Tesla Model 3
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
Tesla Model 3
  • Image Credit: Brian Williams
The typical cost of a new Tesla Model 3 will cost closer to $50,000 than the approximate $35,000 base price of the electric vehicle when deliveries start later this year. That's the conclusion of self-described "data geek" Ben Sullins, who's been regularly been publishing posts about Tesla and tracked results from about 8,000 Model 3 reservations. And that price is certainly higher than the $42,000 range Tesla chief Elon Musk forecast when the model first went on sale last spring.

Sullins, citing website Model3Tracker.info, is estimating that the median-priced Model 3 in the US will cost $50,775. It seems that prospective buyers are selecting a battery pack that will increase the sedan's single-charge range to about 300 miles from the base-level 215 miles. Americans are also big on the autonomous-driving features that can be added to the car. Mullins posted his results on his website, the not-so-subtly titled Teslanomics.

As for the price tags, Americans pretty much fall in the middle of the pack when it comes to global customers. Median-priced Model 3s in the UK will run about $49,800, while the Swedes and Norwegians will typically spend between $52,000 and $53,000 for their new electric rigs.

Either way, if Sullins' estimates are correct, new Model 3s will generally cost their new owners substantially more than Chevrolet Bolt EVs, which have been a point of comparison because of the two models' base price and single-charge range. The MSRP on the Bolt, which debuted late last year, is $37,495 before federal and state tax credits kick in. And some of those Bolts have been discounted as some West Coast dealers look to move some of those EVs off their lots.

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