Why Model 3's Price Is The Most Misleading Number In Automotive History!


Comments • 482

  • Stephen Rowe
    Stephen Rowe  9 hours back

    The only issue I see is that most Camry owners finance their vehicles. This means paying more interest and even with good credit would be 3% (most will probably be higher). I think this should be factored in since it would raise the cost of ownership of both vehicles and probably making the Tesla more expensive.

    • westerntui
      westerntui  17 hours back

      Its not a luxury car its an expensive car

      • Hans Hirsch
        Hans Hirsch  24 hours back

        .030 cents per mile? That is three cents. Not Thirty.

        • Zoltán Kiss
          Zoltán Kiss  1 days back

          Battery cars are not cheaper then benzin cars (fuel, maintenance purchse costs etc), that is the current problem. Even if You steal the electricity, in this case You can be maximum at the same costs after 10 years, after that battery car will be out of order.

          • Michael Hilliar
            Michael Hilliar  1 days back

            Is it 30 cents per mile or 3 cents per mile, I believe your “.030 cents per mile” slide is incorrect. 30 cents per mile would be written as “.30 cents per mile”

            • JH H
              JH H  1 days back

              Tbh any EV is just bland to drive so keep that in mind

              • cesar reyes
                cesar reyes  1 days back

                I'm sorry but I don't believe the fuel/ electricity amount on the tesla. Electricity is expensive too. It seems too low. Maybe it varies state to state and where would you charge it if no place near you has charger?

                • Tac81
                  Tac81  1 days back

                  Where can I get the gif/video of just the "U.S. sales of premium midsized sedans (cumulative, since January 2018)"?

                  • Lucas Chen
                    Lucas Chen  2 days back

                    ALSO The average Model 3 insurance cost across 150 ZIP codes is $2,814 per year, which is $35 less than the cost of insuring a Porsche 911, according to Gabi Personal Insurance Agency Inc., an online insurance shopping site.
                    your 5600$ for 5 years is Bullshit. And Wats to Maintenance for a new camry for only 5 years? Tires? ill say 2000$ for maintenance sounds about right.

                    • mana9013
                      mana9013  2 days back

                      How's insurance cheaper??? For me insurance cost 500$ more per 6 month

                      • Royvan Broadnax
                        Royvan Broadnax  2 days back

                        I only care about the monthly payments. That's where the differences is.

                        • Alex Soto
                          Alex Soto  2 days back

                          I have a 2015 Chevrolet Spark EV. The only thing I can complain about it is the range. I have about 80 miles if I go from full battery to depleting the battery completely. I try not to go below 20% or the indicator for it which is 2 bars out of 10 before charging.

                          I have a subscription for EVgo which I pay $7.99 a month and each charge costs me 23 cents a minute. On average I pay between $27 and $50 a month for charging. When I drove my Corrolla I would pay $30 to $40 each time I fill up the tank. I put gas in that car like twice a month sometimes 3 times.

                          I live in Southern California and it's hot right now. I use the AC a lot so that depletes my battery considerably.

                          I've had it since November and only serviced it once for a software update. The attendant said it would need to be serviced every 7500 miles. I don't think even that maybe more miles in between. On servicing alone I've saved money.

                          My Spark is small, but for my needs it's perfect. My commute to and from work is a little over 5 miles. All my shopping and leisure stuff is within a 5 miles radius the farthest trip I've ever taken it was about 70 miles round-trip from Riverside to Santa Ana, CA.

                          Eventually I'd like to own a Tesla, but I'm pretty happy with my Spark. Sorry for the long post. Thanks, Alex.

                          • Franz Litz
                            Franz Litz  2 days back

                            Great video. Jaguar is a British car, not a German car.

                            • Like Tesla
                              Like Tesla   2 days back

                              Never said it was, I said “top 3 German competitors”

                          • Daulton Newkirk
                            Daulton Newkirk  2 days back

                            An outstanding video .

