Is the Tesla Model 3 the cheapest electric vehicle in the American market? No—that title goes to the Nissan Leaf. However, many consider the Tesla Model 3 as their first EV because of its long-term efficiency and performance. This article will reveal several facts contributing to the Model 3’s reputation as an iconic electric car and also touch upon some not-so-favorable ones.

R&D and Production Timeline

Research and development for the Tesla Model 3 began in 2006 to create an affordable, high-performance electric vehicle. The Model 3 entered production in 2017, marking a significant milestone in Tesla’s mission to accelerate the transition to sustainable energy. It’s a mid-sized sedan with a 5-seating capacity, and it received 325,000 reservations after the production announcement.

Early Names

During the early development phase, this car was initially named BlueStar. The final name was revealed by Elon Musk on his Twitter account as Model ☰ to represent the third model in Tesla’s lineup. Model III later replaced it, but after a legal battle with Adidas over the striped logo, Tesla renamed the vehicle to Model 3.

Design Features

Designers ensured that Model 3 would be a compact and affordable choice, so it was smaller than Model S. Since this is an electric vehicle, it doesn’t need as much cooling as a normal one, so this car doesn’t have a front grille. This design choice contributes to its sleek, aerodynamic appearance and efficiency. All trims come with a glass roof.

Model 3 Costs

The Tesla Model 3’s rear-wheel-drive model costs $33,990, making it the most affordable trim. In contrast, the performance all-wheel-drive AWD version costs $42,490. Custom configurations can increase the overall cost. The RWD model is equipped with a 57.5 kWh battery, offering a balance between price and performance. On the other hand, the AWD version provides enhanced power and range, making it suitable for those seeking higher performance and longer trips.

Battery Manufacturers

Century, Panasonic, and Varta manufacture batteries for the Tesla Model 3, with the standard model featuring a 57.5 kWh Prismatic LFP battery. This battery is known for its long cycle life, safety, and cost-effectiveness. The prismatic design allows for a more compact and efficient battery pack, contributing to the overall efficiency and performance of the vehicle.

Battery Charging Time

The Tesla Model 3 has varying charging times depending on the charging method. With a Level 1 AC or 120V outlet at home, it takes 20-40 hours to fully charge. The time drops to 8 – 12 hours when you use a Level 2 AC, such as third-party chargers, Tesla chargers, or Tesla home chargers. However, if you’re using a Level 3 DCFC or the Tesla Supercharger, you can charge the battery from 10% to 80% in 15-25 minutes.

Range on a Single Charge

According to the EPA estimate, the Model 3 can travel for 341 miles on a single charge. This range makes it a practical choice for daily commuting and long-distance travel, reducing the need for frequent charging stops and providing greater flexibility.

Cost to Charge

Charging costs for the Tesla Model 3 vary depending on the car’s model and local electricity rates. The Model 3 RWD requires 70 kWh of energy, which costs approximately $10.95. The Long Range version requires  86 kWh of energy, which costs $13.45. Typically, the Performance model costs more, about $14.70, requiring 94 kWh of energy.

Tesla Supercharging Network

Tesla’s Supercharging network boasts more than 50,000 stations worldwide, providing convenient, high-speed charging for Tesla owners. These stations are strategically located to facilitate long-distance travel, ensuring drivers can quickly recharge and get back on the road.

Charger Costs

As a Tesla owner, you have several charging options if you won’t charge your car at a Tesla charging station or any other EV charging station. You can buy a wall connector for $450. A universal one, however, costs more at $580. In an emergency, you can use a mobile connector that costs $250, which provides 2 or 3 hours of range after 1 hour of charging.

Battery Degradation

After approximately 200,000 miles, the Tesla Model 3’s battery is expected to lose about 15% of its capacity. This gradual degradation is typical for lithium-ion batteries and impacts the vehicle’s range and performance over time.

Impact of Extreme Cold

Extreme cold temperatures can negatively affect the Tesla Model 3’s battery performance, as more energy is required to maintain optimal operating conditions. This can lead to reduced range and increased charging times during colder months.

Updates in 2020 and 2023

Model 3 received significant updates in 2020 and another round of changes in 2023. These updates included improvements in range, performance, interior design, and technological features to keep the model competitive and up-to-date.

Safety Concerns

Some safety concerns have been raised about the Tesla Model 3, including longer stopping distances compared to competitors and difficulties using the touch-screen controls while driving. These issues have been points of criticism and focus for improvements.

Recalls

Despite being one of the most popular EVs, the Model 3 has faced several recalls. In 2021, there were multiple recalls for rear view camera damage complaints. Another recall occurred in February 2023, addressing problems with the Autosteer option, as the company wanted to ensure drivers were paying more attention.