How much does it cost to ownership a Tesla?

According to our research, it costs around $67,623 to own a Tesla for 5 years, or around $13,000 to $15,000 per year. This estimate includes the original cost of the Tesla (or your financing payments), the depreciation of the Tesla, maintenance, and “fuel” costs.

How much does it cost to own and maintain a Tesla?

According to RepairPal, the average Tesla maintenance cost is $832 per year. That compares to an average of $652 per year for all car models sold in the United States. Depending on which services your Tesla needs, you may end up spending much more than the average car owner on yearly maintenance needs.

How much does it cost a month to own a Tesla?

How much is a Tesla per month? Even though every car loan is different, the average monthly payment for a Tesla car loan is between $1,100 and $2,500.

How much does your electric bill go up owning a Tesla?

Across all Tesla products, the average charging cost per mile is 4.56 cents per mile. So, if you only charge your Tesla at home, you can expect your electricity bill to increase by about $50 each month.

Is insurance for Tesla cheaper?

Tesla's own insurance rates are substantially cheaper than competing insurers. The typical rate is $2,030 per year across all new Tesla models — that's 49% less than the average rate.

The TRUE Cost of My Tesla Ownership

Are Tesla charging stations free?

For drivers of older Tesla models, use of both networks is free. Any Tesla ordered after 15th January 2017 will need to pay to use the rapid Supercharger points, though each vehicle has 400 kWh in Supercharging credits a year, enough for around 1,000 miles annually.

How long will a Tesla battery last?

On average, Tesla owners can expect at least 267 miles of range on a single charge of their car's battery. According to Tesla CEO Elon Musk, your Tesla batteries are supposed to last for 300,000 to 500,000 miles, or 1,500 battery cycles. That's around 22 to 37 years for an average person.

How much does it cost to replace a Tesla battery?

Tesla battery replacement cost varies depending on the labor and parts needed. Typically, the most basic battery replacement in tesla costs between $13,000 and $14,000. For the Model S premium sedan, replacing a Tesla battery costs around $13,000-$20,000.

Should I charge my Tesla every night?

We recommend plugging in every evening to top off the battery. What percentage should I charge the battery to? For regular use, we recommend keeping your car set within the 'Daily' range bracket, up to approximately 90%. Charging up to 100% is best saved for when you are preparing for a longer trip.

Is insurance high on a Tesla Model 3?

Key Takeaways. Tesla Model 3 insurance rates are more expensive than the cost to insure an average car model. The average cost of insurance for a Tesla Model 3 is $1,712 per year, which is $285 more than the average cost of insurance across all car models.

What credit score is needed to buy Tesla?

There is no stated minimum required Tesla financing credit score to apply for a Tesla auto loan, but borrowers with the best credit scores (720+) generally qualify for lower-APR financing. The average credit score of a Tesla buyer in 2020 was 714.

What is the 5 year cost of owning a Tesla?

According to our research, it costs around $67,623 to own a Tesla for 5 years, or around $13,000 to $15,000 per year. This estimate includes the original cost of the Tesla (or your financing payments), the depreciation of the Tesla, maintenance, and “fuel” costs.

Are Teslas more expensive to insure?

The high cost of a Tesla doesn't stop at its price tag. Insurance for a Tesla tends to be significantly more expensive than that of other popular vehicles, despite high safety ratings. Still, rates can vary drastically, even among different Tesla models.

Are Teslas high maintenance?

No, Teslas do not require a lot of maintenance compared to a gas car, which helps keep your Tesla maintenance costs low. This is because these vehicles have only a fraction of the moving parts that a gas-powered internal combustion engine vehicle has.

What happens if Tesla runs out of battery?

What happens if your Tesla runs out of battery charge? The car will slow down but will not completely stop. The reason is that the battery has some reserve that can power it for a few extra miles. However, the battery indicator will warn you when it enters the reserve.

How much does it cost to charge a Tesla at a charging station?

Depending on the model, it costs between $9.62 to $18.30 to fully charge a Tesla. Teslas have a unique charging port and charger, but you can also use a J1772 adapter to charge at most EV charging stations. An extensive network of Tesla Superchargers is available for quick charging on the go or for road trips.

What happens when Tesla battery dies?

According to a 2021 Tesla impact report, when its lithium-ion batteries reach their end of life, they are remanufactured or recycled.

How long can a Tesla sit without driving?

These results suggest that you can leave your Tesla car parked for even a couple of months unplugged if you have a charged your car at least 70 -80%. This gives Tesla owners the peace of mind when they're away from their cars on a long vacation.

How much is the cheapest Tesla?

2023 Model 3 prices: The “cheapest” Tesla

We will try our best to keep this article updated with the latest pricing for you. Let's dig in. Currently, the Rear-Wheel Drive trim of the Tesla Model 3 starts at an MSRP of $43,490 with zero upgrades, not including any taxes, destination, or other fees.

Does Tesla battery drain in cold weather?

Your Tesla vehicle has many features designed to optimize your cold-weather driving experience. In cold weather, vehicles use more energy to heat the battery and cabin, and it's normal to see energy consumption increase.

Is charging a Tesla free at Walmart?

Is Tesla charging free at Walmart? You can't charge an EV at Walmart for free. But, Walmart does offer fast chargers that let you charge the electric vehicle in about 15-30 minutes while you're out shopping. However, not all Walmart stores support charging stations.

Is it cheaper to charge Tesla at home or station?

You can view the total or average cost per kWh for each type of charging location for your vehicle. Often, charging your Tesla vehicle at home is the cheapest option, and your savings may increase by switching to a time-of-use rate plan designed for EV charging, if available.

Do you have to pay to charge a Tesla at Walmart?

How much does it cost to charge my Tesla at Walmart? DC charging rates vary slightly, with Pass members and guests paying 16 cents per minute for 90 kW and 32 cents per minute for 350 kW. Pass+ members get 12 cents per minute for 90-kW charging and 24 cents per minute for 350-kW charging.