                            • captiantim1
                              captiantim1  2 days back

                              I'm a numbers guy and I drive a Camry ,

                              • AllenRay Pimentel
                                AllenRay Pimentel  3 days back

                                I'm actually due for an oil change, on my lexus hybrid. 😣

                                • T Blanco
                                  T Blanco  3 days back

                                  It might be a solid car but if had the money would put all the stuff in an Audi..then it would be an amazing car with supreme sexy appeal 🔥🔥🔥🔥🔥

                                  • Agathorn
                                    Agathorn  3 days back

                                    To bad Model 3 seems to have paint issues with rust as an issue because of it. Especially in colder climate countries like Sweden/Finland. I´d like one but I´m hesitant.

                                    • Agathorn
                                      Agathorn  2 days back

                                      I have seen reports of cars delivered this spring who is having these issues. Also very poorly handled by Tesla who is refusing to take care of its customers and have the affected vehicles repainted. If they make mistakes during production they should be held responsible and fix it.

                                    • Like Tesla
                                      Like Tesla   2 days back

                                      It’s one of the best selling cars in those countries! The issues you speak of were resolved around 12 months ago with early builds. This has been well documented here and elsewhere.

                                  • Mike Robinson
                                    Mike Robinson  3 days back

                                    I know that study you quoted isn't your making but how can the tax tags and license costs be so different?. Shouldn't they be linear?

                                    • The Flap Jack Aviation

                                      I told my mom I wanted a model 3. She said it was too expensive. I told her the safety rating and she said “Get that car!”

                                      • webcomment
                                        webcomment  3 days back

                                        I know some Tesla owners are skipping maintenance and getting away with it, but if you actually follow Tesla's recommended maintenance schedule at a Tesla service center rates, it's much more expensive to maintain than a Camry.
                                        A BMW has 4 years of full maintenance included free.

                                        • webcomment
                                          webcomment  2 days back

                                          @Like Tesla That's good then.
                                          BMW still has 4 years of free maintenance including tire rotations though.
                                          That must be why a BMW 3 Series wasn't included in the cost comparison chart.
                                          The costs of setting up your home for EV charging should also be included with comparing to gas vehicles.

                                        • Like Tesla
                                          Like Tesla   3 days back

                                          They recently did away with their regular annual maintenance schedule. Now just tire rotations every 7-10k miles is your main guideline.

                                      • Anthony
                                        Anthony  3 days back

                                        I’m sorry but how does insuring a 25k Toyota cost more over 5 years than a 40k Tesla? I get the safety aspect, and how it’s hard to steal one and all... but it’s a 40k vehicle... it’ll cost more for them to repair and replace in the case. 🤷🏻‍♂️ I

                                        • webcomment
                                          webcomment  2 days back

                                          Yes, that makes zero sense.
                                          Collision repair costs on Tesla's are insane.
                                          I think some insurance companies underestimated repair costs and will make adjustments in the future to better cover their actual historical claim payouts.
                                          People who have cheap insurance on their Tesla's today need to brace themselves for future insurance risk class reclassifications.

                                      • The Sparkster
                                        The Sparkster  3 days back

                                        All new Tesla orders would not be eligible for the tax credit.

                                        • John Weag
                                          John Weag  4 days back

                                          The same story, everytime: Being poor is expensive. Not having the money to pay up front, you have to buy cheap and endure the significantly higher total cost of ownership.

                                          • Dennis Verhagen
                                            Dennis Verhagen  4 days back

                                            60,000 Tesla miles for $900?
                                            I want your friend Rob’s electricity rate of 5 cents per kWh! (15 cents per kWh is the US national average electricity rate).

                                            Being able to charge for free at your workplace seems to be the only way you can get 60,000 miles worth of electricity for $900.
                                            Even Loupventures’ comparison of Tesla vs Camry seems to use 7.5 cents per kWh, still half the national average.

                                            • Franz Litz
                                              Franz Litz  2 days back

                                              Dennis Verhagen. I pay less than 5 cents per KWh because I have a nighttime time of use rate. As long as I charge overnight (beginning after 11pm) I pay the lower rate. This varies by utility service area but these voluntary time of use rates are increasingly common—especially in states that otherwise have the higher electricity rates.

                                          • Dilan Hunt
                                            Dilan Hunt  4 days back

                                            I wonder what happens to these calculations when you only drive 3000m a year

                                            • joseph Berry
                                              joseph Berry  4 days back

                                              I work for Audi, all I can say is that you all will be amazed.

