US Tesla Car Historical Prices Analysis
- The Tesla Model S experienced a general reduction in prices from 2018 to 2023, with temporary increases in 2021. The LR 100D version dropped from $96,500 in 2018 to $88,490 in 2023, while the Plaid version fell from $135,000 to $89,990 over the same period.
- In contrast, Model 3 prices generally increased over time, with the SR model rising from $37,000 in 2019 to $40,240 in 2023. The Performance version experienced the most significant increase, from $78,000 in 2018 to $53,240 in 2023.
- Model X prices fluctuated over the years. The LR (100D) price started at $99,500 in 2018, peaked at $120,990 in 2022, and dropped to $79,990 in 2023. The Plaid model, consistently pricier than the LR (100D), started at $140,000 in 2018, peaked at $138,990 in 2022, and fell to $89,990 in 2023.
- Model Y prices showed an upward trend over time, with significant drops in 2023. New versions, SR - RWD and SR - AWD, appeared in 2023, starting at $43,990 and $46,990 respectively.
- Tesla adjusts prices most frequently for "Long Range" and "Performance" models, notably the Model 3 Long Range and Model Y Long Range.
- Price variation within each model is significant, with the Model S displaying the widest spread.
About the data
Data last updated on Nov 7th 2023.
Over the past few years, Tesla car prices have varied across different models.
This data, sourced from the internet, might have discrepancies. If you wish to report any data concerns or request a copy, please reach out to [email protected].
For citation, please use: "Analysis of Tesla Car Prices in the US, skills.ai - AI Analytics Co-Pilot, November 2023."
1. Model S price history
- The data shows a reduction in the prices of both versions of Model S (LR 100D and Plaid) from 2018 to 2023. However, there were a few periods of price increases.
- For the LR 100D, the price fell from $96,500 in October 2018 to $88,490 in September 2023. Notably, there was a significant price drop from $93,000 to $83,000 between February and March 2019.
- The Plaid version saw a similar trend, with its price falling from $135,000 in October 2018 to $89,990 in September 2023. A significant price drop was also seen from $132,000 to $114,000 between February and March 2019.
- Despite the overall downward trend, the prices for both models increased in the first half of 2021. For the LR 100D, the price jumped from $69,420 to $84,990, while for the Plaid, it increased from $91,990 to $129,990.
- However, after these temporary increases, the prices continued their downward trend.
2. Model 3 price history
- The prices for all models of the Tesla Model 3 have generally increased over the years. The SR (SR+) model started at a price of $37,000 in 2019 and has increased to $40,240 by 2023.
- The LR - AWD model showed a similar trend, with prices starting from $54,000 in 2018 and rising to $47,240 by 2023, albeit with a significant drop in the last year.
- The Model 3 Performance version experienced the most significant price escalation, starting at $78,000 in 2018 and reaching $53,240 by 2023.
- Notably, all models experienced periods of price stability, with no changes observed for months at a time.
- However, there were also instances of sudden price increases or decreases over short periods. For example, the SR (SR+) model's price increased from $37,500 to $39,500 within a month in 2019.
3. Model X price history
- The data shows a fluctuation in the prices of both the Model X LR (100D) and the Model X Plaid over the years.
- For the Model X LR (100D), the price started at $99,500 in 2018 and had its lowest at $79,990 in 2020. It peaked at $120,990 in 2022 before dropping to $79,990 in 2023.
- The Model X Plaid started at $140,000 in 2018, peaked at $138,990 in 2022 and later fell to $89,990 in 2023.
- It's noticeable that the Plaid model consistently has a higher price than the LR (100D) model across all the years.
- Although both models experienced price drops and increases, the Plaid model's price changes are more significant, with a difference of $49,000 from its highest to its lowest price, compared to the LR (100D)'s $41,000 difference.
4. Model Y price history
- The data indicates that the price of Model Y varies between two versions: the Performance (P) and the Long Range (LR - AWD).
- There is a noticeable upward trend in prices for both versions over time. For the Performance version, prices started at around $60,000 in 2019, reaching up to $69,990 in 2022 and then significantly dropping to $52,490 by 2023.
- The Long Range version shows a similar trend, starting at $51,000 in 2019, rising up to $65,990 in 2022, and then decreasing to $48,990 by 2023.
- A new version, SR - RWD and SR - AWD, appears in the dataset in 2023 with a starting price at $43,990 and $46,990 respectively.
- Overall, the prices of Model Y versions seem to fluctuate over the years, indicating possible effects of market conditions, production costs, or pricing strategies.
5. Price trends analysis for each Tesla base line model over time.
- Note: Model Y Long Range used to be the cheapest trim of model Y thus included in this chart.
- The Tesla Model 3 SR (SR+) started at a price of $37,000 in February 2019 and reached a peak price of $46,990 in March 2022, before dropping to $40,240 in May 2023.
- The Model S LR (100D) initially cost $96,500 in October 2018, peaked at $104,990 in June 2022, and fell to $74,990 by August 2023.
- The Model X LR (100D) ranged from an initial price of $99,500 in October 2018 to a high of $120,990 in June 2022, before decreasing to $79,990 in August 2023.
- The Model Y Long Range was priced at $51,000 in March 2019, peaked at $66,990 in December 2022, and fell to $48,490 by October 2023.
- The Model Y SR versions, both AWD and RWD, were introduced in April 2023 at $49,990 and $43,990 respectively, with minor price fluctuations by October 2023.
6. Price trends analysis for each Tesla luxury line model over time.
- The data shows that the price of the
Model 3 Performancehas generally decreased over time, starting from $78,000 in May 2018 to $52,490 in October 2023.
Model S Plaidalso exhibited a similar trend, with prices starting at $135,000 in October 2018 and dropping to $89,990 in September 2023.
Model X Plaidhad the highest initial price among the models at $140,000 in October 2018, decreasing to $94,990 by October 2023.
Model Y Performancestarted at a lower price point of $60,000 in March 2019 and experienced a decrease to $52,490 in October 2023.
- Overall, all four models demonstrated a decreasing price trend over the years, which could be due to factors such as increased production efficiency, market competition or changes in consumer demand.
7. Tesla Cars Frequency of Price Changes
The analysis indicates a varying frequency of price changes among Tesla car models:
- The Model 3 Long Range and Model Y Long Range show the highest frequency, with 22 price changes each.
- Following closely, the Model 3 Performance has undergone 20 price changes.
- The Model X, Model 3, Model S, and Model S Plaid share the same frequency of 18 price changes.
- The Model Y Performance and Model X Plaid have experienced 17 and 16 price changes respectively.
- Lastly, the regular Model Y has the lowest frequency, with only 5 price changes.
These findings suggest that Tesla adjusts prices most frequently for their "Long Range" and "Performance" models.
8. Variation of prices within each Tesla model.
- The Tesla Model 3 shows the least variation in price with a standard deviation of $8,459.12. Its average price is $50,514.38, ranging from $36,990 to $78,000.
- Model S has the highest average price at $102,095.00, with prices fluctuating between $69,420 and $135,990. It also has a high standard deviation of $19,315.46, indicating a wide spread in prices.
- The Model X prices range from $79,990 to $140,000, with an average price of $108,021.92. The standard deviation is $16,922.05, which shows a considerable price variation.
- The Model Y shows a relatively low level of price variation, as indicated by its standard deviation of $6,188.91. Prices range from $43,990 to $69,990, with an average price of $55,918.00.
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