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TRUE Cost of a Tesla Model 3 (After 10,000 Miles)

Published on Sep 6, 2018 1,229,759 views

After 10,000 miles here's how much it has cost me to own & drive a Tesla Model 3
Ordering a Tesla Model 3? Get FREE Supercharging ➡️http://geni.us/t3sla

Best Model 3 accessories on Amazon: http://geni.us/tV1EvF
Full Model 3 Review: https://youtu.be/47OFb8786ko
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These numbers are all based off my personal experience so it's not going to be the same for everyone but at least it will give you an idea of the costs and how much a difference it is driving a #Tesla compared to an internal combustion engine vehicle. I’m going to compare my #Model3 acquisition to what it would be like if I kept driving my 2007 Pontiac G6.

The total cost of my Long Range #TeslaModel3 was $56,000. I also had to pay $3,422 for taxes. I am getting the full $7,500 tax credit but my car insurance increased by $500/year so assuming I keep my Model 3 for at least 5 years that brings it to $54,422.

However we also have to calculate the cost of installing a home charging outlet. This cost heavily depends on your particular location and how difficult the install is. My NEMA 14-50 outlet cost $900 for a professional electrician to install, which is on the expensive side because my box was the furthest possible distance from my garage so they had to run cable underground which increased the price.

That brings it to a grand total of $55,322 upfront cost for my First Production Long Range Tesla Model 3, assuming I keep it for at least 5 years.

How much does it cost to charge & drive a Model 3 compared to buying gas? My Model 3 is at 10,400 lifetime miles and it’s averaging 233 Wh/mile. So far I’ve only spent $20.29 on four Supercharging sessions, and that resulted in approximately 700 miles of range which means the other 9,700 miles traveled were from charging at home in my garage. To find out how much it’s cost to travel those 9700 miles we need to calculate my electricity rate along with the Model 3’s charging efficiency. My off-peak electricity rate when I charge my car at home is $0.06882 per kWh.

However, 100% of the electricity doesn’t make it into the car’s battery when charging at home. This is true for all electric cars. Edmund’s is doing a long-term test drive of the Model 3 and they're measuring the average wall-to-wheels efficiency. So far from their tests they’ve seen an 83.3% charging efficiency (meaning only about 83% of the electricity makes it from the charging cable into the car battery). And if we also account for the amount of battery that depletes as the Model 3 is just sitting somewhere not plugged in (I’ll make a guesstimate and say 3% is a fair assumption for vampire drain), that brings us to 80% total charging efficiency.

So 9,700 miles at an average of 233 Wh/mile with an electricity rate of $0.06882 per kWh with an 80% charging efficiency equals $186.65. And if we add the $20.29 I’ve spent on Supercharging that comes to a grand total of $206.94 spent to travel 10,400 miles in my Model 3.

If you compare that to my 6-cylinder automatic transmission 2007 Pontiac G6 which averages 21 miles per gallon and using the current average cost of gas in my area which is $2.77 per gallon, the total cost to travel 10,400 miles would be $1,371.81. That means I’ve saved almost $1,200 over 10,400 miles or maybe it’s better to say that’s $1,200 I’ve stopped having to give to gas stations since getting my Model 3. And I’m not driving a car that puts out any emissions which feels great.

Also keep in mind there are free apps like PlugShare and ChargePoint that show you locations of thousands of public charging stations, most of which are completely free for anyone to charge their electric car which is something that just doesn’t exist with gas stations.

Also I’ve saved so much time from not having to stop at gas stations during my normal weekly driving. It takes me 5 seconds to plug in my Model 3 in my garage. When I drove a gas car I had to get gas at least once or twice per week, and each stop took around 5 minutes. So over the course of a year that’s a huge amount of time saved from not having to stop at gas stations.

We could also get into the money saved from oil changes and maintenance but that's another story. So far I’ve paid absolutely $0 in maintenance for my Model 3 so hopefully that continues. It’s been a fantastic car after 10,000 miles and it’s still just as much fun as the day I got it. I hope you enjoyed this detailed look into how much owning and driving a Tesla Model 3 actually costs.