                                              • Jason Fong
                                                Jason Fong  4 days back

                                                Thus far my cost for running my M3 compared to my Accord has actually saved my $$$ on a month to month basis after subtracting my car payment. Previously my gasoline bill, oil/fluid changes would average out to $300/month. With my M3 I'm spending about an additional $20 in electricity. My insurance showed maybe a $30/yr increase, but that's to be expected with any new vehicle purchase. The only major cost I've had with my M3 is my new windshield. Previously with the accord it cost $250 to replace. Got a Rock chip long weekend that couldn't get fille. Cost my $1164.00 CDN to have it replaced.

                                                • Richard Servello
                                                  Richard Servello  4 days back

                                                  The other thing that people fail to understand is that the Model 3 is NOT the only option. I bought a Hyundai Ioniq....my monthly payments are a couple hundred a month less than the Model 3....I've owned it since Feb...I've driven almost 8000 miles and, since I've had the ability to charge at work and other free stations...I've spent less than $100 in fuel costs.

                                                • Aaron Cowley
                                                  Aaron Cowley  4 days back

                                                  Ya but when you can't afford to drop 50k you go with a cheaper car. Plus this dosen't figure the cost of the home charger wiring the home for charging a Tesla ect..

                                                  • Brian W.
                                                    Brian W.  4 days back

                                                    Just picked up our used 2018 Model 3 a month ago. Had 2200 miles on it we have put 4300 more on it since then. Owning a Model 3 is so awesome in so many ways. We just took a trip to North Carolina, a 1400 mile round trip. Total charge cost for the trip ....... $36.76 to travel over 1400 miles. Nuf Said..... Get a Tesla.

                                                    • Bill
                                                      Bill  4 days back

                                                      Can the United States' power grid handle all these power requirements when it's finally massed produced and everyone has one? Or should I wait for hydrogen fuel a much cleaner alternative than these cars?

                                                      • Like Tesla
                                                        Like Tesla   4 days back

                                                        Yes, only because when it is mass produced for everyone our power grid structure will need to be different.
                                                        It only takes a solar array the size of a tiny portion of a small US state to power the entire US demand. Auto makers like Toyota have canned there hydrogen fuel plans and are investing in electrification as well so not sure if fuel cells are being pursued nearly as much as BEV’s

                                                    • Paul Edel
                                                      Paul Edel  4 days back

                                                      Hey Kim, here’s a great video you can add for those thinking of buying a new car. It will help them consider their monthly payments. Watch the video and then use the calculator to figure out the monthly cost difference between an EV and an ICE car. After all, you can’t just think about the financing terms of the deal you get, regardless of the car you get, you also have to consider how much it will cost you to drive that investment per month. Add it all together to come to a final average number. Here’s the link to the video from YouTube user The Tech of Tech: https://youtu.be/BTYd7TG9d_I
                                                      And here’s the link to the handy calculator he created: https://api.ucalc.pro/api/213957

                                                      As far as sales, did you know that in the US in 2018 Tesla sold more cars than all but three of the luxury car manufacturers?
                                                      Check this carsalesbase link out. If you run the sales for last year, 2018, Tesla sold more cars than all but 3 of the luxury brands in the USA: http://carsalesbase.com/car-sales-comparison/#

                                                      That’s ALL the models of each brand put together. In other words, Tesla sold more cars in the US last year than all Acura cars put together; more than all Infinitis, all Lincolns, all Cadillacs, all Jaguars, etc. The only 3 luxury brands that beat Tesla when all their models were combined, were all Audis put together, all Lexus’s, and all BMW’s sold more than Tesla.

                                                      On the link above, on the left hand side, you can compare up to 8 manufacturers by country or region. To get a good visual graph, select the year range for, let's say 2015 through 2018. To compare more than the given three, just hit the “ADD NEW MODEL” text. Once you have 8,
                                                      Select US for the region,
                                                      select the manufacturers,
                                                      then “All Models” for each of those manufacturers,
                                                      then hit “SEE GRAPHS”.
                                                      And keep in mind all those manufacturers have many, many more models than Tesla, which has just 3.

