The Tesla Model 3, first introduced in 2017, is a fully electric compact sedan designed to be more accessible than previous Tesla models. The 2024 Model 3 continues this legacy. Key trims include the Rear-Wheel Drive, Long Range, and Performance. Pricing typically ranges from $40,000 to $55,000 depending on the configuration and options. Its minimalist interior, advanced technology, and impressive electric range make it a popular choice.
The Good
The 2024 Tesla Model 3 offers exhilarating performance and instant torque, appealing to emotional buyers. Its sleek, minimalist design provides a modern aesthetic. Practical buyers appreciate its exceptional energy efficiency, long range, and access to Tesla's Supercharger network, offering a potentially lower total cost of ownership and reduced environmental impact. Enhanced Autopilot features add to its appeal.
The Bad
Potential weaknesses of the 2024 Tesla Model 3 include build quality inconsistencies, which can lead to panel gaps and minor cosmetic issues. The minimalist interior, while appealing to some, might lack traditional features. Reliance on the touchscreen for most controls can be distracting for some drivers. Some report higher tire wear compared to conventional vehicles due to the instant torque.
2024 Tesla Model 3: Quick Overview
- Engine Options:
- Rear-Wheel Drive: Single Motor, Rear-Wheel Drive
- Long Range: Dual Motor, All-Wheel Drive
- Performance: Dual Motor, All-Wheel Drive
- Horsepower (Estimated):
- Rear-Wheel Drive: ~283 hp
- Long Range: ~450 hp
- Performance: ~510 hp
- Fuel Economy (MPGe - Miles Per Gallon Equivalent):
- Rear-Wheel Drive: ~132 MPGe combined
- Long Range: ~131 MPGe combined
- Performance: ~113 MPGe combined
- 0-60 Times:
- Rear-Wheel Drive: ~5.8 seconds
- Long Range: ~4.2 seconds
- Performance: ~3.1 seconds
- Towing Capacity: Not Rated for Towing
- Trim-Level Features:
- Rear-Wheel Drive: Standard Autopilot, 15-inch touchscreen, Premium connectivity (trial), Partial Premium Interior.
- Long Range: All features of RWD plus longer range, Premium Interior, upgraded audio system.
- Performance: All features of Long Range plus performance brakes, lowered suspension, track mode, unique interior trim, and increased top speed.
- All Trims: Over-the-air software updates, access to Tesla Supercharger network, regenerative braking.
2024 Tesla Model 3 Specifications
Vehicle Information
| Year | 2024 |
| Make | Tesla |
| Model | Model 3 |
| Trim | - |
| Style | Rear-Wheel Drive |
| Type | Sedan |
| Category | Minicompact Car |
Manufacturing Details
| Made In | United States |
| Manufacturing City | FREMONT |
Dimensions
| Doors | 4-Door |
| Curb Weight | - |
| Gross Vehicle Weight Rating | 2267.96 kg |
| Overall Height | - |
| Overall Length | 471.93 cm |
| Overall Width | - |
| Wheelbase Length | 287.53 cm |
| Standard Seating | 5 |
Engine & Performance
| Engine | Electric |
| Engine Size | - |
| Engine Cylinders | 4 |
| Transmission | 1-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 1-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $38,990 USD |
| Invoice Price | - |
| Delivery Charges | $1,390 USD |
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What Problems Does the 2024 Tesla Model 3 Have?
While the 2024 Tesla Model 3 is relatively new, some recurring issues reported across recent model years include build quality inconsistencies such as misaligned panels and paint imperfections. Software glitches, although often addressed through over-the-air updates, can sometimes affect vehicle functionality.
Long-term reliability concerns often revolve around battery degradation, although Tesla's battery management system is designed to mitigate this. The frequency of Supercharger use and charging habits can affect battery lifespan. Issues with the touchscreen, such as freezing or slow response times, have also been reported.
Specifically, some owners have reported issues with the heat pump system in colder climates, affecting heating performance. Suspension components, particularly in earlier model years, have occasionally required replacement sooner than expected. Recalls, while not always frequent, are typically related to software or safety system issues and are promptly addressed by Tesla through over-the-air updates or service appointments. It's essential to check for any open recalls before purchasing a used model. Regular maintenance and adherence to recommended service schedules are crucial for maximizing the vehicle's lifespan and preventing potential problems.
