Tesla Model S Overview Model Years: 2012 - Present
Average Cost of Repairs: $298
Key Insights Repair Costs: The Tesla Model S has an average annual repair cost of $298, which is surprisingly below average for electric vehicles. Comparison with Competitors: In contrast, other luxury vehicles like the Cadillac CTS and Chevy Corvette have significantly higher repair costs, at $663 and $737, respectively. Conclusion Despite being a relatively new electric vehicle, the Tesla Model S offers lower repair costs compared to many traditional luxury cars. This affordability in maintenance adds to its appeal, making it an attractive option for those considering an electric vehicle.
Tesla Model S Pricing and Repair Insights
Key Insights Initial Cost: The starting price for a Tesla Model S 85D is approximately $85,000, while the base model is around $40,000. Tax Credits: In several states, including California, Massachusetts, Utah, Colorado, and Georgia, buyers can benefit from tax credits of $7,500. Repair Costs: Despite the high initial purchase price, the repair costs for the Model S are relatively low compared to the purchase price. Conclusion While the Tesla Model S comes with a significant upfront investment, potential buyers can take advantage of state tax credits to offset some costs. Additionally, the lower repair expenses make it an attractive option in the long run, enhancing its overall value proposition in the electric vehicle market.
