US Tesla Car Historical Prices Analysis


Leonwei, Jan. 29, 2024

About the data

Data last updated on Jan 29th 2024.

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, please reach out to [email protected].

For citation, please use: "Analysis of Tesla Car Prices in the US, skills.ai - AI Analytics Co-Pilot, Jan 2024."

If you're keen to delve deeper into the history of Tesla and explore the dramatic saga of Elon Musk's journey to becoming CEO, consider reading Walter Isaacson's biography of Elon Musk, available on Amazon.


Sample data

date model line name price
Data Type object object object object int64
0 2019-02-28 3 SR (SR+) Model 3 37000
1 2019-03-20 3 SR (SR+) Model 3 37000
2 2019-03-21 3 SR (SR+) Model 3 37500
3 2019-04-10 3 SR (SR+) Model 3 37500
4 2019-04-11 3 SR (SR+) Model 3 39500

Average price of a tesla


Average price of a tesla | skills.ai

The data analysis reveals the following:

  • The Model 3 saw a general decrease in average price over the years, from an initial average of around $66,000 in 2018 to approximately $42,490 in 2024.

  • The Model S and X showed more fluctuation in pricing, with the average price ranging from around $115,750 to $129,990 for the Model S, and $119,750 to $129,990 for the Model X.

  • The Model Y was introduced in 2019 with an average price of $55,500 and saw a gradual increase to around $68,490 in 2022, followed by a decrease to approximately $48,490 in 2024.

  • Across all models, there is a general trend of decreasing prices over time, suggesting that Tesla vehicles have become more affordable.

  • However, the prices differ significantly between the various models, with the Model 3 being the most affordable and the Model X the most expensive on average.

Model S price history


Model S price history | skills.ai
  • The Model S LR (100D) started at a price of $96,500 in October 2018. It experienced a significant price drop in February 2019 to $83,000. From 2020 to 2021, there was a noticeable increase, reaching a peak of $104,990 in June 2022, before decreasing to $88,490 in May 2023.
  • The Model S Plaid (P-LR+L, P100DL) was initially priced at $135,000 in October 2018. The price fluctuated over the years, dropping to $99,990 in July 2019, then rising again to $135,990 in March 2022. By August 2023, the price had dropped to $89,990.
  • Interestingly, both models experienced significant price drops in 2019 and 2023, and increased pricing in 2021 and 2022.
  • It should be noted that the Plaid model consistently stayed at a higher price point than the LR model throughout the observed period.

Model 3 price history


Model 3 price history | skills.ai
  • The analysis reveals that the price of the Model 3 has experienced several changes over the years.
  • For the SR (SR+) line, the price started at $37,000 in February 2019 and increased to $46,990 by March 2022. However, it decreased to $38,990 in October 2023 before stabilizing at $40,240 in May 2023.
  • The LR - AWD line began at $54,000 in May 2018, peaked at $57,990 in June 2022, and dropped to $45,990 in October 2023.
  • The Performance line started at $78,000 in May 2018, reached a high of $63,990 in December 2022, and declined to $50,990 in October 2023.
  • Overall, the price history shows a general upward trend with intermittent price reductions.

Model X price history


Model X price history | skills.ai
  • Model X's Long Range (100D) variant underwent several price changes from 2018 to 2023, starting from $99,500 in October 2018 and ending at $79,990 in October 2023.
  • The Plaid (P-LR+L, P100DL) Model X variant also experienced several price changes, starting from $140,000 and finishing at $94,990 in the same period.
  • Both models underwent the most significant price drop in early 2019, with the LR (100D) dropping to $88,000 and the Plaid (P-LR+L, P100DL) to $119,000.
  • The highest price for the LR (100D) was $120,990 in June 2022, while the Plaid (P-LR+L, P100DL) peaked at $138,990 in June 2022.
  • Overall, the Plaid (P-LR+L, P100DL) Model X variant maintained a higher price point compared to the LR (100D) variant throughout the observed period.

Model Y price history


Model Y price history | skills.ai
  • The data shows a general upward trend in the pricing for both Model Y Performance and Model Y Long Range from March 2019 to June 2022.
  • The Model Y Performance price increased from $60,000 in March 2019 to $69,990 in June 2022.
  • The Model Y Long Range price rose from $51,000 in March 2019 to $65,990 in June 2022.
  • However, from July 2022, there was a significant price drop for both models, with the Model Y Performance decreasing to $56,990 and the Model Y Long Range to $52,990 in January 2023.
  • The prices then started to rise again from February 2023, reaching $58,490 for the Model Y Performance and $54,990 for the Model Y Long Range in April 2023.

