As Tesla rolls out its ‘affordable’ model, buyers should consider these potential expenses — and savings.
At long last, the $35,000 Tesla Model 3 is here. Yet, for unsuspecting consumers, the electric vehicle could prove to be a budget buster even with the lower price tag.
Tesla said back in 2016 that 373,000 people had put down $1,000 deposits to join the waiting list for a Model 3, and CEO Elon Musk said in 2017 “there are more and more every week.” He initially expected that people who ordered the cars then would get them starting in 2018. According to the cost calculator available from the independent website Teslanomics, consumers would need to pay roughly $712.80 in charging costs annually for the lowest-cost Model 3, assuming a daily commute of 40 miles. Fueling a gas-powered car that gets 30 miles to the gallon would cost you significantly more at $1,195 a year.
Maintenance costs for a Tesla Model S over five years were at most $2,800 as of 2017 while a Mercedes-Benz S-Class racks up $18,000 in maintenance bills and the BMW 7 Series costs about $17,000 over the same period, according to an analysis by a self-described Tesla enthusiast and “data geek.” A Tesla spokeswoman declined to comment on that specific point, but noted that Musk said on a 2017 first-quarter earnings call that the Model 3 was intentionally designed without “bells and whistles and special features.” Tesla wanted to try a different strategy than it did with the features-laden Model X, Musk said on the call. “We’ve designed it to be easy to make,” Musk said. “We’ve got I think a much better supply chain in place...We didn’t have that for the Model X or the S.
Electric cars typically depreciate faster than any other type of car, but Teslas are expected to buck that trend, according to the car value research company Kelley Blue Book.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Tesla Model 3s Zoom Into China, Outracing Tariff ThreatChina’s first Model 3 owners have taken express delivery of their new cars after the electric-car maker rushed a boatload of vehicles across the Pacific to beat a looming tariff deadline.
Read more »
Tesla launches $35,000, shorter-range Model 3Tesla’s Thursday announcement turned out to be making good on its longstanding promise to offer a Model 3 for $35,000.
Read more »
Elon Musk says Tesla will soon start selling its $35,000 Model 3Musk promised the low-cost version three years ago.
Read more »
Tesla is finally releasing the long-awaited $35,000 Model 3Tesla is releasing its long-awaited $35,000 version of its Model 3 sedan, Electrek reports.
Read more »
Tesla launching $35,000, shorter-range Model 3: report
Read more »
Tesla starts selling $35,000 Model 3 for delivery in two-four weeksTesla Inc's website showed on Thursday that the electric vehicle maker will...
Read more »
Tesla is eliminating most of its stores and going to an online-only sales modelOn Thursday, Tesla announced that it would eliminate most of its stores and move to an online-only ordering model.
Read more »
Porsche's Next-Gen Macan Will Battle For Tesla Model Y CustomersBy 2025, 50% of all new Porsche vehicles could have an electric drive system.
Read more »