The Tesla Model S is in a class of its own in nearly all categories you look at. When it comes to depreciation, it also outperforms all the other Electric Vehicles (EVs) as well as the gas-powered (ICE) cars with a similar price tag. If you’re looking in the higher-end affordable luxury market, or the real luxury market you will be hard-pressed to find a better value for your dollar.
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The four broad categories of expenses to look at when calculating the exact price of a car, EV or otherwise, are fuel, insurance, maintenance/repairs, and depreciation. The first three are out-of-pocket expenses that require you to spend money however depreciation is the largest of the four categories by far. The main difference with depreciation is that you don’t spend this money, rather, you lose the money when you go to sell the vehicle. Unlike other ICE cars or EVs I bet you won’t want to actually ever sell your Tesla, but in case you do, I wanted to provide some insight using the data I found.
The data from Autolist.com shows that when comparing a Tesla Model S to other luxury vehicles with a similar price tag, it retains its value from 30-60% better over a span of 30-100k miles. Since the Tesla Model S engine is rated to go nearly 500K miles the typical comparison of five years doesn’t really make sense since it would be almost impossible to drive that distance in that time.
If you’re considering a new Tesla Model S or X and this analysis helped you let us know with a comment down below! And don’t forget you can sign up for our weekly updates on our site, as well as get $1,000 off that new Tesla purchase using our referral code found here (http://bit.ly/2lft6KP)
Supercharger Map – http://tabsoft.co/2jTwTBf
Model S Calculator – http://bit.ly/2lfjvUo
Teslarati Ins. Claim – http://bit.ly/2jTKgRO
Consumer Reports Rating – http://bit.ly/2lfiv2H
KBB Cost to Own – http://bit.ly/2jTG1G7
Autolist Homepage – http://bit.ly/2lfrQrf
Tesla Depreciation Graphic on Autolist – http://bit.ly/2jTN9Cj
Elon Tweet – http://bit.ly/2lfg6ou