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What is the Yearly Cost of a Tesla? My First Year Owning a Tesla Cost Breakdown

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After my first year of owning a Tesla, I decided to take a look back and see what the overall cost was. Of course, many of these figures will vary for you based on your interested rate, loan terms, insurance discounts, and driving habits.

In my first Tesla post I took a look at solely the monthly cost of owning a Tesla (https://www.youtube.com/watch?v=bNKVb_KMh7g) and in this video, I continued the analysis and even extended it. Now I have more data to look at to understand the true cost of owning a Tesla.

The main cost categories I look at are:
- Fuel/Charging Cost
- Insurance
- Loan Payment
- Loan Interest

Overall, I found that I saved over 30% on fuel and paid just under $18K including everything. That amount is mostly in part due to my 3yr term on my loan instead of the traditional longer term loans.

// Question of the day?
- Do you own a Model S or X? How much are you spending per year?
- If you don't own a Tesla, would you consider paying this much?

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// What is a Tesla Model S? (wikipedia.org)
The Tesla Model S is a full-sized all-electric five-door, luxury liftback, produced by Tesla Inc., and introduced in June 2012.[10] It scored a perfect 5.0 NHTSA automobile safety rating, and, as of March 2017, the P100D variant holds the record for the fastest acceleration of any production vehicle from a standstill to 60 mph in Motor Trend tests.[11] The United States Environmental Protection Agency (EPA) official range for the 2012 Model S Performance model equipped with an 85 kWh (310 MJ) battery pack is 265 miles (426 km), higher than any other electric car at the time.[12][13][14] EPA rated its energy consumption at 237.5 watt-hours per kilometer (38 kWh/100 mi or 24 kWh/100 km) for a combined fuel economy of 89 miles per gallon gasoline equivalent (2.64 L/100 km or 107 mpg‑imp).[12][15]

In 2016, Tesla updated the design of the Model S to closely match that of the Model X. As of January 2017, the following versions are available: 60, 60D, 75, 75D, 90D and P100D. Owners of the earlier 70 and 70D Model S have the option to unlock the 75 kWh capacity via a software update, adding up to 19 miles (31 km) per charge.[16] The 60 and 60D Model S, reintroduced in June 2016, have a US$9,000 option to unlock the full 75 kWh capacity via a software update any time after purchase.[17] In August 2016, Tesla introduced the P100D as the new top-level model. The P100D model has a 100 kWh battery, a 0–60 mph (0–97 km/h) time of 2.28 seconds, and over 300 miles (485 km) of EPA rated range.[18]

The Model S became the first electric car to top the monthly new car sales ranking in any country, twice leading in Norway, in September and December 2013;[19][20][21][22] and also in Denmark in December 2015.[23] Global Model S sales passed the 150,000 unit milestone in November 2016, with the U.S. as the leading market with 57% of global sales.[24] Other leading country markets are Norway, China, Hong Kong, the Netherlands, Canada, Denmark, Germany, and Switzerland.[25][26]

The Tesla Model S has ranked as the world's best-selling plug-in electric car for two years in a row, 2015 and 2016.[26][27] The Model S also ranked as the top selling plug-in electric car in the U.S. for two years running, 2015 and 2016.[28] As of December 2016, the Model S is the world's second best selling plug-in electric car in history after the Nissan Leaf.[29]

The Tesla Model S won awards including the 2013 World Green Car of the Year, 2013 Motor Trend Car of the Year, Automobile magazine's 2013 Car of the Year, Time Magazine Best 25 Inventions of the Year 2012 award and Consumer Reports top-scoring car in its road testing. In 2015, Car and Driver named the Model S the Car of the Century.[30] After declining to recommend the Model S in 2015 due to reliability issues, one year later Consumer Reports added the car to the magazine's recommended list.[31][32]
Category
Auto Reviews

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