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]
The average new car transaction price in the US continues to rise; in September 2020, it was $38,723. It’s no wonder that Teslas are holding their value over time.
Originally posted on EVANNEX. by Charles Morris Since the dawn of the modern electric vehicle era, conventional wisdom has been that the resale value of most EVs erodes quickly — that’s been a boon to lower-income buyers who want to go electric, but a frustration to early adopters who bought new. [Editor’s … [continued]
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 talked at length about it years ago at a CleanTechnica conference in Berlin. The night the Tesla Model 3 was first shown to the public, Kyle Field and I were on the test track — only sharing the road and driveway with a few Tesla employees, a black matte Tesla Model 3 prototype, a silver Tesla Model 3 prototype, and a couple of other Teslas. In the 20 minute (but not the 10 minute abridged) video I shared of that extremely lucky test track experience, I didn’t interrupt the fun sounds of the test track fog shooters and the smoothly rolling Teslas very much, but while talking with a Tesla employee near the beginning I laughed a bit out of my awe for the beautiful, super fresh Model 3 and what it would mean for the auto industry. I was picturing elite auto giants in the board room of BMW and Audi sobbing.
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]
Less than 3 weeks ago, Michael Barnard conducted an analysis for CleanTechnica examining the resale value of the Tesla Model 3 compared to competitors. The conclusion was that the Model 3 was dramatically better at holding its value than other cars in its class.
