Studio711.com – Ben Martens

Welcome to another Tesla Tuesday!

When we were originally pricing out our car, we had planned to go for the upgraded 20″ black wheels because we liked the way they looked better. But when the price increased right before we ordered, we backed off that and went for the default 19″ regular wheels. In the end, I’m glad we did that because those 20″ wheels reduce the total vehicle range and give a slightly rougher ride, but that wasn’t the end of the story.

The Model Y 19″ wheels have a cover that snaps onto the actual rims and that cover improves range by about 7%, but since they are a cover, they’re replaceable. Rimetrix makes some aftermarket wheel covers for the Model Y (and the Model 3). They give the same aerodynamic performance and aesthetically pleasing black look while being significantly cheaper than the 20″ black rims.

The actual installation itself was very quick and I’m super happy with how it came out. Along the way, I also removed the two chrome Tesla badges and replaced the “dual motor” badge on the back with a blacked out version. There’s no chrome left on the car and now we have a car that is slightly different than the ocean of other Model Y’s driving around our area.

Welcome to another Tesla Tuesday!

A couple weeks ago, I wrote about the current prices for the various models, but how do you tell them apart when you see one in the wild? It takes a little practice, but here are some identifying characteristics:

Tesla Model 3

If you don’t know, guess Model 3. Today, this is the most common Tesla on the road (but going forward the Y is expected to overtake it.) The 3 is the smallest of the four models. It’s a four door sedan and, like the Y, it has no main grill openings on the front aside from the opening on the very bottom of the bumper.

Tesla Model Y

The looks like a bigger version of the 3. In fact, they share ~70% of their parts. The Y doesn’t have any grill openings either. The Y is a bit taller (~7 inches) and is a “crossover” style. It has a full liftgate instead of a trunk. It’s easy to get these confused with the Model 3.

Tesla Model S

Like the 3, the S is a sedan, but this one looks a lot fancier. You can differentiate the S and X from the 3 and Y by the grill “opening” with the Tesla logo. The rear end of the newer S and the X models also have a chrome accent that runs between both tail lights. These models usually have an emblem in the lower left of the rear that says “Model S”.

Tesla Model X

The X is BIG. It’s a full size SUV, but like the S, it has a grill “opening” and the chrome accent between the tail lights. If you see it in a parking lot, you’ll notice the gull wing doors. The door handles for the front and rear doors are also centered along the line between the doors.

Welcome to another Tesla Tuesday!

Before we did the car, I did a lot of research and math to compare a Model Y’s long term cost of ownership to the Ford Escape that we likely would have purchased instead. As part of that, I estimated that gas was going to average $3.50/gallon over the life of the car. That was about the average around us when I was doing the research and while I knew prices would go up a bit, I wanted to be very conservative (favoring the Escape over the Model Y.) Obviously the world has changed a lot since then and gas costs an average of $5.44 around us. How does that affect my calculations?

First let’s talk about how I’m collecting data. Finding “average gas prices” is a bit tricky. Most sites that you’ll find show averages for the state by month. That’s better than nothing, but our area is typically more expensive than other parts of the state, and we should be able to do better than monthly data. The GasBuddy website has daily updates on gas prices at a lot of gas stations. I wrote an app that checks the price for regular gas at the 6 closest gas stations to our house. I log that data to a database every day.

The next piece of the puzzle is figuring out how much gas I would have been buying at those processes. Obviously that’s a little tricky to get exactly right, but I’ve estimated it by looking at the total miles driven per day in our new car and assuming that I would just pay for that much gas each day. I get the daily mileage from the Tesla APIs and log that to the database as well. I’m left with a query that shows X miles driven for a given day when the gas price was $Y. I use the average MPG from our last Escape and do the math to estimate how much we would have paid for gas that day.

The Tesla API also gives me a record of every time I’ve charged the car. It tells me not just how much energy was added to the battery, but how much energy I pulled from the wall to account for a small amount of loss in the charging process. We have a tiered electricity cost based on total usage for the month so I assume that all the charging costs are in the highest tier.

When I was working out the math to see if an electric car would be cheaper, I had planned on saving $12.72 on gas per 100 miles. But that as planning at $3.50/gallon, so what does all the data show? After putting 2100 miles on the new car, I’m happy to report that we are saving $18.68 per 100 miles!

Welcome to another Tesla Tuesday!

Let’s talk about price, but first let’s set some context. Car prices are increasing rapidly in the entire market. The average car price in May 2022 was $47,148 and prices are up ~15% compared to just 12 months ago. It’s not a great time to be buying a car.

Teslas are obviously more expensive than the average car, but there are a lot of misconceptions out there about how expensive they are. It’s not uncommon to hear people talk about how they don’t have $100k to spend on a car so they can’t get a Tesla. Yikes.

Tesla makes four models: S, 3, X, and Y. (Yes, that was intentional. The “Model E” trademark was owned by Ford.)

Starting on the low end, we have the Model 3. It’s the cheapest way you can get into a Tesla at $46,990. The Model Y is a crossover version of the Model 3. They share a lot of parts and styling. The Model Y starts at $65,990. The Model S is a premium luxury/sports car. It starts at $104,990 but they also offer the Plaid trim for $135,990 which gets you 0-60 in under 2 seconds. The Model X is the most expensive one, and it’s the one with the fancy gullwing doors. It takes the speed and luxury of the Model S but also gives you room for 7. $120,990 or $138,990 for the Plaid trim.

Those prices have gone up… a lot. Two years ago, you could have bought a Model Y for almost $20,000 less than today. Tesla keeps raising the prices and people keep ordering them. The wait list is still 4-12 months long depending on what trim level you buy.

I’m usually the guy who gets into a line right as it stops growing, but this time we did much better and placed our order early in that price ramp. Frustratingly it did jump $2k as we waited an extra three days to take one more test drive before putting in our order, but still, I’m glad we got in when we did.

When you look at Tesla’s website, the pricing is a little tricky to figure out because the prices they show by default are the prices with “potential savings.” They’re guessing about fuel savings, tax credits, etc. And that’s where pricing gets so complicated. When you buy a gas car, you’re just getting started on your total cost of ownership. You still need to pay for things like gas and service. When you buy an electric vehicle, you’re sort of prepaying for a lot of that total cost of ownership. The initial purchase is higher, but the long term costs are lower since electricity is much cheaper than gas and there is very little maintenance or service required on an electric car. So yes, the prices are expensive (especially now) but to truly compare your total cost, you need to think about the full lifespan of your vehicle and see how that math works out for you.

I had spreadsheets galore when I was researching all this before our order and I was confident that we’d at least break even buying an electric car versus a comparable gas car, but I’m not stopping there. I’m keeping good records to see how that plays out. I recently set up a spreadsheet that looks at how much energy I used to charge the car every night and compares it to the average price of gas at the six stations closest to me so I can estimate what I would have paid to put an equivalent amount of gas into my car. So far we’ve saved $391 over the first 1500 miles.

A couple years ago, it seemed like we were hitting he point where electric vehicles were going to get popular and prices were going to come down. Well, they got popular, but now everything is getting more expensive so prices have gone way up. Thankfully the popularity of these cars is still increasing, but for them to truly take off, we need $20-30k more models to be available (and good.)