TRUE COST OF 2021 TESLA MODEL 3

EV Channels Review

This video provides a comprehensive breakdown of the true cost of ownership for the cheapest Tesla Model 3 (Standard Range Plus, RWD) purchased in March 2021. The reviewer details upfront costs including the vehicle price, taxes, and fees, totaling $44,449.73 before incentives. California-specific incentives like the Clean Fuel Award ($1,500) and a state rebate ($2,000) significantly reduced the out-the-door cost. The reviewer highlights the low charging costs, estimating $21.40 for 491 miles driven (mostly home charging at $0.165/kWh, with some Supercharging at $0.30/kWh), comparing it favorably to gasoline costs. Maintenance is noted as minimal, with no oil changes required and potential costs limited to wiper fluid and cabin air filters. Insurance costs are estimated at $80-$120/month. Financing details reveal a 72-month loan at 2.19% APR, resulting in a monthly payment of $520.46, plus insurance, leading to an estimated monthly ownership cost of around $660. The reviewer also touches on Tesla's strong resale value and advises caution regarding the Full Self-Driving package, suggesting a subscription model might be more prudent. Overall, while the Model 3 offers savings over comparable gasoline cars, it remains more expensive than cheaper gasoline alternatives, though future Tesla models and potential federal incentives could change this.