The $37,500 Question
The Model S costs about $37,500 more than the Model 3 Long Range. That's enough to buy a second car. But you're getting Tesla's flagship luxury sedan with more space, longer range, and premium features. Is the upgrade worth it for your needs?
Quick Comparison
Model 3 Long Range
Entry-LevelModel S
Flagship LuxuryReal-World Example
Jennifer was torn between a Model 3 Long Range at $44,130 and a Model S at $81,630. She loved the Model S's spacious interior and 405-mile range, but the $37,500 price difference was significant.
After test driving both, she chose the Model 3. While the Model S felt more luxurious, the Model 3's 363-mile range was sufficient for her daily 60-mile commute and weekend trips. The $37,500 savings went toward installing solar panels and a home charger, making her entire setup more cost-effective.
Her Decision Factors:
- • Model 3 range was adequate for her needs
- • Saved $37,500 for solar and charging infrastructure
- • Model 3's efficiency (145 MPGe) meant lower charging costs
- • Smaller size made city parking easier
Detailed Comparison
Price & Value
The Model 3 Long Range starts at $44,130, making it Tesla's most affordable sedan. The Model S starts at $81,630, nearly double the price. The Model S Plaid, with supercar performance, costs $96,630.
Beyond the purchase price, the Model S typically has higher insurance rates (15-20% more) and more expensive tires. The Model 3's smaller size and lower value make it cheaper to insure and maintain.
Range & Efficiency
The Model S offers 405 miles of EPA-estimated range, 42 miles more than the Model 3 Long Range's 363 miles. This extra range is valuable for long road trips and reduces charging stops.
However, the Model 3 is more efficient at 145 MPGe city vs 127 MPGe for the Model S. This means lower charging costs for daily driving. For a 15,000-mile annual commute, the Model 3 saves about $150-200 per year in electricity costs.
Performance
The Model S accelerates from 0-60 mph in 3.1 seconds, while the Model 3 Long Range takes 4.2 seconds. Both are impressively quick, but the Model S delivers supercar-like acceleration with balanced ride and handling.
The Model 3 Performance ($56,630) narrows the gap with a 2.9-second 0-60 time and 510 horsepower. It feels more "zippy" and agile than the larger Model S, making it more fun in tight corners and city driving.
Interior & Comfort
The Model S offers significantly more interior space, especially in the rear seats where adults can sit comfortably. The Model 3's rear seats can feel cramped on longer trips. The Model S also includes standard ventilated front seats, which the Model 3 lacks.
The Model S features a driver's side info screen and a larger center touchscreen, creating a more premium feel. The Model 3's minimalist interior uses budget-friendly materials, though the Model 3 Performance has excellent sport seats. Both models include heated front and rear seats.
5-Year Total Cost of Ownership
| Cost Factor | Model 3 Long Range | Model S | Difference |
|---|---|---|---|
| Purchase Price | $44,130 | $81,630 | +$37,500 |
| Charging (15k mi/yr) | $2,850 | $3,750 | +$900 |
| Insurance (5 years) | $9,000 | $10,800 | +$1,800 |
| Maintenance | $1,500 | $2,000 | +$500 |
| Tires | $1,200 | $1,800 | +$600 |
| Resale Value (est.) | -$23,500 | -$43,500 | -$20,000 |
| Total 5-Year Cost | $35,180 | $56,480 | +$21,300 |
* Assumes $0.19/kWh electricity rate, 15,000 miles/year driving, and 53% depreciation over 5 years
Which Should You Choose?
Choose Model 3 If:
- ✓You want the best value and efficiency for daily driving
- ✓363 miles of range is sufficient for your needs
- ✓You primarily drive solo or with one passenger
- ✓You prefer a more agile, sporty driving experience
- ✓Lower insurance and maintenance costs matter
- ✓You want to save $37,500 for other investments
Choose Model S If:
- ✓You want Tesla's flagship luxury sedan with premium features
- ✓405 miles of range is important for frequent road trips
- ✓You regularly carry rear passengers who need space
- ✓You want supercar-like acceleration (3.1 seconds 0-60)
- ✓Premium interior quality and features are priorities
- ✓Budget allows for the $37,500 premium
The Bottom Line
The Model 3 offers exceptional value with 363 miles of range, impressive performance, and the lowest operating costs in Tesla's lineup. It's the smart choice for most buyers who want a premium electric sedan without the luxury price tag.
The Model S justifies its $37,500 premium if you need maximum range (405 miles), spacious rear seating, and flagship luxury features. It's Tesla's best sedan, but the Model 3 delivers 90% of the experience at 54% of the cost.
Consider this: the $37,500 you save with a Model 3 could cover 13 years of charging costs, a complete solar panel installation, or a down payment on a second vehicle. Choose based on your actual needs, not just wants.
Frequently Asked Questions
Related Articles
Model 3 vs Model Y
Compare Tesla's two most popular models to find the perfect fit for your lifestyle.
Performance Models Worth It?
Analyze whether the Performance upgrade justifies the extra cost for your driving needs.
Model 3 Standard vs Long Range
Compare Model 3 trims to determine which offers the best value for your budget.
Best Time to Buy a Tesla
Learn when to purchase your Tesla to maximize savings and incentives.