True Cost Of 2021 Tesla Model 3

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Breaking down exactly what I’ve paid to own the cheapest Tesla Model 3 so far. What’s the true Model 3 cost of ownership? What should you expect to pay? Let’s get into it.

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Ryan Shaw

  • Ryan Shaw
    Posted at 16:41h, 24 April

    Head to to save 10% off your first purchase of a website or domain using code RYANSHAW

  • Patrick Chan
    Posted at 13:15h, 25 April

    Compared to Toronto, your gas is about the same when factoring FX. However our electricity is only 10.1 cents per kWh or about 7.48 cents USD. So that makes our gas savings pretty good up here. Now if we could just get rid of winter then EVs would be far more efficient

  • 22tbond
    Posted at 13:31h, 25 April

    I ordered a Model Y 7 seater on 2/20. Got the VIN email on 3/25. Now have my order on hold waiting for more info on a possible tax credit. Hope something happens soon. The possibility of $7-$10k off is too much to pass up.

  • Gary Morrison
    Posted at 15:10h, 25 April

    Just as another point of comparison, our Prius Prime plug-in hybrid in Austin TX drives about 40% cheaper per mile on electric than on gas. It gets about 4.6 miles/KWh on electric and about 55MPG on gas. As you pointed out, both gas and home electricity are cheaper here than in LA (for now anyway!).

  • Julio Lucio
    Posted at 16:01h, 25 April

    I pay $8.80 for 310 miles here in Texas so you can really see the savings.

  • Karl Wiley
    Posted at 16:07h, 25 April

    3:42 – I paid less than that for a used Silver Performance Model 3 with FSD after scouring the used listings for about a year. The used market is an excellent option and because the vehicles upgrade OTA it doesn't feel dated compared to a 2021 model (aside from minor change)

  • Video Superhero
    Posted at 16:44h, 25 April

    Would be good to compare a new model 3 vs 3 year old honda accord vs 3 year old model 3 (including costs of registration and insurance)

  • Elijha Dailey
    Posted at 16:51h, 25 April

    The average gas price here in California is definitely over $4 lol

  • thejose
    Posted at 18:03h, 25 April

    Great vlog Ryan! Are we still getting the Biden $7K EV Tax Credits?

  • Umar Abbasi
    Posted at 20:02h, 25 April

    Meanwhile am paying total $750/mo. For a Honda Civic 😑😑😑

  • ericyister
    Posted at 20:46h, 25 April

    Why not wait until Green Act passes? It seems likely this will become law since Biden supports it. Although, Tesla will probably raise the the prices on the cars across the board if & when this happens.

  • Christomoko Nguyen
    Posted at 20:57h, 25 April

    Tesla just secretly raised modely Y prices $500 ; Separately, re-defines "the $100 non-refundable deposit" as now a "$100 Order Fee"??? Could you please discuss these questionable changes on your channel?

  • joe s
    Posted at 21:25h, 25 April

    no tax in nj!!

  • J S
    Posted at 22:21h, 25 April

    Let me know when you are factual on the real insurance cost

  • J S
    Posted at 22:33h, 25 April

    Just an FYI you can lease a Hyandai Kona full electric for $2000 down and $199 a month.

  • J S
    Posted at 22:39h, 25 April

    Phantom Drain.

  • arun joseph
    Posted at 23:48h, 25 April

    Any rebates for Australia

  • ChaoticMatters
    Posted at 00:05h, 26 April

    I can never seem to find the grant info on these videos

  • Adam Affronti
    Posted at 00:40h, 26 April

    How does bad credit factor in?

  • Chris Sue
    Posted at 01:31h, 26 April

    Your cost are 2X what our 2020 Chevrolet Bolt are……..

  • Oxycodone
    Posted at 01:47h, 26 April

    Been here since 30k! Congrats on 100k!

  • Gaming-Zombie13
    Posted at 03:56h, 26 April

    Tesla RV would be nice for people who Likes RV… For me would Tesla Model S, 3, X, Y, or $25,000 Dollars car…

  • Daniel Farrant
    Posted at 04:08h, 26 April

    Wish it was that cheap in the UK 🇬🇧, cheapest model is approximately $56,000, but it could be worse some Asian markets are 60% tax. And you don’t want to know how much fuel cost in the UK compare to California.( well over 2x)… that said your insurance in California is massively more than the UK 🇬🇧 ( appox 4x) at least.

