A writer recently pointed out that Elon Musk promised five years ago that Tesla vehicles would appreciate in value, and they have not. At first, I was thinking, “Well, it’s a bit early to cover this,” but then I realized, it really isn’t. When I bought my Tesla Model 3 … [continued]
We used to produce a lot of total cost of ownership analyses for the Tesla Model 3 and other electric vehicles, but especially the Tesla Model 3. Something I learned from that is that one of the biggest cost of ownership factors — or the biggest — is depreciation. Or … [continued]
In this article, I look at depreciation data for the Tesla Model 3, Toyota Camry Hybrid, and BMW 3 Series. After this deep dive, I need to update the TCO (total cost of ownership) estimates I made about a year ago. Reasons Why Tesla Pricing Has Been So Volatile Over … [continued]
After 3 years, most electric cars sold in America are worth less than half what they cost new. The Model 3 is the exception.
You can save tens or hundreds of thousands of dollars with continuous improvements to a Tesla, which is a stark contrast to other automaker that do something else continuously: ask you to pay again!
With the coronavirus pandemic and related economic crisis well underway, and perhaps also with the arrival of the Model Y (it’s unclear if this is related), there are some signs of hope for potential used Model 3 buyers.
We’ve covered the superiority of the Tesla Model 3 compared to other cars in its class in a number of different ways. Add to the list the fact that Tesla Model 3 buyers are holding onto their cars much more than buyers of competitors in the midsize premium car market.
Used cars are going nowhere. With almost everyone sitting at home and tens of millions of people losing their jobs, used automobile sales in the USA were reportedly down 64% in the last week of March.
Usually, as soon as you buy a new car and drive it off the lot, it loses a ton of value, but some vehicles provide an exception to the rule, losing much less of their value than others. The car in the US that loses the smallest percentage of its value after one year? Yup, that would be the Tesla Model 3.
There are several cost of ownership calculations out there between the Tesla Model 3 and the Toyota Camry, but there’s always room for more. In fact, as more and more Model 3s pop up around me week after week, I’m feeling like the Model 3 is the new Camry. Let’s … [continued]
