Entries Tagged 'tesla' ↓

Tesla Model 3 Depreciation – A Quick Look

It’s essential to consider the hidden costs of depreciation when buying an electric vehicle. The loss in value affects every make and model to varying degrees. With the Tesla Model 3, depreciation happens, just like every other car.

The primary vehicle depreciation factors include vehicle age, mileage, and condition. “You lose money the minute you drive off the lot” may be cliche, but it points to the massive plunge in value upfront. That’s why it can be advantageous to buy a previously owned car with low mileage – the first owner takes the deepest cut.

A row of Tesla Model S at the auction yard.

The auctions are packed with Teslas. Depreciation is always a factor.

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Car Subscription Service Comparison

Vehicle subscription services offer a compelling alternative to traditional ownership, leasing, and rental. They are useful in situations that prevent long-term commitment. Think of it as an in-betweener for those times when a traditional rental is too expensive and a lease is too burdensome. Need a car for a month or two (maybe six)? A subscription might be right for you. The primary differentiators between car subscription plans include service areas, monthly costs, upfront fees, mileage limits, flexibility, and vehicles offered. A slew of companies have launched in recent years and the marketplace is evolving rapidly.
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Tesla Model 3 Preorder Phenomena – A Week of Livestreams

This past week marked a tipping point in automotive history. According to media reports, Tesla Motors has rolled up over 325,000 “preorders” for the Model 3 Sedan, the company’s least expensive vehicle to date. There’s never been anything quite like it. This is an unprecedented validation that the world is eager for an electrified sedan with 200+ miles of range. It was a brilliantly executed Kickstart that saw the first hundred thousand customers plunk down their $1,000 refundable deposits without ever seeing the car.

As the week progressed, I thought it would be interesting to run a livestream on YouTube to gauge the MPGomatic community’s reaction. I vlogged every day for five days straight, on a variety of topics. The most popular being the second installment, Tesla Model 3: Does the Chevy Bolt Have a Huge Advantage?

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Tesla Model 3: Over 250K Reservations – Is This the Tipping Point?

On March 31st, Tesla unveiled their fourth car, the Model 3* to an unprecedented response. Before the tarp was pulled off the Model 3, over 100,000 customers lined up to reserve a car, sight unseen. Tesla’s first “affordable” boasts a base price of approximately $35,000, 215 miles of range and a 0-60 MPH time of six seconds. As of this writing, more than 250,000 reservations have been taken.

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Orrin Hatch – Plug-In Electric Vehicles 2008

As the author of the 2005 Clear Act that provides incentives for hybrids and alternative fuel vehicles, Senator Orrin Hatch (R-UT) clearly understands and articulates clean energy independence.

After knuckle bumping Brookings’ conference chair David Sandalow as he took the stage at the start of the second and final day of the conference, Senator Hatch laid it clearly on the line, exclaiming his appreciation for attendees who “are at the cutting edge of some of the most important technology in our country’s history.”

He then briefly fawned over the Tesla that was sitting just outside the conference hall …

A half an hour or so before the Senator’s opening remarks, I was doing my own fawning over the beautiful black electric sports car (the CEO’s personal car, no less). I had the good fortune to speak with Tesla’s director of corporate development, Diarmuid O’Connell.

Diarmuid had just shared the news that Tesla is now producing two cars per day, as it works its way up to a goal of ten cars per day, when out of the corner of my eye, I noticed a small group of people stroll up.

The next thing I know, Orrin Hatch is knuckle bumping … me!

The Tesla clearly caught the Senator’s eye. He mentioned his appreciation for the auto maker’s tribute to namesake Nikola Tesla and asked if all Googlers had their own electric sports car.

After good bit of laughter, Senator Hatch inquired about the price. Upon learning of the low six-figure price tag, the Senator mentioned “I guess I’ll have to wait until I’m out of Congress before I’ll be able to afford one …”