The world’s cheapest Tesla

Which country sells the cheapest Tesla Model 3?

Last year, 55% of Brits said the main barrier to buying an electric car was the price, which is something that Tesla is trying to get around. We looked into where in Europe you can buy a Tesla Model 3 for the cheapest price and how much the price differs between countries.

Tesla’s growth has been explosive in early 2020, with its share price rising nearly 100% during January and early February. Our guide to buying Tesla shares explains how to buy a piece of one of the most talked-about tech companies.

How to buy shares in Tesla

Quick facts

  • The starting price of a Tesla Model 3 in the UK is £40,490.
  • Sweden is the most expensive place in the world to buy a Model 3, where it costs £49,151.
  • The cheapest European country to buy a Model 3 is Iceland where it costs £32,160.
  • 33% of Brits associate the word “electromobility” with the brand Tesla.

The Model 3 is Tesla’s flagship and also Tesla’s cheapest model. The lower price range is intended to make the car available to more people. Apparently, the strategy was a success – since February 2019, the Model 3 has become the best-selling electric vehicle in the US.

The Model 3 is the third most popular electric vehicle in the UK and the second most popular electric vehicle in Sweden (despite its price being much higher there than in other countries).

Buyers can choose from two different battery ranges that determine how far the car can drive on one charge. The 325-mile (523km) range was discontinued in the second quarter of the 2019 financial year, leaving buyers with the choice of 250 miles (402km) or 310 miles (499km). The 250-mile option is the standard and it’s the option we have used for the prices on this page.

The 5 most expensive countries

1. Sweden: £49,151
2. Denmark: £44,878
3. Czech Republic: £44,876
4. France: £44,787
5. Italy: £44,706

The 5 cheapest countries

1. Iceland: £32,160
=2. Romania: £35,667
=2. Slovakia: £35,667
=2. Slovenia: £35,667
5. Estonia: £35,670


70%PrefixCountry
Sweden takes home the prize for having the most pricey Tesla Model 3, which costs £49,151 (SEK559,900) to buy. Nevertheless, the Model 3 was the most bought electrical car in the first quarter of 2020 as 1,394 Model 3s were sold. Compared to the second most popular electrical car in Sweden, Audi E-tron, which sold 855 cars, Tesla is in high demand. The reason Swedes buy Teslas in spite of the price might have to do with the tax relief for purchasing an environmentally friendly car. The second most expensive country to buy a Model 3 in is Denmark, where you can buy it for the slightly cheaper price of £44,878 (DKR369,900).
The price of a Model 3 varies heavily between different European countries, with a difference of £16,991 between the cheapest and most expensive locations. The cheapest place in Europe you can buy a Tesla Model 3 is Iceland, where it costs £32,160 (ISK5,683,335). This is probably due to the fact that the island doesn’t charge VAT on electric cars and there will be no import duty until there are 10,000 electric cars in Iceland. The second cheapest place in Europe to buy the Tesla is Romania. There you can drive away with a Model 3 for £35,667.
Outside of Europe, the cheapest Model 3 can be found in the US – the home nation of Tesla. There the company put a £24,121 price tag on the vehicle. The second cheapest place to buy a Model 3 would be China, where the car can be purchased for £29,651. The most expensive country to buy a Model 3 outside of Europe is Taiwan, where the vehicle is sold for £41,816 (still £7,335 less than Sweden!).
If you want to add anything at all to your new Tesla, it comes at a price. Changing the colour of the vehicle’s exterior or interior, for example, costs £1,000–£2,000. If you’d like the full self-driving capability, you’ll have to fork out an extra £5,800.
Country Price in local currency Price in pounds
Iceland ISK5,683,335 £32,160
Romania €39,500 £35,667
Slovakia €39,500 £35,667
Slovenia €39,500 £35,667
Estonia €39,500 £35,670
Hungary €39,500 £35,673
Norway NKR430,900 £36,169
Switzerland CHF44,990 £37,755
Germany €42,900 £38,737
Poland 195,490 zł £40,082
United Kingdom £40,490 £40,490
Greece 45,990€ £41,428
Austria €46,100 £41,635
Luxembourg €46,900 £42,358
Finland €48,690 £43,970
Belgium €48,800 £44,064
Portugal €48,900 £44,162
Ireland €48,900 £44,173
Netherlands €48,980 £44,236
Spain €49,000 £44,245
Italy €49,500 £44,706
France €49,600 £44,787
Czech Republic 1,300,200 Kč £44,876
Denmark DKR369,900 £44,878
Sweden SEK559,900 £49,151
Country Price in local currency Price in pounds
USA $31,690 £24,121
China ¥271,550 £29,651
Canada $52,990 £30,056
Mexico $918,300 £31,587
Hong Kong HK$330,000 £32,415
Macau HK$342,000 £32,957
UAE AED159,900 £33,143
South Korea ₩53,690,000 £34,351
Japan ¥5,110,000 £37,088
Australia $73,900 £40,401
New Zealand $79,900 £40,546
Taiwan NT$1,609,900 £41,816
Prices are accurate as of 8/31/2020
Engineer Elon Musk is known for his high IQ, creativeness and inventions. On his resume, he can list being the founder or co-founder of no less than six companies, including PayPal, SpaceX and The Boring Company. One of the company mogul’s most successful startups is the green vehicle company Tesla, which specialises in creating environmentally friendly vehicles with futuristic and luxurious designs. And it seems to be working. In the fourth quarter of 2019, Tesla delivered 112,095 vehicles. In total across 2019, it has delivered over 500,000 vehicles. In 2018, the company made $21.5 billion in revenue and had 48,817 employees.

Sources

Tesla
Baringa
SMMT
Statista
Mest Motor

Click here for more research. For all media enquiries, please contact:

Matt Mckenna
Head of UK communications
T: +44 20 8191 8806
matt.mckenna@finder.com@MichHutchison/in/matthewmckenna2

Related articles

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site