The invention discloses a novel tri-power, efficient, energy-saving three-phase asynchronous motor used for an oil extractor, which comprises a rotor and a stator winding; the stator winding adopts the unique 3Y composite series connection method and the novel technology of turn removal; the stator winding corresponds to a low power grade, a medium power grade and a high power grade, and the number of turns of serial coils in each phase reduces with the power grade, with the low grade power corresponding to a maximum number of turns and the high grade power corresponding to a minimum number of turns; and the switch among the three power grades is achieved by three contactors. As the invention has the high, the medium and the low power grades which are all available for option, and the high power grade has a high start-up torque and is applied to starting the oil extractor, the motor can automatically operate at the low or medium power grade on the completion of the start-up process, and can realize two-way automatic switch of operating power according to the change in the working condition of an oil well. As the motor has the advantages of great start-up torque, high operating efficiency and power factor, convenient control, good reliability and remarkably reduced no load current, the motor can achieve better energy-saving effect.