MG MG5 vs Tesla Model 3

What's the difference?

VS
MG MG5
MG MG5

$16,990 - $28,888

2024 price

Tesla Model 3
Tesla Model 3

$54,900 - $80,900

2026 price

Summary

2024 MG MG5
2026 Tesla Model 3
Safety Rating

Engine Type
Turbo 4, 1.5L

Not Applicable, 0.0L
Fuel Type
Unleaded Petrol

Electric
Fuel Efficiency
5.9L/100km (combined)

0.0L/100km (combined)
Seating
5

5
Dislikes
  • Lacks safety tech
  • Low-speed manners
  • Road noise

  • No spare tyre
  • FSD unconvincing
  • Average ownership proposition
2024 MG MG5 Summary

MG has a knack for bucking market trends. The MG3 hatch currently makes up more than a quarter of the brand’s sales at a time when the ‘light car’ category is in gradual decline. Electric cars are too expensive? Here comes the MG4 for less than $40K.

So is this, the MG5, here to resuscitate the sedan? A market segment that’s on the way to flatline here in Australia (aside from the Tesla Model 3's relatively niche appeal)?

If it does, it’s going to do it the same way MG has before. Low pricing. Both MG5 variants come in at less than $30K drive-away and convincingly undercut rivals… but at what cost?

MG delivers a strong value proposition with its small sedan, but it largely only comes with the essential safety features needed to be sold in Australia.

Does the MG5 bring enough to the table to be worth considering without common active safety features like lane-keep assist or rear cross-traffic alert? Let’s find out.

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2026 Tesla Model 3 Summary

It’s been in Australia since 2019 and despite the arrival of a comprehensively upgraded version in late 2023, the Tesla Model 3’s once gargantuan popularity has been declining in recent years.

A seemingly never-ending influx of pure-electric alternatives, primarily from China, has eroded the mid-size sedan’s positioning as the go-to, best-value EV choice. 

But to its credit Tesla has again evolved the Model 3 proposition with the introduction of this Long Range Rear-Wheel Drive grade in October last year, at the time positioning it as “the longest-range EV in Australia”.

Since then, Tesla has adjusted the model grade name to Premium Long Range Rear-Wheel Drive.

Some additional tweaks, made in response to customer feedback, also illustrates the EV pioneer’s determination to step up in the face of increasingly fierce competition.

So, does this latest Model 3 do enough to earn a spot on your electric vehicle shopping list? We spent a week behind the wheel to find out.

@carsguide.com.au ‘Dog Mode’ in the Tesla Model 3 is a life-saver for four-legged friends in the summer heat.🐾 #tesla #model3 #ev #cartok #doggosdoingthings ♬ original sound - CarsGuide.com.au
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Deep dive comparison

2024 MG MG5 2026 Tesla Model 3

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