                                                      And that was 2018. This year Tesla could very possibly top the list. Just look and Tesla’s graph. It’s shooting up like a rocket. This has made all manufacturers scramble trying to get their own electric cars into production as soon as possible, and as cheaply as possible due to the model 3, or be left behind (which they already are), or just plain fail altogether. Remember what happened to Nokia in the cell phone world when they failed to switch/respond to smart phones in time? They were by far the number one cell phone maker worldwide at that time. It wasn’t that long ago.

                                                      • Teru room
                                                        Teru room  4 days back

                                                        女性のTesla fanってなんだかイイね😆

                                                        • Jason Mccullar
                                                          Jason Mccullar  4 days back

                                                          Thanks for this Kim.

                                                          • Inazuchi
                                                            Inazuchi  5 days back

                                                            Could you do a video about setting up a home charger in an older home? Trying to convince my dad to buy a Model 3 but he lives in an older home with some faulty electricity and we have no idea how he might go about having it installed/what the costs would be for doing so. Thanks so much & I love the channel!

                                                            • Like Tesla
                                                              Like Tesla   4 days back

                                                              Its not that complicated. Typically costs $4-600 and an electrician essentially just installed a dryer plug in your garage. Alternately, you can just plug it in to your normal wall outlet and it will charge about 30 miles of range per day without any specific outlets.

                                                          • Cory Schraner
                                                            Cory Schraner  5 days back

                                                            5 years is comparable until you have to put a battery in one. $$$$

                                                            • Dba CFO
                                                              Dba CFO  4 days back

                                                              warranty for 8 years and it is said to last 20 years

                                                          • Devon Culleton
                                                            Devon Culleton  5 days back

                                                            Do a 20 year ownership once you have to replace that battery

                                                            • Alexander Burch
                                                              Alexander Burch  2 days back

                                                              And replace the engine in the ICE car (maybe twice).

                                                          • Philip McMillan
                                                            Philip McMillan  5 days back

                                                            Excellent job on the video! Thank you for sharing. I own an EV (2015 BMW i3) and I came from a 2012 BMW 3 series. It now costs me about $20-24 per month in electricity where I was paying roughly $200 per month in gas. And maintenance is WAY less - probably saving $1500 a year. I’m def a car guy but there is no doubt in my opinion that an EV is a far superior form of transportation than ICE cars. Looking forward to getting the Model Y!

                                                            • Yash C
                                                              Yash C  5 days back

                                                              I spent $24 on electric last month versus $190 on gas! #LoveMyCar

                                                              • MOSES & TATI
                                                                MOSES & TATI  5 days back

                                                                Who else loves Tesla cars OMG The BEST we love ours! 🙋🏼‍♀️

                                                                • peterbmt123
                                                                  peterbmt123  5 days back

                                                                  Yes but intelligent people never buy brand new cars, always 2-3 years older.

                                                                  • tweetweettiger
                                                                    tweetweettiger  3 days back

                                                                    more like 3-5 after the 3 year lease is up.

                                                                • Investing Hustler
                                                                  Investing Hustler  5 days back

                                                                  So not only do you save money in the long run you also become a part of a special breed that is helping to make our planet a cleaner place 🌎

                                                                  • kjh789az
                                                                    kjh789az  5 days back

                                                                    Thanks! This is a pro-Tesla US orientated chanel and you are upfront about this. I'm a UK EV owner and would like to buy a Model 3, but the price point here is ambiguous. Let me explain. The UK car user tax level controlled by the government, sets a trigger at 40, 000 pounds sterling when higher so called Road Tax applies. This is key as below this figure EVs are totally Road Tax exempt. Tesla originally priced the UK Model 3 and triggered the Road Tax as it came in at over 40, 000 pounds. This included a national government 3,500 pound EV incentive discount.

