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A 2024 Tesla Model 3 -VS- The Cheapest Model: Is the Newest One Worth Coughing Up the Dough Compared To The Much Cheaper, By $30,000, Version?

Comparing a 2024 Tesla Model 3 to the cheapest Model 3 shows that the cheapest version is about $30,000 cheaper. Does this make the 2024 Model 3 worth it?
A 2024 Tesla Model 3 -VS- the Cheapest Model - Is the Newest One Worth Coughing Up the Dough Compared To The Much Cheaper, By $30,000, Version?

The Evolution of the Tesla Model 3: From 2018 to 2024

Tesla's Model 3 has been a significant player in the electric vehicle (EV) market, known for its blend of performance, technology, and environmental friendliness.

The recent comparison, from the folks at Throttle House, between the 2024 Tesla Model 3 and its 2018 counterpart has sparked interesting discussions about value, upgrades, and the overall evolution of this iconic vehicle.

Here's a deep dive into the contrasts and advancements that define the journey of the Model 3 from 2018 to 2024.

Key Points at a Glance

  • Price and Value: The 2018 used Tesla Model 3, with its long-range all-wheel drive, is now available under $20,000, while the 2024 Long Range Model 3 starts over $47,000.
  • Condition Considerations: A used Model 3 with 50,000 miles and in poor condition prompts a discussion on the value of pre-owned vehicles versus new purchases.
  • Performance and Comfort: The 2024 Model 3 boasts significant improvements in suspension, body sealing, and tires, enhancing comfort and reducing noise.
  • Design and Features: Despite its advancements, the removal of the indicator stalk in the new Model 3 has raised eyebrows, alongside discussions on design changes and new features.
  • Competition and Choice: With the EV market growing, the updates to the Model 3 are scrutinized in the context of competition and the justification of its price point.
  • A Tale of Two Teslas: Comparing the two models shows the journey from the 2018 Tesla Model 3 to the 2024 edition is marked by both technological advancements and design choices that have elicited mixed reactions from enthusiasts and potential buyers alike.

The Value Proposition

When considering the purchase of a Tesla Model 3, the price is a significant factor. The stark contrast in pricing between a used 2018 Model 3, available for under $20,000, and the new 2024 Model starting at over $47,000, presents a dilemma for buyers.

The value of the new Model 3 is that the quality will be higher, the range will be higher, there is a screen in the back, the sound system is great, performance is better, among many other features.

Is the premium for a new Model 3 justified by its enhancements and features?

Assessing Condition and Mileage

The condition of a used Tesla Model 3, especially one with 50,000 miles and visible wear and tear, is a crucial consideration.

The debate revolves around whether it's more sensible to invest in a pre-owned vehicle that's already seen some road, or to opt for a brand-new model with no history.

Inside the old Model 3, there are some things that are starting to fall apart. It makes sense - this was Tesla's first production vehicles of the Model 3. Production and quality are much better now.

You May Also Like: New Tesla Model 3 Performance Is Coming...

Driving Experience and Comfort Enhancements

Ross, one of the hosts, shared her insights on driving the new Model 3, drawing comparisons to her Golf R. The 2024 Model 3 introduces a new front suspension geometry, improved body sealing, and new tires, all contributing to a quieter, more insulated, and comfortable ride.

These changes position the Model 3 as a formidable competitor to luxury vehicles like the Cadillac Escalade in terms of ride comfort.

Design Evolution and Feature Set

While the Model 3 has undergone significant design tweaks and feature updates, including ventilated seats and rear passenger screens, the removal of the indicator stalk has been a point of contention.

This change, alongside others, reflects Tesla's continuous effort to innovate but also raises questions about the balance between simplicity and user experience.

The folks at Throttle House may care about that, but I don't.

The Broader EV Landscape

As the EV market becomes increasingly competitive, the enhancements to the Tesla Model 3 are examined through the lens of industry standards and expectations.

While the updates are generally positive, the decision to remove certain features and the overall cost-value equation are critical factors for potential buyers.

I personally don't mind the turn signals being on the steering wheel, for instance, but others might.

Final Thoughts: Progress with Caveats

The 2024 Tesla Model 3 represents a significant step forward in Tesla's quest to refine and improve its vehicles. With advancements in comfort, noise reduction, and overall driving experience, the new Model 3 is a testament to Tesla's commitment to innovation.

However, the choices around feature removal and the high entry price point in the context of a competitive EV market present a complex scenario for consumers. As always, the decision to invest in a Tesla Model 3, be it new or used, will hinge on individual priorities, preferences, and value perceptions. After all, there is about a $30,000 price difference between the two.

I personally think that if you have the money, the new Model 3 long range is well worth the money and upgrades.

For Further Reading: Owning a 2022 Tesla Model 3 RWD For 18 Months

What do you think about this comparison between the 2024 Model 3 and the 2018 Model 3?

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Hi! I'm Jeremy Noel Johnson, and I am a Tesla investor and supporter and own a 2022 Model 3 RWD EV and I don't have range anxiety :). I enjoy bringing you breaking Tesla news as well as anything about Tesla or other EV companies I can find, like Aptera. Other interests of mine are AI, Tesla Energy and the Tesla Bot! You can follow me on X.COM or LinkedIn to stay in touch and follow my Tesla and EV news coverage.

Image Credit & Article Reference: Throttle House

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