What is the average age of a Tesla owner?

Tesla owner demographics: average age of a Tesla owner

Our data shows that the median age of a Tesla Model S and Model X owner is just under 54 years old, compared to 38 for the US population. The median age of a Model X owner is 52 years old and the median age of a Model S owner is 54.

Who is Tesla's target audience?

The Tesla target demographic is largely established families with kids, including younger children or teenagers, and they are mostly professionals, executives, senior managers or hold other high-income positions.

What is the average age of a Tesla Model 3 owner?

People interested in buying a Model 3 are younger than other Tesla owners also according to Quantcast. The median age of an X owner is 52 years old and the median age of an S owner is 54.

How much does the average Tesla owner make?

Tesla Owner Income

Based on data pulled from 2,650 Tesla owners, the average household income of a Tesla Model X owner is $143,177 per year. The average household income of a Tesla Model S owner is $153,313 per year. This compares to the United States national medium household income of $78,500.

Can a normal person buy a Tesla?

When the first cars hit the market with hefty price tags of $100,000 or more for a brand-new Model S or Model X, Teslas were accessible only to those with deep pockets. But today it's possible for someone with a more modest income to own a Tesla. The Tesla Model 3 — introduced in 2017 — has a starting price of $39,990.

Tesla ownership after 10 years, here is what you can expect

Can middle class afford Tesla?

As of now, only middle-class families can afford a Tesla — and just barely. Unfortunately, due to the coronavirus, many middle-class families will be joining the ranks of the lower-income families who are struggling to make ends meet.

What type of person buys a Tesla?

Data from Strategic Vision, which has surveyed hundreds of thousands of car buyers, shows that since 2019, 38% of Tesla buyers have identified themselves as Democrats, and 30% have said they're Republicans. That's slightly less “liberal” than EV buyers overall, who skew 41% Democratic to 27% Republican.

Do you have to be rich to own a Tesla?

So yes, you don't necessarily have to be rich to buy a $46,990 Model 3. But if you're making a monthly payment of $703 for a new Tesla Model 3, that's $8,436 a year — and many other vehicles will cost you less.

Do Teslas hold their value?

Tesla vehicles retain their value well but they are more expensive than other electric vehicles. Teslas don't always retain value as well as other cars, but they do retain more of that value than other electric cars. Overall, you can expect these premium vehicles to hold their own in the resale market.

What state has the most Tesla owners?

California continues to lead all Tesla ownership by a landslide with 48% of Model Ss registered in the state. Despite the popularity of the Model S, California ranks behind both Washington and Hawaii in electric vehicle market share.

Why would anyone buy a Tesla?

Its ability to manage all aspects of EV purchase and ownership—sales, financing, service, fast charging, and route planning that incorporates fast charging—were cited by an overwhelming 91 percent of owners as a reason to buy another Tesla.

How many people own a Tesla?

Tesla's global sales were 936,222 cars in 2021, a 87% increase over the previous year, and cumulative sales totaled 2.3 million cars at the end of 2021.

Why is Tesla insurance so high?

Teslas are more expensive to insure than many other cars because of their high repair costs, which increases the cost of collision coverage. The price of your policy depends on the Tesla model and trim you choose, your location and driving history and the amount of coverage you choose.

How much do you need to make a year to afford a Tesla Model 3?

And how much does one need to earn annually to afford a Tesla? A buyer seeking to purchase a Tesla Model 3 for $47,690 would need to earn about $111,000 annually, or $6,562 take-home to cover the $652 monthly payment.

Do you get paid for owning a Tesla?

California. California gives $2,000 to $4,500 in rebates for buying a Tesla Model 3 and Model Y, depending on your income. The $1,500 California Clean Fuel Reward is available for anyone who registers a new electric vehicle in the state.

What states do not allow Tesla sales?

Supporters say dealership laws protect middle-class jobs and force dealerships to compete, lowering prices. Critics say people can get information online and direct sales would lower costs. New Mexico, Alabama, and Louisiana have the strictest bans, barring Tesla from both operating dealerships and repair shops.

Do Teslas have a lot of issues?

There's a common problem with Teslas experiencing rattling in several areas of the cars. Owners have taken their cars to service centers numerous times for this issue but a very rare few have seen the annoyance resolved.

How often do Teslas break down?

Currently, Tesla batteries can last from 300,000 - 500,000 miles before needing replacement.

How much is it to replace Tesla batteries?

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. Model 3 entry-level sedan and Model X premium SUV battery replacement can cost at least $13,000 and $14,000 respectively.

Is Tesla affordable for everyone?

Even Tesla has models that are relatively affordable. The earliest Tesla cars rolled out at high price points. Tesla still produces its flagship 2020 Model S sedan at a base price of $74,990, while the Model X starts at $79,990. But the 2021 Model 3 starts at under $40,000.

What percent of Americans can afford an electric car?

To afford an EV, though, consumers need to be pretty well off. About one-third of American households make more than $100,000 a year and about 15% make between that and $150,000, according to IbisWorld. If they spent sensibly, they would buy one EV and nothing else.

Are electric cars popular in USA?

Just under 1% of all the cars in the US are fully electric vehicles (EVs). This number doesn't account for partial electric and hybrid vehicles. In 2020, electric and hybrid vehicles saw a huge jump in sales, approximately 76% for hybrids and 83% for fully electric cars.

What city has the most Teslas?

And the tech hub of San Francisco holds the top spot in the Bay Area for the number of Tesla vehicles registered, according to data from the California Department of Motor Vehicles.

Where are most Teslas sold?

It comes as no surprise that California is at the top by a wide margin, and that's also where Tesla sells most of its cars in the US.