                                                                    A recent price adjustment - why don't they say 'cut' ? - appeared to recognise this issue. But, when I did the maths for an order of a UK Model 3, the total still came in at over the trigger figure of 40, 000 pounds. Yikes! Had I made an error? I re-checked. No. Then I found a couple of reputable YouTube channels which confirmed my figures. Its very difficult, near impossible to contact a Tesla dealer about the numbers, as it is to confirm delivery timelines in the UK. So, I;m not reserving my Model 3, as contrary to common knowledge, my head is ruling my heart on this potential purchase. Can you throw any light on the UK Model 3 pricing, and, delivery times? Thanks.

                                                                    • William Arrington
                                                                      William Arrington  5 days back

                                                                      I like how no one understands the one hidden cost for a tesla. Tires. Your going through them twice as fast as other cars. Thats a minimum of $600 plus alignment ever 20k miles

                                                                      • Wilderness Excursions
                                                                        Wilderness Excursions  5 days back

                                                                        These 5 year numbers are pretty skewed towards the Model 3. Certainty not using the average mileage or cost of fuel in America. When cherry picking numbers, it's easy to get the desired outcome. The higher the city mileage and the higher overall mileage, the better the numbers look towards the Model 3. $4000 repair and maintenance for the first 5 years for a Camry seems pretty high as well. Purchase price and resale value? Everyone knows that you can purchase a vehicle below the asking price, with the exception of Tesla. Those projected resale values are completely out of wack too. If you want a true estimation on the projected resale value, you simply do your study based on the available lease rates with the same terms and the same money down. But the craziest numbers are the insurance rates. In what planet is it cheaper to insure a Model 3 over a Camry? But at the end of the day, none of this matters because a Model 3 and a Toyota Camry has completely different customers. The Model 3 appeals to the early adopters, people looking for crazy torque, and the people looking for the latest tech. The Toyota Camry appeals to the people who are mainly concerned about reliability. They don't care about the latest tech or 0 to 60 times. They just want a super reliable vehicle with a comfortable ride. They also don't want a vehicle that only has 220 miles of range and still limited places to charge. At the end of the day, it's good that customers have these choices so they can pick the vehicle that's right for them.

                                                                        • Gary s
                                                                          Gary s  5 days back

                                                                          Just did a referral

                                                                          • Savran Organics
                                                                            Savran Organics  5 days back

                                                                            Can you please please please factor in the BATTERY REPLACEMENT COST too to the total operating cost of the vehicle... Just kindly asking! :)

                                                                            • web guy
                                                                              web guy  3 days back

                                                                              Savran Organics and lets see hmm your calming BMW or Chevy these companies who have no interest in climate change more honest? ROFL. Watch tesla take all of these down one by one if they don’t move to EVs soon. In half a decade or soon tesla will be #2 worlds most valuable auto company bu market cap and in another 5 yrs they will surpass Toyota

                                                                            • web guy
                                                                              web guy  3 days back

                                                                              Savran Organics if the dealer is really dumb then sure he won’t get it. When a EV can go 500k miles and a trade in comes in at 100k miles then yeah it’s super dumb.

                                                                            • web guy
                                                                              web guy  3 days back

                                                                              Savran Organics as I said people still need to educated about EVs. You still ignored the response I posted to your earlier comment. This is not religious brain wash this is common sense and people can’t see it which blows my mind. People call Elon a fraud but the reality is he is smarter that most people out there that has revolutionized multiple industries in bis life time.

                                                                            • Savran Organics
                                                                              Savran Organics  3 days back

                                                                              @web guy How much it costs to drive on diesel for 500K miles depends on prices in your country. We pay European prices here, which are 2-4 times higher than US prices, for one thing. Secondly I still doubt you would pay more than 20K USD for diesel, even in the US. Assuming, they are the same, consumer still saves or gains nothing. How these batteries are completely recyclable is very unclear. Especially for Tesla. They use hundreds of these small aluminum covered cylinders. When carbon anodes within those cells crack and wear, how easily are you going to tear open all those tiny batteries and re-cycle them? You will have throw it all into a shredder and then try to chemically separate different compounds from each other. That is not a clean or easy process. In that regard, BMW, and Chevy using regular car battery size cells are more honest and foresighted. That is a size you can open, physically separate things, replace anodes, etc. My suggestion is to never worship any company or individual, just because they give lots of materials to feed media circus. EVs will really take of when something more durable than chemical batteries is finally developed.