The total cost of ownership of a Tesla Model 3 is comparable to that of the cheapest car available in the US, according to an analysis by Paul Fosse for Clean Technica. Fosse compared the Model 3 with the 2023 Mitsubishi Mirage and found that over a five-year period, the total cost of ownership for the Tesla is only $1,000 more than the Mirage. The slower depreciation, potential tax credits, and reduced fuel and maintenance expenses of the Model 3 make it a more affordable option in the long run. Additionally, the Tesla produces significantly fewer carbon emissions.

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