It depends on who you’re asking. Many reviews and surveys of people who have bought the Tesla Model 3 have described the car as a great value for the money. For those who are looking for a luxury electric car, the Tesla Model 3 is priced comparably to its competitors. However, many people feel that the Tesla Model 3 is overpriced compared to traditional gas-powered cars, which can be purchased for a fraction of the cost. Ultimately, the decision about whether the Tesla Model 3 is overpriced depends on the individual’s budget, lifestyle, and priorities.