    Posted at 04:47h, 26 April


  • bma
    Posted at 06:51h, 26 April

    How did you get 2.19% instead of the 2.49% from Tesla?

  • T DB
    Posted at 07:33h, 26 April

    Great tip on glass coverage. Makes sense. Excellent walk through

  • Tesla Porn
    Posted at 09:12h, 26 April

    Tesla might not have the best fit and finish but beacause they’re a first principles company, they focus on delivering a product that eliminates problems of servicing, maintenance and non-sustainability.(surprising for an American company since the American business model it to have you keep coming back)
    This is a very rare departure from the legacy auto’s sole focus on aesthetics, failing to match Tesla in any of the above categories.

  • Cristian Seja
    Posted at 10:19h, 26 April

    I’m paying 4.10 a gallon. I definitely want a TSLA but waiting on the new incentives

  • socksamazingchannel
    Posted at 10:36h, 26 April

    How much does roughly 10% to 90% cost at a super charger on average?

  • James Burton
    Posted at 10:52h, 26 April

    Meanwhile, our Australian government wants to create a +$5,000 electric car de-centive for some reason

  • Ed Baize
    Posted at 12:43h, 26 April

    Ryan, you suggested that car registration would be less if you buy without FSD and then add it later. That makes a lot of sense, unless the price goes up again… I also expect that the FSD subscription could wind up higher than we think.

  • RC Robinson-san
    Posted at 15:04h, 26 April

    excellent breakdown, thanks for sharing!

  • Craig Francis
    Posted at 18:15h, 26 April

    Big up yute 100k

  • TJ FromReno
    Posted at 19:28h, 26 April

    I pay 850 a month for my 2021 Model 3 performance 150 for Insursnce. Meh, worth it 😎

  • Kyle Thomas
    Posted at 19:37h, 26 April

    Why would anyone live in LA?

  • John M
    Posted at 21:09h, 26 April

    Did you trade in the Model Y or did you add this to the mix? I'm thinking of a LRM3 or my wife adding to our MYP (which I looooveeee)

  • DrJones694
    Posted at 21:52h, 26 April

    Great video

  • Julian Saiz
    Posted at 22:10h, 26 April

    I think I’m going to buy a model 3 without self driving and upgrade if the price ever comes down

  • balk37
    Posted at 02:07h, 27 April

    What happened to your red Y?

  • kickflip215
    Posted at 06:56h, 27 April

    Man CA rebates and all incentives are out of funds. Would you still say buy? Or wait?

  • Gurpreet Singh
    Posted at 14:34h, 27 April

    Tesla finance gives your a high interest rate. Go to your bank and see what they offer you. I got approved at 1.7%.

  • Gareth Sonnier
    Posted at 19:13h, 27 April

    Thanks for all the great videos! I have watched what feels like 1000s of Tesla videos and your content is presented very well and I found it extremely helpful. I recently ordered a MYP and wanted to let you know that I used your referral code. Thanks for the info and looking forward to more.

    Posted at 12:41h, 28 April

    NEMA 14-50 is about 700-1200 dollars

  • Travis
    Posted at 16:34h, 28 April

    Next a million subs

  • Brandon Sakul
    Posted at 20:01h, 28 April

    will incentives work when you’re buying a used tesla?

  • Mimmi Kylemark
    Posted at 20:49h, 28 April

    Thanks for another interesting and informative video. Just as a comparison, here in Sweden I pay $6,50 for a gallon of diesel, petrol a little less. And 18,5 cents/kwh so that is more like yours. But it also means that when I can afford a Tesla my savings will be huge, especially during summer w our solar panels.

  • Christian Cruz
    Posted at 21:19h, 28 April

    @14:23 $660 monthly for the cheapest Tesla with close to 10k down that’s close to 60k for the cheapest Tesla, assuming you’re doing a 72 month contract. Are those numbers right? Or am I missing something.

  • Mau
    Posted at 23:01h, 28 April

    Would it make sense to get a model 3 if I don't have reliable free home charging available? I would have to rely on public charging or super chargers. I would assume it's still cheaper than gas but would become somewhat of a nuisance relying on public charging only.

    Does anyone have experience purchasing an EV without access of home charging?