Long-term reliability concerns often revolve around battery degradation, although Tesla's battery management system is designed to mitigate this. The frequency of Supercharger use and charging habits can affect battery lifespan. Issues with the touchscreen, such as freezing or slow response times, have also been reported.
Specifically, some owners have reported issues with the heat pump system in colder climates, affecting heating performance. Suspension components, particularly in earlier model years, have occasionally required replacement sooner than expected. Recalls, while not always frequent, are typically related to software or safety system issues and are promptly addressed by Tesla through over-the-air updates or service appointments. It's essential to check for any open recalls before purchasing a used model. Regular maintenance and adherence to recommended service schedules are crucial for maximizing the vehicle's lifespan and preventing potential problems.
How long will the 2024 Tesla Model 3 last?
With proper maintenance and charging habits, a 2024 Tesla Model 3 can potentially last for 200,000 miles or more, translating to roughly 10-15 years of service for the average driver. Battery degradation is a key factor in long-term durability; however, Tesla's battery warranty and management system aim to minimize this.
Weaknesses may emerge in suspension components, especially with frequent use on rough roads. The touchscreen and other electronic components could also experience failures over time. Regular software updates are essential to maintain optimal performance and address potential vulnerabilities. Careful owners who follow recommended maintenance schedules and avoid extreme charging habits can expect a longer lifespan.
Weaknesses may emerge in suspension components, especially with frequent use on rough roads. The touchscreen and other electronic components could also experience failures over time. Regular software updates are essential to maintain optimal performance and address potential vulnerabilities. Careful owners who follow recommended maintenance schedules and avoid extreme charging habits can expect a longer lifespan.
What Technology & Safety Features are Included?
The 2024 Tesla Model 3 boasts a cutting-edge suite of technology. The centerpiece is a 15-inch touchscreen that controls virtually all vehicle functions, including navigation, climate control, and entertainment. Entertainment features include streaming services (Netflix, YouTube), a built-in web browser, and Bluetooth connectivity. Standard driver-assistance features include Autopilot, which provides automatic emergency braking, lane keeping assist, and adaptive cruise control.
Optional features include Enhanced Autopilot, which adds Navigate on Autopilot, automatic lane changes, and autopark. Full Self-Driving Capability (FSD) is also available, offering traffic light and stop sign control. Safety features include multiple airbags, stability control, and traction control. The Model 3 has consistently earned excellent crash-test ratings from both NHTSA and IIHS, often receiving 5-star overall safety ratings. The minimalist interior design emphasizes a clean and uncluttered driving experience. Regular over-the-air software updates ensure the vehicle's technology remains current and improves over time. Voice command functionality allows for hands-free control of many features. A rearview camera and parking sensors are standard, providing enhanced visibility and safety during parking maneuvers.
Optional features include Enhanced Autopilot, which adds Navigate on Autopilot, automatic lane changes, and autopark. Full Self-Driving Capability (FSD) is also available, offering traffic light and stop sign control. Safety features include multiple airbags, stability control, and traction control. The Model 3 has consistently earned excellent crash-test ratings from both NHTSA and IIHS, often receiving 5-star overall safety ratings. The minimalist interior design emphasizes a clean and uncluttered driving experience. Regular over-the-air software updates ensure the vehicle's technology remains current and improves over time. Voice command functionality allows for hands-free control of many features. A rearview camera and parking sensors are standard, providing enhanced visibility and safety during parking maneuvers.
What Colors Options are Available?
Exterior Colors
Pearl White Multi-Coat
Solid Black
Deep Blue Metallic
Stealth Grey
Ultra Red
Satin Stealth Grey
Midnight Cherry Red
Quicksilver
Solid White
Ocean Blue
Forest Green
Bright Silver Metallic
Electric Blue
Gloss Black
Red Multi-Coat
Interior Colors
Black and White
All Black
Sandstone
Dark Grey
Light Beige
2024 Tesla Model 3 Prices and Market Value
The 2024 Tesla Model 3 had a starting MSRP around $40,000 for the base Rear-Wheel Drive model, ranging up to approximately $55,000+ for the Performance trim. Used market prices vary depending on mileage, condition, and options. Demand for electric vehicles and Tesla's brand reputation contribute to relatively strong resale values.
Depreciation is influenced by factors such as battery health, the availability of government incentives for new EVs, and the introduction of newer Tesla models or competing electric vehicles. Models with Full Self-Driving Capability (FSD) tend to command higher resale prices. Overall, the Model 3 holds its value comparatively well compared to other vehicles in its class.
