Is A Tesla Worth It? Reasons Why You Should Never Buy A Tesla 2022
Is A Tesla Worth It? That is a difficult question to answer without knowing more about the car and its features. However, if you are interested in car buying options, there are many things to consider. The cost of a Tesla car can be a bit steep for some, but the benefits can be too few to Its popularity has backed by the fact that the car has a high track and safety rate.
Is A Tesla Worth It?
The quick answer is that it depends. The amount of money you’ll save or spend by switching to a Tesla will depend on your specific scenario. You might not be able to save money. You may have to pay extra.
The Tesla Model 3 is much less expensive than other Tesla models, such as the Model S and Model X, which currently start at about $104,990 and $120,990, respectively. So, you don’t have to be wealthy to get a $46,990 Model 3.
However, if you spend $703 per month for a new Tesla Model 3, that’s $8,436 a year – and many other vehicles will cost you less.
Of course, you’ll have to account that you won’t be paying the hypothetical $240 a month for petrol. However, with a Tesla, you will have to pay for insurance and power charges — including any “supercharging” you conduct.
Reasons Why You Should Never Buy A Tesla
1. Recent String of Recalls
Everyone knows of Tesla’s recent issues, ranging from Autopilot failures to fires. These accumulating problems have culminated in a major recall. As recently as December 2021, the business recalled over 500,000 automobiles.
Though the rear-view camera has received the most recalls, it is just the latest in a long line of mishaps for the company.
Recalls were also issued due to front hood and trunk latch issues. Though they may not seem significant, an increasing trend of defective components utilized in Tesla vehicles contributes to poor overall quality.
2. Expensive Battery Replacement
Replacing a car battery is an unavoidable expense in a conventional vehicle. If and when a Tesla’s battery fails, anticipate costs to be outrageously exorbitant. In reality, Tesla batteries have a maximum capacity lifetime of roughly eight years, which implies that beyond that point, your travels get shorter since the battery can’t charge to 100%.
The alternatives are to ignore the diminished capacity and continue widdling down the battery until it no longer lasts a trip to the market or to replace it with a new one. While the latter seems to be overkill, it may be the only alternative, and at an average cost of $7,000 to repair, it is less expensive to replace the whole car!
3. The Gas Savings is Spent on Household Utilities
The electric vehicle’s allure is to save money on gas. The thought of driving past petrol stations and laughing is a pipe dream. The truth is even more depressing. When an EV is plugged in, electricity must be created someplace. In terms of energy, there is no such thing as a free lunch.
While solar-powered charging stations do exist, many of them are hardwired into the existing electrical grid.
The energy that Tesla uses to charge up depends on the existing power infrastructure. Unfortunately, the great bulk of electricity is still produced from fossil fuels, and the expenses are passed on to the homeowner. It’s essentially simply exchanging one evil for another.
4. It’s All the Hype
Before Tesla ever existed, it was causing quite a stir online and offline. Many updates about it have been flowing on social media, making it quite famous among automotive fans online. If you follow its creator, Elon Musk, the updates appear immediately on your phone daily, making you want it even more.
Tesla, on the other hand, appears to be all hype. Although many people refer to it as the automobile that establishes a new standard in the industry, much as the iPhone did when it first debuted, the reality is very different.
Purchasing a Tesla is far more costly than purchasing an iPhone, an error that not everyone can afford. So, before purchasing one, you should carefully consider if this automobile is really for you, since some of its features may not be suitable for your requirements.
5. Complicated to Own and Maintain
Having a Tesla vehicle is nice, but it might also be the source of your headaches. The Tesla is a dependable alternative for a car that can be used for regular city travel. However, if you frequently take long interstate trips, you may want to reconsider purchasing a Tesla.
Remember that there aren’t many charging stations for this vehicle, so a single charge from home may not be enough if you have a long trip ahead of you. To prevent being stuck, plan your route on a map and mark any charging stations along the way.
You should also plan ahead of time when you will charge so that you may be as efficient as possible on your journey.
6. It Takes Getting Used to Charging
If you want to purchase a Tesla, you should be aware that the algorithms for its charging routes, particularly on interstate travels, may take some time to understand and adjust.