Price trends analysis for each Tesla base line model over time.


Price trends analysis for each Tesla base line model over time. | skills.ai
  • The Tesla Model 3 SR (SR+) showed a general increase in price from $37,000 in February 2019 to a peak of $46,990 in March 2022. However, the price decreased to $43,990 in January 2023 and further decreased to $38,990 in October 2023.

  • The Tesla Model S LR (100D) experienced fluctuations in price with the initial price of $96,500 in October 2018, reaching a peak of $104,990 in June 2022. The price then dropped to $94,990 in January 2023 and further dropped to $74,990 in August 2023.

  • The Tesla Model X LR (100D) also demonstrated price fluctuations, starting at $99,500 in October 2018 and peaking at $120,990 in June 2022. The price later decreased to $109,990 in January 2023 and further dropped to $79,990 in August 2023.

  • The Tesla Model Y Long Range showed a pattern of price increase from $51,000 in March 2019 to $65,990 in June 2022, followed by a decrease to $52,990 in January 2023 and then to $48,490 in October 2023.

  • The Tesla Model Y SR (AWD and RWD) had a shorter price history, with the AWD model starting at $49,990 in April 2023 and decreasing to $47,240 in May 2023. The RWD model maintained a stable price of $43,990 from October 2023 to January 2024.

Price trends analysis for each Tesla luxury line model over time.


Price trends analysis for each Tesla luxury line model over time. | skills.ai
  • The Model 3 Performance saw a steady decline from its initial price of $78,000 in May 2018 to $53,240 in October 2023, with several small price increases in between.
  • The Model S Plaid started at $135,000 in October 2018, peaked at $135,990 in March 2022, before decreasing to $89,990 in September 2023.
  • The Model X Plaid had an initial price of $140,000 in October 2018, reached a maximum of $138,990 in March 2022, and then dropped to $94,990 in October 2023.
  • The Model Y Performance began at $60,000 in March 2019, peaked at $69,990 in June 2022, before falling to $52,490 in October 2023.
  • Overall, Tesla's luxury line models experienced price decreases over time, with minor fluctuations.

Tesla Price Changes


Tesla Price Changes | skills.ai

The data analysis reveals significant patterns in Tesla price changes across various models.

  • Model 3 Long Range and Model Y Long Range had the most frequent price changes, occurring 22 times each.
  • Model 3 Performance and Model X followed closely with 20 and 19 price changes respectively.
  • Model 3, Model S, and Model S Plaid experienced similar price fluctuation frequencies with 18 changes each.
  • Model Y Performance and Model X Plaid had slightly less frequent changes, at 17 and 16 times respectively.
  • Model Y had the fewest price changes, with only 5 instances.

These fluctuations in pricing could be associated with factors such as production costs, market demand, and competitive pricing strategies.

Variation of prices within each Tesla model.


Variation of prices within each Tesla model. | skills.ai

The data analysis reveals significant price variations within each Tesla model:

  • Model 3 has the lowest minimum price at $36,990 and a maximum of $78,000. The average price is $50,457.75 with a standard deviation of $8,445.72, indicating moderate price variation.
  • Model S shows the highest price range, from $69,420 to $135,990. Its average price is $101,762.71 with a high standard deviation of $19,342.43, suggesting great price variability.
  • Model X has a price range from $79,990 to $140,000, with an average price of $107,634.53. The standard deviation of $17,025.01 indicates considerable price variation.
  • Model Y prices range from $43,990 to $69,990. It has the least price variation with a mean price of $55,830.34 and standard deviation of $6,249.03.

Conclusion


The key insights from the analysis of Tesla's car prices are:

  • Model 3 witnessed a general decrease in average price from $66,000 in 2018 to around $42,490 in 2024.
  • Model S and X showed a more fluctuating pricing trend, with prices varying between $115,750 - $129,990 and $119,750 - $129,990 respectively.
  • Model Y introduced in 2019 at $55,500, saw a gradual increase to $68,490 in 2022, followed by a decrease to $48,490 in 2024.
  • Overall, prices have been decreasing across all models, indicating Tesla vehicles have become more affordable.
  • Significant price variations exist within each Tesla model. For instance, Model S has the highest price range from $69,420 to $135,990 with high price variability.

Model-wise price history indicates:

  • Model S LR (100D) started at $96,500, dropped to $83,000, peaked to $104,990, and eventually decreased to $88,490.
  • Both Model 3 and Model X showed a general upward trend with intermittent price reductions.
  • Model Y showed a general upward trend until mid-2022, followed by a significant price drop.

Considerable fluctuations in pricing could be associated with factors like production costs, market demand, and competitive pricing strategies.

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