Tesla is an auto brand founded in California by the notorious Elon Musk. Elon co-founded PayPal and also owns SpaceX – the company with a mission to colonize Mars.
While Elon is dreaming of Mars, he builds electric cars. Tesla current makes two models of cars – the Model S and the Model X. The S is a large sedan and the X is an SUV. These cars are renowned. They are safe thanks to their aluminum construction. Also, there’s no gas tank to blow up and no engine that tries to join the passengers during a front impact collision. These cars are also fast – some trim levels going 0-60 MPH in as little as three seconds – that makes the Model S one of the world’s fastest sedan – electric or gasoline. The cars are also extremely spacious since the batteries are beneath the floorboards and the drive components fit into a space about the size of a watermelon. Also, these cars are easy to maintain. You only need to worry about the wiper fluid running low. Did I mention that these cars can drive themselves? Yes, thanks to the recently introduced autopilot feature. I could go on…
Obviously, these are great cars. So why isn’t everyone driving them? One word: Price.
The cars are expensive. As is all new technology. The Model S and Model X can be had for under $100,000 but many trim levels are $100,000+. And you’re mainly paying for the technology. The vehicles aren’t nearly as luxurious as other cars at the same price point.
But what now? As I write this, orders for the Model 3 are now open. What’s the Model 3? The Model 3 is a car that takes all of the major positives of owning a Model S or X and puts them in an affordable car. Tesla is now nearly ready to begin producing a mass-market automobile. Should you buy?
The Model 3 will begin rolling out of the California factory in late 2017. The price? $35,000. I know that may sound like a lot. But here’s why it isn’t.
With all the benefits mentioned above, it’s easy to see that at $35,000, this would be the best car you can own for the money. But it gets better. Most people actually won’t need to pay $35,000. Depending on the state you live in, you are eligible to receive up to $10,000 in tax credits for having an electric car. This would bring the price down to $25,000. That’s comparable with entry-level sports cars like the Subaru BRZ or the Mazda MX-5. But wait. There’s more.
You also never need to pay for gasoline. Ever. You just need to pay for electricity which is cheap in comparison and even free at Tesla charging stations. Did I mention this car is better for the environment than most? You’ve got to love it when a car is good for your wallet and good for the environment.
If you drive a lot (I don’t) I strongly encourage you to buy a Model 3 for the above reasons. It’s slated to be a terrific car. To reserve one, you can go to Tesla.com and put down $1,000 which is refundable. Hurry if you want to get your car next year. You will likely have to wait until 2018 though. As of this writing, they already have hundreds of thousands of buyers who have put down $1,000 – and the car was just unveiled recently.
So should you buy a Tesla? It would be hard to justify a Model S or Model X, though we should be thankful to those who bought them. After all, they paid for the research and development of the Model 3. But now that the Model 3 has all but arrived, I can suggest that yes, it’s worth buying. I would buy one if I drove more.
Can you justify the price of a Tesla Model 3?
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