This represents the true price to acquire a Tesla Model 3.

Comparable cars cost far less than a Tesla Model 3, which is substantially more expensive.

Tesla owners should budget additional payments for taxes, insurance, and registration on top of the expensive initial purchase.

Depending on where you live, you can end up paying an extra $3,000 or more in taxes.

Even after the initial purchase, electricity expenses are anticipated to be much higher than those for a gas-powered car.

Despite this, Tesla's Model 3 buyers benefit from the sizable government tax incentives provided for electric vehicles.

additionally to the long-term financial savings linked to driving an electric vehicle.

In the end, it really comes down to your willingness to spend more money up front on a car with the possibility to have lower recurring payments.