News for hackers. Stuff that matters.
Re:Will the Model 3 make Tesla a real car company? by pjc50 on Thursday July 12, 2018 @11:02AM (#17515302)
The model S costs ninety thousand dollars. That's what's wrong with it.
Re:Will the Model 3 make Tesla a real car company? by prostoalex on Thursday July 12, 2018 @12:53PM (#17516445)
If you don't do your own maintenance, the 7-year TCO figure (which in the United States is the average length of ownership https://www.cnbc.com/2015/07/28/americans-holding-onto-their...) can reach or surpass that, especially with some of the premium brands.
Re:Will the Model 3 make Tesla a real car company? by mmt on Friday July 13, 2018 @05:51AM (#17521657)
> especially with some of the premium brands

I'd venture to guess it's only with the premium brands, and only when buying new (or maybe used-certified) and only with a model with terrible fuel economy.

7 years would be, for the average American, 100k miles. (Assuming that $90k Tesla costs nothing at all to operate...) Even at a generous 35 cents a mile for fuel and maintenance, that leaves $55k for purchase cost, and that may not be exclusively premium-only "make" territory, but at a make like Honda, that's going to be a fancier model.

Take that per mile cost difference down to a more realistic 20 cents ($3.60/G, 30mpg, independent shop for maintenance, no tires or suspension since electric cars need those, too), and now it's $70k, well within premium brand territory.

Residual value of the Tesla is likely to be better, but if it was financed, that cost would be higher, too. I'm not sure how to estimate that.

Re:Will the Model 3 make Tesla a real car company? by bobsil1 on Thursday July 12, 2018 @04:17PM (#17518249)
$76K base
Re:Will the Model 3 make Tesla a real car company? by Retric on Thursday July 12, 2018 @11:10AM (#17515386)
Model S starts at 75k (before tax incentives) not ninety thousand dollars, though options can easily push it past 90k.

However, there are also significant savings from being electric. So, it's possible to afford one on a developer's 100k/year salary especially if you keep it for ~10 years.