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10,000 Miles in a Model 3: The TRUE Cost of Driving a Tesla

Comments
  • Andy Slye
    Andy Slye 1 месяц назад (изменено) Ordering a Tesla Model 3? Get FREE Supercharging ➡️http://geni.us/t3sla Already ordered? Simply give this code to your Tesla rep: aaron86762
  • BigCooter.com
    BigCooter.com 1 месяц назад Why?? the Tesla Referral Program ends in 2 days.
  • thishadowithin
    thishadowithin 1 месяц назад Do you own stock in Tesla?
  • Nailah Rose
    Nailah Rose 1 месяц назад (изменено) Andy Slye so proud of you! Thank you for this informative video. Keep up the hard work!
  • Mister Tea
    Mister Tea 1 месяц назад Andy Slye has the most memorable face, imho.
  • Whats the frequency Kenneth
    Whats the frequency Kenneth 2 недели назад It amazes me how many people think they were GIVEN MONEY when they received it back in "incentives" for purchasing a given vehicle. It's not unlike when they are "given money" after filing for their tax refunds.
  • Mister Tea
    Mister Tea 2 недели назад It amazes me how much dumber people get as time goes on.
  • Whats the frequency Kenneth
    Whats the frequency Kenneth 2 недели назад Oh, tell me about it!
  • Clarence Maggazz
    Clarence Maggazz 6 месяцев назад Like your clean video with no irritating stuff like music and flashing graphic
  • Andy Slye
    Andy Slye 6 месяцев назад Thanks for watching!
  • game bosan
    game bosan 5 месяцев назад Yeah.. because can hear clear information
  • Interesting World
    Interesting World 3 месяца назад Yuh, and right to the topic too. Unlike other channels where they go into the title's topic after like 20minutes of talking nonsense
  • Emily00Strange
    Emily00Strange 4 дня назад @Interesting World - I agree, that's why I clicked on this video. I'd seen it was short, figured he'd get to the point faster lol.
  • Na Cl
    Na Cl 6 часов назад (изменено) +straight to the point, fast and clean transitions between.**amount of time I saved watching this video is unbelievable.
  • status45
    status45 4 дня назад Thanks for not yelling, every damn YouTuber is screaming in these vids. And thanks for no stupid intro.
  • Toppins
    Toppins Неделю назад Big companies hire high profile celebrities to endorse their product, but Tesla saves that money because Elon is THAT celebrity.
  • ZeldaMaster 333
    ZeldaMaster 333 Неделю назад Toppins very true
  • DNF phobia
    DNF phobia 6 дней назад Elon is better than a celebrity
  • Steve
    Steve 4 дня назад Toppins I kick your fucking teeth in
  • J Robledo
    J Robledo 3 дня назад This guy sooo easy to listen to and straight to the point no 30min video 👍🏽
  • nicolas gerrald
    nicolas gerrald 12 часов назад Technically if you are plugging your Tesla in at home, you are still using coal to make electricity. The only way to be 100% zero emissions is to only use solar.
  • Jamal Daramy
    Jamal Daramy 11 часов назад Alternatively op's electricity could also be from hydro or wind depending on where he is located. Which in that case would still make his Tesla driving 0 emissions.
  • Power button
    Power button 8 часов назад @Jamal Daramy To make electricity u have to build the machines that get you energy from wind and hydro. So its not 0 emissions.
  • Barrett Abney
    Barrett Abney 1 день назад Hello, my old stomping grounds! [Was raised in Lexington. Miss it terribly. ]
  • Miguel Caldeira
    Miguel Caldeira Неделю назад Haven't watched your videos for a while but you keep being awesome. Great video! Will come more often for sure. And just shared this one with a few friends and family, Model 3 owners as well.
  • Andy Slye
    Andy Slye Неделю назад Thanks Miguel!
  • TheDaily
    TheDaily 2 месяца назад That up front cost is pretty steep. I’d love a Tesla but 55 grand I could prob get a used motorcycle, a civic and a truck and drive them all.
  • Jonathan Oliveira
    Jonathan Oliveira 10 часов назад Congrats you spent 60k on a car to save 1200 in gas, you played yourself
  • fab0
    fab0 4 месяца назад youre also forgetting how much money you saved by not buying doritos, coffee etc, when stopping at the gas stations lol
  • Andy Slye
    Andy Slye 4 месяца назад Some of the best financial advice I've ever received was: Save before spending, only drink water when eating out, and only buy gas at gas stations :)
