The Tesla Model 3, introduced in 2017, is an electric mid-size sedan designed for broader affordability compared to previous Tesla models. It features a fastback design and achieved global recognition as the best-selling plug-in electric car from 2018 to 2020. Its popularity was later surpassed by the Tesla Model Y, a crossover SUV built on the same chassis. The Model 3 reached a milestone in June 2021, becoming the first electric vehicle to exceed 1 million units sold worldwide.
A Tesla Model 3 owner tracked costs for 50,000 miles, finding it cheaper than a Chevy Bolt but more expensive than an old Toyota. Kia's EV4 is also emerging as a Model 3 performance rival.
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