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You’ll save money on gas with the Tesla Model 3, but you may end up paying more elsewhere

Tesla unveiled its new “affordable” $35,000 Model 3 at a launch party Friday, and more drivers than ever are considering buying one of the eco-friendly luxury vehicles. Before the Model 3, its lowest-priced model went for $88,500.

Even with gas prices hitting record lows, it’s still cheaper to power up the all-electric Tesla than to take a traditional car to the gas station. But there are other expenses to consider when you own a Tesla. TSLA TSLA, +0.18%

Tesla said in 2016 that 373,000 people had put down $1,000 deposits to join the waiting list for a Model 3.

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