  • fab0
    fab0 4 месяца назад @Andy Slye yep, me too :) but it still happens occasionally, for the average user probably too
  • nickys34
    nickys34 3 месяца назад He is not saving anything. He bought less car. Electrics can't do everything. Like go to the middle of nowhere to get away from it all for a bit and clear one's head. Work and home is all they can do. Then there is that whole battery replacement. Which means zero lifetime savings. lol!
  • fab0
    fab0 3 месяца назад @nickys34 yeah youre totaly right. Electric cars dont have to undergo oilservice or chain change every 150k km or so right? and through the charging ports you can ONLY do 500km/piece in a tesla. Impossible to get further than work within 250km right? Not even in Tokio, the biggest fucking city on planet motherfucking earth.... get lost moron
  • nickys34
    nickys34 3 месяца назад @fab0 An oil change is 60 bucks a year you retard and timing chains last the life of the car. Plus Tesla has a yearly service. And go to the middle of nowhere you retard to get away from it all. Which means outside of the city and suburbs. Lots of the people do that so they don't go crazy. But you can't do that with an electric. Plus you can't drive it fast if you are in a hurry because faster and quicker driving means a lot less range. And then you got wait nine hours to recharge. Basically you have to be a robot to make it work and for nothing. Battery replacement eats up any measly lifetime savings. Plus you can't drive it in the city. There is no charging on the streets. Most people park on the street. So it is a city car which you can't run in the city. lol!
  • John George Bauer-Buis
    John George Bauer-Buis 3 месяца назад nickys34, look at the supercharger map (such as at supercharge.info ) or an even more comprehensive charging map (plugshare.com ), and you'll find that the only 'middle of nowhere' you can't go is certain areas in the southwest desert, in which fuel stations are scarce anyway. 200 miles + fast charging is no city car.
  • nickys34
    nickys34 3 месяца назад @John George Bauer-Buis Yeah well the desert is where you go to get away from it all. Lots of people go to the southwest deserts now. The back roads are not covered. The remote places are not covered. Just the major highway routes. Then they only have a few superchargers. However with the hour fill up, you are gonna need more superchargers than that with the Model 3 out. A lot more. Then he supercharger stations are in sketchy industrial locations. You want wait one hour in such an area? Gas stations are in prominent locations on main through fares. Then it is not even a city car. Everyone parks on the street in the city. Furthermore the range is if you drive normally. But with all the traffic these days, everyone drives like a bat out of hell. However that will drop your range considerably. Plus there is that whole don't drop below 10 percent charge and charge above 90 percent. All the people driving EVs now are rich lberals writing their next book or something. So it works. But they won't work for the average American. Complete waste of money by the Government.
  • RandomTran
    RandomTran 3 месяца назад I never go inside gas station convenience stores. I always wait by my car anxiously watching the price go up.
  • nickys34
    nickys34 3 месяца назад Yeah with the hour supercharger waits, you will be going to restaurants you rtrd.
  • Necrotic Reaper
    Necrotic Reaper 3 месяца назад (изменено) @nickys34 Some citys actually have electric charging stations, and I'm pretty sure you're are suppose to do more than one oil change a year. No wonder people's vehicle are falling apart.
  • Bill Pletch
    Bill Pletch 2 месяца назад Stupid comment not even any thought.
  • nickys34
    nickys34 2 месяца назад @Necrotic Reaper Oil changes are thirty bucks and there is nothing else. Perhaps they shake they dust off your filter. And you think incompetent and broke local governments would provide a charging station for everyone that wants one if electrics proliferated? lol! No gas stations would have superchargers and they would tell you the go there. But they are going to charge profit. So there goes any supposed lifetime savings.
  • Necrotic Reaper
