Here’s How Much a 2-Year-Old Tesla Model 3 Is Worth Today

Since the first-generation Tesla Model 3 was discontinued in late 2023, all that remains is the used market. So if you’re shopping for a used Model 3, here’s what you need to know and what you should expect to pay.

From the moment it rolled off the lines in 2017, the Model 3 was a huge success for the EV maker and was easily considered the brand’s bread and butter, until the “Highland” update was introduced for 2024.

As a result, there are plenty of first-gen Model 3s to choose from on the used market, offering a tempting mix of tech, performance, and practicality. Here’s how much a two-year-old Model 3 can be bought for today, on average.

The 2023 Tesla Model 3’s Value in 2025

For average pricing, we looked at two main sources that could reliably provide a guide for the three trim levels. Average auction values and private classified listings may present a different picture. Kelley Blue Book’s fair pricing and J.D. Power’s average price paid are a good guide to see how much these models are changing hands for today.

2023 Tesla Model 3 Average Values

A picture of the 2023 Tesla Model 3’s current values is available when we consider the data above. The trims are generally valued higher for J.D. Power’s average price paid.

Although not a scientific exercise by any measure, calculating the average of the two outlets’ values results in our average price in the final row. The average of these values is $31,961.

Average Reliability Scores For The 2023 Tesla Model 3

As a rough indication only, we also checked in with J.D. Power and Kelley Blue Book to find out what the reliability score looks like for the Model 3. Overall, the scores, primarily user-generated, are positive for the Model 3.

• J.D. Power rates the Model 3 as ‘Average’ for reliability with 74/100—its overall consumer rating is 80/100
• Kelley Blue Book gives the 2023 Model 3 a 4.6/5 consumer rating and a 4.6/5 reliability score

A Look At The 2023 Model 3 Specs

2023 Tesla Model 3: Specs

The 2023 Tesla Model 3 range is fairly simple to understand, consisting of just three options: Standard, Long Range, and Performance. It’s also worth noting that Tesla doesn’t quote horsepower or torque figures, so the below quoted figures are estimations.

Kicking off the range is the Model 3 Standard, which is propelled by a single electric motor, delivering 279 horsepower and 310 lb-ft, for a top speed of 140 mph. Sandwiched in the middle is the Model 3 Long Range, which is driven by dual electric motors, delivering 491 horsepower and 364 lb-ft of torque, for a top speed of 145 mph. Performance is the top-spec Model 3, also driven by dual motors, delivering 527 horsepower and 487 lb-ft of torque, for a top speed of 162 mph.

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The 2023 Tesla Model 3’s Standard Features

Standard Feature Highlights

• Keyless entry
• 9-speaker stereo system
• Bluetooth connectivity
• 15.4-inch touchscreen
• ‘Vegan’ leather interior
• One-touch power windows
• LED headlights
• Rearview camera
• Heated steering wheel
• Heated front seats
• Heated mirrors
• 1st and 2nd row fixed glass moonroof
• Adaptive cruise control

The interior of the Model 3 is extremely minimalistic, with virtually no buttons or other controls, and a 15.4-inch center touchscreen being the only feature on the dashboard. As standard, it comes with an all-black premium ‘vegan’ leather interior, although a white and black premium ‘vegan’ leather interior was an option.

As standard, the Model 3 comes with Autopilot, which uses eight surround cameras allowing for 360-degree vision, while 12 ultrasonic sensors provide detection of surrounding objects. Forward-facing radar sees through heavy rain, fog, dust, and beyond the vehicle ahead.

The Model 3, like other Teslas, has over-the-air software updates. The warranty period for the Tesla Model 3 covers basic (4 years/50,000 miles), drivetrain (8 years/100,000 miles), EV battery (8 years/100,000 miles), and rust (12 years/unlimited miles).

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The 2023 Tesla Model 3 Performance Is Peak First-Gen Model 3

2023 Tesla Model 3: Basic Specs

As the name suggests, the Performance is the most performance-orientated version of the Model 3. As to be expected, the Performance boasts significantly faster acceleration, a lower 0-62 mph time, and a higher top speed compared to the Long Range and Standard variants. The Performance variant also features a stiffer, more performance-orientated suspension, resulting in a sportier driving experience.

In addition to the above, the 2023 Model 3 Performance includes additional features compared to standard Model 3s, like upgraded brakes (larger brake rotors, calipers and performance brake pads), forged performance alloy wheels (20 inch), a carbon-fiber spoiler, performance pedals, and a premium sound system (15 speakers, 2 amplifiers, 1 subwoofer).

If you’re looking to have a little fun at a discount, it’s tough to go wrong with a used Model 3 Performance. Get it detailed, and snag a few accessories, and you’ll be in business.