Tesla Model 3 vs MG MG4

What's the difference?

VS
Tesla Model 3
Tesla Model 3

$54,900 - $80,900

2026 price

MG MG4
MG MG4

$25,971 - $47,254

2024 price

Summary

2026 Tesla Model 3
2024 MG MG4
Safety Rating

Engine Type
Not Applicable, 0.0L

Not Applicable, 0.0L
Fuel Type
Electric

Electric
Fuel Efficiency
0.0L/100km (combined)

0.0L/100km (combined)
Seating
5

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

  • Not an engaging drive
  • Cabin feels underwhelming 
  • Modest design enhancements
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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2024 MG MG4 Summary

MG has been one of the fastest growing brands in the Australian market in the past five years, carving a spot for itself amongst the best-selling names.

But now it’s about to take on arguably its toughest challenge yet - selling a performance car.

MG’s success until now has been built largely on value, with its affordable MG3 and ZS SUV leading the way. The arrival of the all-new, all-electric MG4 XPower means the brand will try its luck at selling cars based on performance, dynamics and an emotional connection.

It’s not the first electric hot hatch in Australia, that distinction arguably belongs to the Cupra Born. But, MG has achieved much higher sales locally than Cupra, making it the first electric hot hatch from a mainstream brand, and that’s why it has the potential to be a game changer for the market.

If the XPower succeeds it will likely reshape the hot hatch market, which until now has been dominated by long-time players and big-name brands, including the Honda Civic Type R, Hyundai i30 N, Toyota GR Corolla and Volkswagen Golf R.

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Deep dive comparison

2026 Tesla Model 3 2024 MG MG4

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