    Necrotic Reaper 2 месяца назад nickys34 In the oil belt with a family car maybe. I drive a Camaro and the cheapest I’ve found on regular oil is $40, but I put synthetic in my baby so it’s more like $80. I know some other places people are paying over $100 for the same so that be about $50-60 regular. Several already have, and they don’t have to pay anyone to keep it running just the electricity which will probably be paid with taxes.
  • Eduardo Silva
    Eduardo Silva 2 месяца назад @Andy Slye "only drink water when eating out" can u explain me that?
  • symelian
    symelian 2 месяца назад @nickys34 are you actualy comparing a new tech that's developing lightning fast and spreading it's service network just now to something that had more than a hundred years time to do so and comparing it as it's at even footing .... ? Really? The service network is growing so fast that what you're complaining about is just a few years away .... Ridiculous
  • woswas denni
    woswas denni 2 месяца назад @symelian its not about the charging stations. the real bummer is winter. the battery heater needs the car to be connected to a high power outlet or you loose a real huge junk of your charge. also it rapidly adds up to the drivign costs. as tesla batterys are really badly insulated, hell they are not even water tight. this problem is sepcially bad in teslas. curious to see how bmw gonna solve that. all in all, you loose a lot of money. that 1200$"savings" are not really saved as fort he much higher price compared to regular cars in the same class. because the battery is so expensive the budget for the manufacturer for the rest of the car is somewhere in the 25-30k cars range. if youre lukc ynad drive 200tsd miles then you can break even
  • Jason N7
    Jason N7 2 месяца назад (изменено) @Necrotic Reaper Don't bother explaining to the real retard. nickys34 is just sharing his retard thoughts to sound smart and pretends he knows shit. He's obviously driving a piece of shit family car. I drive a Skyline... and oil changes definitely ain't $60.
  • Alex Chandra
    Alex Chandra 2 месяца назад LOL thats actually a very good point especially considering the huge markup in price for gas station goods
  • Vincent Mayville
    Vincent Mayville 2 месяца назад Imagine being such a cry baby bitch that you call people retard on the internet out of nowhere for having an opinion.
  • Cannabis Country
    Cannabis Country 1 месяц назад @John George Bauer-Buis there is one charge station in my entire area. I live in the northeast. Tesla is playing catch up right now because other car manufacturers are putting out much better cars for the half the price. Tesla is not a fucking car, it's a social status symbol. If you really gave a shit you'd just get something better for your money. But nope, gotta show out for the people
  • thatoneguy youmightknow
    thatoneguy youmightknow Неделю назад Ah, I'm a big fan of the ol' rody sody when I stop to fill. I try to stick to Arizona Teas.
  • Mia Z
    Mia Z 6 дней назад @nickys34 tbh electric cars are the future considering the whole environmental aspect of it, and it is developing lightening fast, what you are complaining now could be realized in possibly a few years, besides, the new model is not that expensive, so it is not really a status symbol and lots of people actually like its features and think they are cool. Personally, I think people who really do not like this car are people do not like change
  • Got7 AhGaSe
    Got7 AhGaSe 5 дней назад lmao but my ass going to stop at Starbucks still
  • Po 66
    Po 66 2 месяца назад clearest video Ive seen on model 3, summarises perfectly, well done.
  • Andy Slye
    Andy Slye 2 месяца назад Thanks for watching!
  • Vasanthan Nalinasegrem
    Vasanthan Nalinasegrem 3 месяца назад I’ll wait til the grand total cost is actually 35 grand. As promised.
  • PeanutButterDath
    PeanutButterDath 3 месяца назад It won't, musk want then at 35k and eventually launch more models into space.
  • Vangel Vesovski
