Tesla Model 3 vs BMW M3

What's the difference?

VS
Tesla Model 3
Tesla Model 3

$54,900 - $80,900

2026 price

BMW M3
BMW M3

$138,950 - $197,990

2023 price

Summary

2026 Tesla Model 3
2023 BMW M3
Safety Rating

Engine Type
Not Applicable, 0.0L

Turbo 6, 3.0L
Fuel Type
Electric

Premium Unleaded Petrol
Fuel Efficiency
0.0L/100km (combined)

10.4L/100km (combined)
Seating
5

5
Dislikes
  • No spare tyre
  • FSD unconvincing
  • Average ownership proposition

  • Carbon pack a little (a lot) silly
  • Thirsty as all get out
  • Design a little polarising (though I like it)
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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2023 BMW M3 Summary

There’s no point waxing too lyrical here, because the facts surrounding the M3 Touring are more than exciting enough.

It’s a (kind of) family friendly wagon with oodles of space and practicality. It’s also an unhinged performance weapon with a thumping 3.0-litre twin-turbo-petrol inline six-cylinder engine.

And it has been years — decades, even — in the making. So, has it been worth the wait? Let’s strap in and find out.

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Deep dive comparison

2026 Tesla Model 3 2023 BMW M3

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