impressive performance, with a 0-60 mph time of just 1.98 seconds and a top speed of 163 mph.
It’s important to note that these prices may vary based on additional features and options selected. The cost of a Model X can also vary depending on location, taxes, and delivery fees. While the price of a Model X may be higher than traditional gasoline-powered SUVs, the cost of ownership over time can be significantly lower due to savings on fuel and maintenance.
Factors Affecting the Cost of a Tesla Model X
Several factors can affect the cost of a Tesla Model X beyond the base price. These factors include:
Additional Features: The cost of a Model X can increase based on the additional features and upgrades selected. These can include an upgraded sound system, premium interior materials, autopilot advanced safety features, and more.
Delivery Fees: Depending on the location of the buyer and the availability of the Model X, delivery fees may apply. These fees can vary based on distance and other factors.
Taxes: Taxes can also affect the cost of a Model X, as they vary depending on the state or country of purchase.
Charging Equipment: While Tesla provides a mobile connector with every Model X, additional charging equipment may be needed for home charging. This can include a wall connector or other charging accessories, which can add to the overall cost.
Insurance: As a luxury electric SUV, insurance for a Model X can be more expensive than for a traditional gasoline-powered vehicle. Insurance rates may vary based on location, driving record, and other factors.
It’s important to consider these factors when determining the overall cost of a Tesla Model X. By understanding the full cost of ownership, buyers can make informed decisions about their purchase and budget accordingly.
Available Trims and Features
The Tesla Model X offers three different trims, each with a unique set of features and performance capabilities:
Long Range Plus: This is the base trim for the Model X, with a starting price of $89,990. It comes with a range of up to 360 miles on a single charge and a top speed of 155 mph. It also includes Tesla’s autopilot advanced safety features, a 17-inch touchscreen display, and premium audio.
Performance: The Performance trim starts at $109,990 and offers even more impressive performance capabilities. It can reach 0-60 mph in just 2.5 seconds and has a top speed of 163 mph. It also includes a performance-tuned suspension, upgraded brakes, and a spoiler for improved aerodynamics.
Plaid: The Plaid trim is the top-of-the-line Model X, starting at $119,990. It has a range of up to 340 miles on a single charge and can reach 0-60 mph in just 1.98 seconds, making it one of the fastest production SUVs in the world. It also includes upgraded carbon fiber interior accents, a 22-speaker audio system, and ventilated front seats.
Additional features that can be added to the Model X include a tow hitch for towing up to 5,000 pounds, a seven-seat interior configuration, and a Full Self-Driving package that offers advanced autonomous driving capabilities.
Overall, the Tesla Model X offers a wide range of features and capabilities, allowing buyers to customize their vehicle to fit their specific needs and preferences.
Financing Options for a Tesla Model X
There are several financing options available for those looking to purchase a Tesla Model X:
Tesla Financing: Tesla offers financing options for qualified buyers, with rates starting at 2.49%. Buyers can apply for financing through Tesla’s website or at a Tesla showroom.
Bank or Credit Union Financing: Buyers can also secure financing through their own bank or credit union. Rates and terms may vary depending on the lender and the buyer’s credit history.
Leasing: Leasing is also an option for those who prefer lower monthly payments and the ability to upgrade to a new vehicle every few years. Tesla offers leasing options for the Model X with a range of up to 10,000 miles per year.
It’s important to consider the total cost of ownership when deciding on a financing option. While leasing may offer lower monthly payments, it may not be the most cost-effective option over the long term. Financing or paying cash upfront may offer greater savings in the long run.
Additionally, buyers may be eligible for federal or state tax credits and incentives for purchasing an electric vehicle like the Model X. These incentives can help offset the cost of the vehicle and make it more affordable.
Cost Comparison with Other Luxury SUVs
While the Tesla Model X may have a higher base price than some traditional luxury SUVs, its total cost of ownership can be significantly lower due to savings on fuel and maintenance costs. Here is a cost comparison between the Model X and some popular luxury SUVs:
Audi e-tron: The Audi e-tron starts at a similar price point to the Model X, with a base price of $65,900. However, its range is only up to 222 miles on a single charge, compared to the Model X’s range of up to 360 miles. The e-tron also requires more frequent maintenance and may have higher repair costs.
BMW X5: The BMW X5 has a lower starting price of $60,700, but its fuel costs can add up over time. The X5 also has a lower resale value than the Model X, which can affect the overall cost of ownership.
Mercedes-Benz EQC: The Mercedes-Benz EQC has a starting price of $68,895 and a range of up to 220 miles on a single charge. It also requires more frequent maintenance and may have higher repair costs than the Model X.
Overall, the Tesla Model X may have a higher upfront cost but can offer significant savings over time due to its lower fuel and maintenance costs. It’s important to consider the total cost of ownership when comparing the Model X to other luxury SUVs.