    Vangel Vesovski 3 месяца назад Tesla will be into Chapter 7 before that happens. There won't be any $35K Model 3 unless the battery pack is much smaller and some of the features are not included. I like the idea of electric vehicles but the math simply does not work. And neither does the science for that matter. The total resources used to move people over the life of a Model 3 is greater than the equivalent distances covered in vehicles using internal combustion engines. If Andy cared about efficiency, he would have purchased a two-year-old Honda and driven it for another eight years before moving on to the next vehicle using the same strategy. Both the environment and his pocket book would be better off.
  • Vasanthan Nalinasegrem
    Vasanthan Nalinasegrem 3 месяца назад @Vangel Vesovski Now this, is a YouTube reply.
  • Vangel Vesovski
    Vangel Vesovski 3 месяца назад @Vasanthan Nalinasegrem It is an easy one to test. All we need to do is to wait a while and we will see what reality shows us.
  • Paul Ipock
    Paul Ipock 3 месяца назад Same here.
  • Josh Slone
    Josh Slone 2 месяца назад Agreed 35k is reasonable
  • Cole Eaton
    Cole Eaton 2 месяца назад Well the total cost of a model S right now is about that, he has the higher end model 3
  • James Johnson
    James Johnson 2 месяца назад @Cole Eaton What a 2014 model s? A brand new model s with all base options selected (that's smallest motor, stock black color and no enhances auto pilot) is $76k. Big difference.
  • woswas denni
    woswas denni 2 месяца назад well better hope all those ICE cars heated up the planet enough so you dont have snow :)) no serisously, snow is the death of any electric car. those batterys need to be heated, cutting down the mileage by half. you need to high voltage charge that thing while heating to not loose range, and it will addup the costs. worse is if you dont have a heated garage at your destination. ofc you can keep it in your heated garage over night, then again, you might not wanna do that given the hazzard charging batterys pose. still doesnt solve your destination problem in winter and what todo if you battery cools down there. also keep in mind you need to manually clean the windshield and rear window, if you use the wipers you break the mechanic (high qaulity tesla indeed)
  • Dev Yud
    Dev Yud 2 месяца назад Indians are so cheap
  • gargle my cum
    gargle my cum 1 месяц назад @James Johnson actually its $96k, so it's almost 3x the cost of a standard model 3
  • James Johnson
    James Johnson 1 месяц назад (изменено) @gargle my cum Not sure where you're getting that number from. Maybe the performance model. But as I stated, I'm talking about the base model. $80k minus the $3750 tax incentive (which is not upfront). All you have to do is go and look on their website.
  • Darren Pinto
    Darren Pinto 1 месяц назад If battery packs get a bit smaller, even 30 grand is easily achievable. 5 years down the line perhaps.
  • Darren Pinto
    Darren Pinto 1 месяц назад @Dev Yud Saved up on condoms. See her population.
  • joshua kliphan
    joshua kliphan 1 месяц назад Vangel Vesovski you literally have no idea what you are talking about. I work in the tesla factory in Fremont and we have already started. Eat them words boi. Just in case to didn’t see the earnings call the other day, we are still profitable 🙃
  • Moses
    Moses 1 месяц назад That’ll be the Model Ch3ap
  • ChessMasterNate
    ChessMasterNate 1 месяц назад @Vangel Vesovski Some people can't stand for green to succeed. Electric is inherently less expensive. Gas requires very large R&D to develop competitive engines and transmissions often over $1 billion for each. Electric costs a lot now, but later it will be cheaper because there is less to research. The motors are over 90% efficient, there typically is no transmission, the winning strategy is known. Make a "skateboard" the rest is just bent metal, paint, some wires, and plastic. How much can that really cost? The only serious cost is the battery and those will get cheap with continued mass production. Yes, Tesla required a huge investment. Because everything was new. Now the idea can be copied and modified with less engineers, and genuinely mass produced. Tesla may still be with us and making millions of cars or just stay or return to 300,000 cars a year in the luxury market...hard to predict the future. They certainly have the advantage. But there will be competitors, and I dare say not the American car companies of today. How many carriage makers were successful making cars when cars came out? 1, Studebaker