Since I published comparisons of the Tesla Model 3 and Honda Accord, I’ve been planning to conduct and publish 5 year cost of ownership comparisons between the Tesla Model 3 and BMW 330i. At last, here they are!
Dear Elon, My youngest daughter wants a Tesla named after her. Her sister has the Model S. She is hoping for a Model A, smaller in size than a 3. Seems fair. She says the Model A will be able to serve food on tables any time you want. Of … [continued]
I recently published some cost comparisons between the Tesla Model 3 and various Honda Accord trims. As I implied at the time, these models shouldn’t even be in the same discussion since the Model 3 is a much better vehicle (safer, quicker, more advanced tech, better handling), but the fact is that they do compare when it comes to 5 year cost of ownership. However, when I published the previous comparisons, I didn’t include the cost of interest if you took out an auto loan to finance the purchase.
I’ve got another report here comparing the Tesla Model 3 to a top selling car in the USA.The Model 3 was the 5th best selling car in the USA in the second half of 2018, the 11th best in all of 2018, and the 13th best in the first quarter of 2019. The Toyota Camry was the top selling car in the USA in 2018 and has long been at or near the top of the list.
Patience is a virtue. After a long wait, UK customers can now place their orders for the Tesla Model 3 — for June delivery. Prices for the Standard Range Plus, which includes Autopilot, starts at £38,900 (on-the-road price, after incentives). Get your order in quickly if you want early delivery.
A recent analysis from ARK Invest indicates that the Tesla Model 3 (even the $44,500 Model 3 Long Range*) outcompetes the highly popular Toyota Camry on a total cost of ownership basis.
This article is an update to my continuing series on the the “Total Cost of Ownership” (or TCO) of the Tesla Model 3 compared to other cars. See this article if you want more details on how I figured out the TCO for the Model 3.
I have written a series of articles on this site that attempted to accurately estimate the total cost of ownership (TCO) of various Model 3 trims, and then also compare those TCO estimates to a variety of competing cars. You can read the latest one, comparing the Model 3 to all the mainstream midsize sedans (Camry, Accord, Optima, and Malibu).
Today, I want to update my use of the Edmunds True Cost to Own model to analyze the market for mainstream midsize sedans. I’ll compare the Tesla Model 3 Standard Range to all the leaders in the midsize market today. The short story, as you’ll see if you go through it all, is that the much quicker, safer, and more luxurious Tesla Model 3 can be cost-competitive with the Toyota Camry, Honda Accord, Kia Optima, and Chevy Malibu.
When I saw the new battery option, I knew I needed to update the total cost of ownership (TCO) model for the Model 3 and see how that affects the cost of ownership for potential customers.
