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It's not optimism, it's arithmetic: Tesla is stealing units from the other car companies. The other car companies require those unit sales to keep the prices th
by jppope 7y ago
It's not optimism, it's arithmetic: Tesla is stealing units from the other car companies. The other car companies require those unit sales to keep the prices the where they are otherwise they have to raise prices (same goes for insurance).
Sure maybe for the next 2-5 years people will do business as normal but are you really going to buy a Corolla for $30K when you can get a Tesla Model 3 for $30K? That is what will cause a quick shift.
- briankelly 7y agoA new Model 3 is 36k, a new Corolla is 19.6k MSRP. Realistically you can get the Toyota for less than half the price of the Tesla. I am not convinced that gap can be closed in 5 years, much less 2.
- jmpman 7y agoCorolla gets 32mpg. Assume 200,000 miles over the life of the corolla, that’s 6250 gallons of fuel. $2.79/gallon where I live for $17437 of fuel over the life of the corolla. $19600+17437=$37k The Tesla requires 50,000 kWh to drive 200,000 miles. At $0.08/kWh (what I’m paying), that’s just $4000 in electricity. $36k + $4k = $40k That’s surprisingly close for a Tesla Model 3 versus a Corolla.
- jjeaff 7y ago8 cents per kw/hr is nearly the cheapest rate in America. And most people will not be on track to drive 200k miles in their car before the loan is paid off. Which leaves them upfronting a very large percentage of the savings.
- jmpman 7y agohttps://www.srpnet.com/prices/home/electricvehicle.aspx https://www.srpnet.com/prices/home/electricvehicle.aspx Yes, Arizona has good rates.
- xbmcuser 7y agoCurrent electric car prices already make economic sense for car fleets where maintenance and fuel saving make it cheaper. One of the reasons delivery companies have been interested in electric vans.
- jppope 7y agoI spec'd it at the top of the line Corolla ~25K. Change it to a Camry if we're getting nit-picky