Are Teslas Worth It? A Comprehensive Review
We examine whether or not Teslas are worth it by investigating pricing, tax credits, fuel savings, maintenance, and more.
Many have heard the same old story when considering an electric vehicle - it will save money on gas and is better for the environment. While Tesla vehicles are one of the most expensive electric cars, Tesla makes do with that promise. They are one of the prominent selections in the luxury electric car world.
While Tesla seems to have all the necessary bells and whistles, most drivers wonder if the high price point is worth it for a Tesla. We’re here to answer all your questions surrounding the iconic electric machine.
How Much is a Tesla?
The Tesla worth is valuable when considering an investment in a Tesla vehicle. How much is a Tesla? It depends on the model, if they’re a used Tesla, and other vital details. The main difference between the most affordable and expensive Tesla cars are the technology features and the space provided inside the car for passengers and drivers.
Tesla Model X
The Tesla Model X is one of the most spacious Tesla designs, with room for seven and a panoramic windshield for the ultimate views. The Tesla Model X ranges from $80,000 to $96,000.
The price range for a used Tesla Model X is much lower. You can acquire a used selection for $19,000 to $88,000, depending on the condition and model year of the Tesla Model X.
Tesla Model Y
The Tesla Model Y is a midsize SUV with ample room for passengers and cargo. The price ranges from $43,000 to $54,000.
The cost of the Tesla Model Y in a used format is also very different and more affordable. You can get one for a price from $18,000 to $55,000. Again, several factors contribute to this cost.
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Tesla Model S
The Tesla Model S is a Tesla built for range and endurance. The price point for the Tesla Model S ranges from $76,000 to $92,000.
The cost for a used Tesla Model S can range dramatically. You can find a used iteration for $10,000 to $80,000. Always take the vehicle for a test drive before investing.
Tesla Model 3
The Tesla Model 3 is a practical version of the Tesla, built for performance and long ranges. The price ranges from $38,000 to $54,000.
Used Tesla Model 3 selections range from $12,000 to $200,000. The biggest factor is the trim level and any features or upgrades attached to the system.
Tesla Cybertruck
Finally, the iconic Tesla Cybertruck is a durable powerhouse capable of towing 11,000 pounds and carrying ample cargo. The price ranges from $80,000 to $101,000.
Finally, we have the Cybertruck. Though there aren’t too many used selections, a few are appearing on the current car market. You can find a used Cybertruck for a price range of $89,000 to $189,000. The prices could drop as the Cybetruck ages.
Tesla Fuel Savings
Since Teslas don’t use gas, you don’t have to spend any money on fuel at the pump. Users can save thousands of dollars each year on gas. Investing in EV means you have a singular charge upfront to get a charging system at home, and there are cheap occasional charges while out. Besides that, gas is a non-starter, and your car is fully charged each morning.
An electric charge is also far nicer on the environment than traditional gasoline. Over time, the output won’t add to the already dangerous pollution levels, whereas a typical gas engine will.
Tesla Tax Credit
Another excellent aspect of getting a Tesla is the availability of the Tesla tax credit. While there is no longer a federal tax credit available for investors, some states still have monetary incentives to assist drivers who want to switch to an electric design. Are Teslas worth it? If you want a tax credit, that is possible.
Some of the most generous states with tax credits include California, Colorado, Delaware, and Maine, sometimes as much as $2,500. However, some states limit their tax incentives depending on the model purchased, and others don’t offer any benefits for electric cars. Ensure you know what your state offers if the tax credit matters in your investment.
HOW LONG DO TESLA MODEL 3s LAST?
We talk about the lifespan of the Tesla Model 3, how many miles it can last, and whether it’s a good idea to invest in a used model.
Tesla Maintenance
Reliability matters in a car, and that includes the Tesla. Unfortunately, Tesla doesn’t have the best track record in dependability. They are one of the worst manufacturers in the car marketing world, with only Lincoln behind them and inconsistent and unreliable selections.
