Tesla Model X Cheaper Than a Model 3?

Model X Cheaper Than Model 3

Note: This older article is only meant to be informational and should not be considered financial advice.  Please consult with an accountant for your particular situation.


Originally published in 2018 – some information may now be outdated.

Many Tesla enthusiasts are on the waiting list for a Model 3, hoping to get their hands on this relatively affordable car.  However, since Tesla is currently only rolling out the high-end Model 3 until later this year, many are willing to pay more for the premium Model 3 to get it earlier.

It may sound crazy, but did you know that if you get a Model X right now (delivery by Q2), it can be around the same price as a premium Model 3?  What’s the catch, you ask?  A couple things: 1) It has to be used for business purposes and 2) You need to order soon to take advantage of the full Federal Tax incentive of $7,500.

Check out the video below for the details.  One thing that’s missing that makes the Model X a touch cheaper over time is Free Supercharging Credit on the Model X.  When you use an existing owner’s referral code, you will receive a bonus Supercharging credit, saving on initial charging costs.  A perfect way to start your EV journey!

Remember, order soon to get delivery of your Model X (or S) as soon as possible for the tax credit.  You can always cancel your order in three days for a full refund, or later (they will hold the deposit towards another Tesla product).

Video by Go2Mars: How The Model X Can Be Cheaper than a Premium 3:

Additional information on the new deductions can be found here:
Forbes – Changes To Depreciation In The New Tax Law