Tesla's Model 3 is extremely popular.
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Here are the biggest differences between Tesla's Model 3 and Model S (TSLA)
Here's what you need to know if you're unsure whether to buy Tesla's Model S or Model 3.
Tesla has said it secured at least 455,000 preorders and that 1,800 new reservations are coming in every day. The Model 3, Tesla's first mass-market vehicle, has receivedravereviews from people who have gotten behind the wheel.
Still, there are some downsides to ordering the Model 3 — mainly that the car is so popular that people who place an order today won't get one for at least a year. For some, that's enough of a reason to start considering the Model S.
For those who were interested in the Model 3 based on its $35,000 price tag, the Model S 75 is the next best bet, though it's still considerably expensive.
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Like initial batches of the Model 3, the Model S 75 comes with rear-wheel drive, but you can pay extra for the 75D to get all-wheel drive. The Model S 75 has a similar range with the Model 3, but it is faster and has a few extra features, such as two display screens.
As a luxury car, the Model S also has a few more perks than the Model 3.
Model S owners have the option to get free unlimited Supercharging when they purchase the car with a referral code, while Model 3 owners have to pay a small fee. The Model S also has a larger trunk and can fit more people using rear-facing seats. Model S deliveries can take as little as seven days if you forego customization.
Some may want to consider getting a lightly used Model S, which would bring the price tag down further.
Keep in mind, though, that Enhanced Autopilot will cost extra, and that the starting prices do not factor in federal or state tax incentives.
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