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2024 Tesla Model 3

2024 Tesla Model 3

Sedan
AWD
Electricity
Horsepower
MPG Combined
130 mpg
MSRP
Torque
Reliability Score
55/ 100Fair
Based on 286 NHTSA complaints

Should You Buy a 2024 Tesla Model 3?

The 2024 Tesla Model 3 is a compelling all-wheel-drive electric sedan that combines performance with practicality. With 510 horsepower, it offers an exhilarating driving experience, making it suitable for both daily commuting and spirited drives. The MSRP of $54,990 positions it as a premium option in the electric vehicle market, appealing to those looking for a sustainable yet powerful vehicle. However, potential buyers should be aware of the vehicle's reliability score of 54.6 out of 100, which may raise concerns regarding long-term ownership satisfaction.

Despite its strengths, the Model 3 has received 286 complaints to the NHTSA, with notable issues reported in steering and electrical systems. While the absence of fire incidents is reassuring, the 33 crash incidents and 37 reported injuries highlight the importance of thorough research and consideration of safety features before purchase. Overall, the Model 3 stands out for its innovative technology and performance but warrants careful evaluation against its reliability concerns.

Ideal For

The 2024 Tesla Model 3 is best suited for tech-savvy individuals or families seeking a high-performance electric vehicle that combines sustainability with everyday usability.

Strengths

  • +Impressive 510 horsepower for exhilarating performance.
  • +All-wheel drive for enhanced traction and stability.
  • +Innovative electric vehicle technology with cutting-edge features.
  • +Sustainable fuel source with zero tailpipe emissions.
  • +Spacious interior with seating for five, suitable for families.

Weaknesses

  • -Reliability score of 54.6/100 raises concerns about long-term durability.
  • -Reported issues with steering and electrical systems.
  • -Limited information on torque and MPG combined may deter some buyers.
  • -High MSRP compared to traditional sedans.
  • -Potential safety concerns due to crash incidents and injuries reported.

Known Issues (NHTSA Data)

The 2024 Tesla Model 3 has a total of 286 complaints reported to the NHTSA, with significant issues related to steering and the electrical system. While there are no fire incidents recorded, the presence of crash incidents and injuries suggests that potential buyers should be vigilant about safety features and performance. No significant NHTSA complaints on record.

Top Complaint Areas
UNKNOWN OR OTHER20% of complaints
STEERING12% of complaints
ELECTRICAL SYSTEM12% of complaints
EXTERIOR LIGHTING9% of complaints
FORWARD COLLISION AVOIDANCE: ADAPTIVE CRUISE CONTROL8% of complaints

Performance

Horsepower
Torque
Engine
Cylinders
Transmission
Automatic (A1)
Drive Type
AWD

Efficiency

MPG Combined
130
Fuel Type
Electricity

Dimensions

Length
185.8 in
Width
72.8 in
Height
56.7 in
Wheelbase
113.4 in
Curb Weight
3,805 lbs
Ground Clearance

Capacity

Doors
4
Seating
Cargo
Max Cargo
Max Towing
Max Payload

ddpc Estimated Value

$37,682
$32,030 – $43,334
Depreciation Over Time
New
2yr
5yr
ddpc Estimate based on original MSRP, standard depreciation curves, vehicle class, and NHTSA reliability data. Not a substitute for professional appraisal. Actual value depends on condition, mileage, location, and market conditions.

Estimated Cost of Ownership

Estimated Annual Cost
$6,503
Per Mile
$0.54
5-Year Total
$49,823
Fuel
$600/yr
Maintenance
$600/yr
Insurance
$5,303/yr
Depreciation
$3,462/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (4)

Model 3 Long Range AWD
AWD
Model 3 RWD
RWD
Model 3 Long Range RWD
RWD
Model 3 Performance AWD
AWD

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