How much does a Tesla cost? What’s the price of a Tesla Model 3? Or a Model S or X? Am I going to save thant much in gas? We’ve collected some tools and calculators to help you make an informed decision.
The price of a Tesla Model 3 in the US starts at $35,000 (before tax incentives), whereas in Europe it starts at 50.000 euros. Maintenace costs, gas, EV tax incentives, and insurance costs, are some of the most important things to take into account when purchasing a Tesla.
Past Tesletter articles
Tesla dropped FSD and AP for owners but Elon just announced that prices are going back to normal on Monday. This is after a few Tesla owners who already purchased EAP complained about having to pay more for FSD than people who didn’t. If you own a Tesla and you want to take advantage of the lower prices for FSD or AP, hurry up and get them before Monday.
Read more: TwitterFrom issue #50
Oyinko has created a spreadsheet to compare the cost of buying a Model 3 vs keeping his M235i.
Comparing the cost of ownership of a Model 3 AWD ($19,280) and P3D ($23,920) vs the M235i ($22,650), the numbers are very close. Although the price of the Model 3 (both of them) is higher than the M235i, the total cost of ownership is only 3k of difference for the AWD and 9k for the P3D.
Thanks for sharing Oyinko!
Read more: Google spreadsheetFrom issue #20
A recent report from venture capital firm Loup Ventures found that the depreciation of Tesla’s MS compares quite favorably with that of other vehicles in its class (Tesla Model S loses 28% of its value vs. Mercedes S-class ~36%, and BMW 7 Series 40%). Not that we’re planning on selling our MS any time soon, but lucky us :)
Read more: EvannexFrom issue #37
Thanks pete3442 for putting together the numbers. Here is a summary of his calculations.
Cost of electricity $0.12/kWh. Cost of gas $3/ galon.
|Car||Consumption||$ / 100 miles|
|Model 3||4 miles per kWh||$3|
Read more: RedditFrom issue #17
«Compare The Market» offers a very general overview of electricity rates and calculates how much it would cost to charge up a Tesla. All calculations are based on a MS with a 100 kWh battery charge & 259 miles per charge. The cheapest country is Chile where it costs $2.70 per 100 miles. The most expensive is Denmark where it costs $13.13 per 100 miles.
Read more: Compare The MarketFrom issue #64
After two years of owning a Model S, this owner has spent more money per mile on tires than on electricity. These are his calculations:
- Tires: $1300/40k mi = 3.25 cents/mi
- Electricity: $0.07/kWh * 1 kWh/3 mi = 2.3 cents/mi
As one of the comments mentioned when he or she complained about the cost of replacing the performance tires… «you gotta pay to play.
Read more: RedditFrom issue #67
Apparently not. Some of the main reasons shared by Tesla owners in the TMC forum are:
- Tesla takes the 7500 tax credit and pockets it, (unlike Nissan which treats it like a down payment)
- Bad money factor (e.g. hidden costs in the monthly payment)
- One of Tesla’s main advantages is the Supercharger network for further travel - you’re not going to be taking advantage of that in a lease with limited yearly mileage»
Read more: TMC ForumFrom issue #21
Tesla has dropped the price of the Model S and tthe Model X by $8,000. Model S and Model X that were previously sold under the 100D label will now be sold as “Extended Range” vehicles, while Tesla’s top-of-the-line P100D variants will now be branded as Model S Performance and Model X Performance. If you’re tempted, order before February 1st and get 6 months of free Supercharging with our referral code http://ts.la/ignacio9266
Read more: TeslaratiFrom issue #44
TeslaJoy - I’m proud to say she is a subscriber to this newsletter, hi Joy! - has published a fantastic video about her first year of owning a Model 3 and what that her maintenance costs have been.