Depreciation is influenced by factors such as battery health, the availability of government incentives for new EVs, and the introduction of newer Tesla models or competing electric vehicles. Models with Full Self-Driving Capability (FSD) tend to command higher resale prices. Overall, the Model 3 holds its value comparatively well compared to other vehicles in its class.
2024 Tesla Model 3 Cost of Ownership
Insurance costs for the 2024 Tesla Model 3 can be higher than average due to the vehicle's advanced technology and repair costs. However, "fuel" costs (electricity) are significantly lower than gasoline. Maintenance is generally less frequent than for gasoline cars. Repairs can be expensive, especially for bodywork or electronics. Long-term ownership costs can be economical due to lower energy and maintenance needs, but higher insurance premiums and potential repair expenses should be considered. Battery replacement, while rare, is a significant potential expense.
2024 Tesla Model 3 Fuel Efficiency
Fuel Type
Electric
Fuel Capacity
6.78 liters
City Mileage
0.72 km/l
Highway Mileage
0.81 km/l
2024 Tesla Model 3 Safety Rating
NHTSA
2024 Tesla Model 3 Warranty
Basic
Original warranty
48 months / 50,000 miles
Estimated remaining
36 months / 50,000 miles
Powertrain
Original warranty
0 months / No data
Estimated remaining
Expired
Rust
Original warranty
144 months / unlimited miles
Estimated remaining
132 months / unlimited miles
2024 Tesla Model 3 Insurance
Insurance for a 2024 Tesla Model 3 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2024 Tesla Model 3 Compare to Other Sedan?
The 2024 Tesla Model 3 competes with EVs like the Hyundai Ioniq 6, Polestar 2, BMW i4, and the Ford Mustang Mach-E. In terms of performance, the Model 3 Performance is often superior in acceleration. Features are comparable, with Tesla having a strong advantage in its Supercharger network. Reliability can be a mixed bag, with Tesla facing more reported build quality issues than some rivals. Price is generally competitive, though the BMW i4 offers a more luxurious interior at a premium.
The Hyundai Ioniq 6 provides a compelling alternative with its distinctive design, fast charging, and strong value proposition. The Polestar 2 offers a similar blend of performance and style with a more conventional interior layout. The Ford Mustang Mach-E provides a sporty SUV alternative with impressive range and performance. For buyers prioritizing build quality and a more traditional luxury experience, the BMW i4 might be a better choice. The Model 3 stands out for its overall technology integration, Supercharger access, and brand appeal.
The Hyundai Ioniq 6 provides a compelling alternative with its distinctive design, fast charging, and strong value proposition. The Polestar 2 offers a similar blend of performance and style with a more conventional interior layout. The Ford Mustang Mach-E provides a sporty SUV alternative with impressive range and performance. For buyers prioritizing build quality and a more traditional luxury experience, the BMW i4 might be a better choice. The Model 3 stands out for its overall technology integration, Supercharger access, and brand appeal.
Final Verdict: Is the 2024 Tesla Model 3 a Good Sedan?
The 2024 Tesla Model 3 is ideal for tech-savvy buyers who prioritize performance, efficiency, and access to a reliable charging network. It's worth buying new to take advantage of available tax credits and the latest features. However, a used model can offer significant savings if carefully inspected for build quality issues and battery health.
The Long Range trim strikes a good balance between performance and range for most buyers. Consider the Performance trim for those seeking maximum acceleration. Buyers should carefully weigh the cost of Full Self-Driving Capability and its current capabilities. If you want a great electric car with a good range and performance, this is it, however, if you are looking for more luxury, consider some of the competitors listed above.
The Long Range trim strikes a good balance between performance and range for most buyers. Consider the Performance trim for those seeking maximum acceleration. Buyers should carefully weigh the cost of Full Self-Driving Capability and its current capabilities. If you want a great electric car with a good range and performance, this is it, however, if you are looking for more luxury, consider some of the competitors listed above.
Cathleen V
Cathleen is an exceptional freelance writer covering hot topics in the automotive world from a gearhead's perspective. Her articles delve into various aspects of automotive technology and history, offering readers detailed insights into engine performance, reliability, and maintenance. Through her engaging and informative writing, Cathleen provides valuable information to automotive enthusiasts and consumers alike, helping them make informed decisions about vehicle maintenance and purchases.