Luckily, the Tesla maintenance cost is much lower since an electric vehicle doesn’t have as many physical components as a gas-powered vehicle. Yearly expenses rarely exceed $500 since a Tesla doesn’t need traditional oil changes and component replacements. Are Teslas worth it? From a maintenance perspective, yes.
Tesla Auto Insurance
In a Tesla, car insurance is a necessity like in any other vehicle ownership experience. After you take your car for a test drive and invest in it, it’s time to insure it. The typical cost of annual car insurance is around $2,200. This Tesla auto insurance price will vary depending on factors like location, driver, and the car being insured.
Buying a Used Tesla: Pros and Cons
There are pros and cons to each investment in a vehicle, and that includes the used Tesla. Electric cars have primarily been promoted for their upsides, but there are also some downsides. A complete picture will provide information so that the average buyer does not get duped by partial advertising.
Pros and cons also help narrow your priorities when investing in a vehicle. Whether you care most about the price point or the impact on the environment, each car investor differs.
Tesla Pros
- Unique modes and easter eggs: With exciting features like fart mode and rainbow charging lights, what more could you ask for in a vehicle?
- Car is always charged: If you run your battery down in a day, the vehicle sits in your garage and charges overnight. You always have a full tank before heading out.
- No high gas prices: Since Teslas don’t require gas, you’ll never have to pay for a tank again. You are immune to high gas prices when the economy shifts.
- Better for the planet: Not filling your tank with fuel and driving with electricity is much better for the planet than the fumes and gas practices required to run traditional cars.
- Possible tax credits: In some states, Tesla has significant tax credits. This ability is particularly true in California, Colorado, and a few other locations.
Tesla Cons
- High price point: Many Teslas come with a higher price point than traditional vehicles. Some can cost more than $100,000, depending on the features.
- Short ranges: Some versions of the Tesla have short ranges. You won’t be able to go far before it’s time to recharge the system.
- Boring aesthetic: The appearance of the Tesla is very straightforward and modern, which is pretty boring if you want a more appealing exterior.
- Long charging time: Teslas can take up to an hour to charge, which is much longer than a quick five-minute trip to the gas station if you aren’t anywhere close to your home.
- Limited charging stations: Electric cars aren’t yet the standard, which means limited charging stations across the country. You might not always have access to a charge.
ARE TESLAS RELIABLE?
Is Tesla just coasting by on name power alone? Sure, the sales figures are pretty reliable, but are Teslas reliable?
Should I Buy a Tesla?
Should I buy a Tesla? Teslas will save money on gas and are much better for the environment. However, they can be expensive and take a long time to charge, depending on how low your charge is. When investing in an electric car, consider your priorities before choosing a vehicle. A Tesla alternative is also just as valuable.
People Also Ask:
What is the downside of owning a Tesla?
Are Teslas worth it? There are several downsides to owning a Tesla. They can take a long time to charge; there are limited charging stations available, they look boring, cost more, and some function for a short range. They can be too expensive for some and take much longer to regain their power, depending on the state.
Is a Tesla expensive to maintain?
Teslas aren’t very expensive to maintain. They tend to cost around $500 a year to maintain, which won’t change much over time since a Tesla doesn’t have the same mechanical components as a gas-powered vehicle. The hardest part of maintenance for the Tesla is keeping the battery in excellent condition to retain its charge.
How often do Teslas break down?
Teslas don’t have an ideal history with dependability, which means they break down far more often than they should. Many also say Teslas have had a reduced quality over the past few years, leading them to fall apart sooner than anticipated. The driving habits, frequency of use, and impact from outside conditions could age the Tesla faster.
How long do Tesla cars last?
Tesla car batteries exist to survive 300,000 to 500,000 miles. While this wouldn’t be possible with most vehicles, Tesla could survive several decades if the battery is safe, thanks to the lack of various mechanical components. They don’t require as much effort as other vehicles, which can extend their lifespan.
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