The report claims that the Tesla Model 3's ownership cost, including purchase price and fuel savings, is comparable to a Toyota Corolla.
The Tesla Model 3 and Model Y, the brand’s highest-selling electric cars globally, cost less than the average transaction price for a car in the US, according to a new report. Bloomberg stated that the price war might cost the company $1.2 billion a year, but the trade-off is price parity with gas cars and trucks. The entry-level rear-wheel-drive Tesla Model 3 costs $38,990 before taxes and additional fees, $8,700 lower than the average price of a car or truck in the US, as per the report.
Based purely on gas prices and base MSRP, excluding maintenance and other expenses, the Corolla’s ownership cost over three years would be roughly $26,850. More Updates On Tesla: Tesla Installs First V4 Superchargers In The US Early Tesla Cybertruck Fetches $400K At Auction: Report The Model 3’s price estimates for New York are in a similar ballpark, according to Tesla.
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