As a result, if you travel long distances, you may need to invest some time and effort in learning about the charging routes. This may be difficult, and not everyone is eager to learn new things merely to fill the car’s power supply.
Furthermore, there may be times when it may warn you to skip charging, which may cause you to be concerned while driving. As a result, you may wind yourself charging every time you see a station to be safe. You may not be completely unable to trust the algorithms, but they will come in handy on extended journeys.
7. Roadside Service Has Limited Coverage
When you have a problem on the road, you want a trustworthy roadside assistance aid. Unfortunately, Tesla’s roadside assistance does not cover assistance if your battery runs out of electricity. Unfortunately, if your car’s battery dies while driving, you cannot contact them for assistance.
So, what are your options?
You must contact AAA Gold Plus; however, this is an additional expense. You may also take preventative actions. You should always have enough juice to last the duration of your journey.
8. No Spare Tire
We’re not sure why Tesla vehicles don’t come with a spare tire. Is the car capable of running empty? Sorry to burst your bubble, but it does not run dry. Unfortunately, if your tire becomes punctured, you will be unable to fix it on your own since it lacks a spare tire.
So, what are your options? You must contact Tesla’s service facility, and they will be the ones to repair it. That seems incredible, but what if you’re traveling in the middle of nowhere and a terrible thing occurs? You’ll have to wait for them since there’s nothing you can do about it.
Another interim solution is to purchase their $90 tire inflator. This will only assist you with a single tiny puncture.
9. Tires Wear Out Quicker
Accelerating from a standstill to 60 mph in a Tesla may be highly taxing on the tires. As a result, if you prefer to drive fast, your tires will wear out faster than other automobiles.
For example, if you drive a Tesla on factory tires, you may only be able to utilize them properly for the first 40,000 to 50,000 miles. After that, you are driving on standard tires might be dangerous. It would help if you replaced them quickly.
In most circumstances, the initial tire change is free and paid for by the service facility. However, you will instantly pay extra fees to ensure safe driving with your Tesla.
10. Weak Against the Cold
Because Tesla is an electric vehicle, it has a range meter that indicates to the driver how long it will take to charge completely. You may plan your trip to know when and where to stop to charge it. Its range meter has been thoroughly tested and confirmed to be accurate to guarantee safe driving.
However, it is most accurate throughout the summer, but when the temperature cools, the range meter may begin to malfunction. It may potentially become useless, particularly in the winter. As a result, you may get trapped in the middle of nowhere on a cold day if the range meter fails to function correctly.
Winter driving with a Tesla may be challenging. Because it also lacks a spare tire, you may easily get trapped in the winter with a punctured tire and a depleted battery.
11. Harrowing to Drive in the snow
Most automobiles are challenging to drive in the snow, but the Tesla is no exception. However, since you paid a high price for this automobile, you anticipate it to be more cooperative throughout the winter.
That is not the case since if you want to make driving in the snow simpler, you must make an extra expenditure. Driving on standard tires in the snow might be dangerous, so you may need to invest in winter tires, which cost roughly $2,000.
Unfortunately, even if you get winter tires, you will not have peace of mind. Driving the Tesla in the snow may still seem dangerous, with the wheels losing grip and the vehicle toppling over in the snow.
12. It Takes Some Time to Get Used to Its Braking System
Tesla has a function dubbed “regenerative braking,” which takes some getting accustomed to for most typical drivers. This function may be somewhat aggressive, so you should practice with it to get acquainted with it. If you don’t get accustomed to it immediately, you may find it strange or peculiar when driving.
However, don’t be too concerned since if you instantly use the brake, you won’t tumble over. It usually takes 10 to 20 minutes before you thoroughly enjoy it, and by then, you’ll be able to realize how useful it is while driving.
13. Always Have to Think About Charging Stations
The Tesla is not like other automobiles. It works entirely on battery power since it is entirely electric. If you don’t charge it properly, it will stop working, and you will be stranded on your journey. As a result, you must be aware of the charging stations along your journey.
You must also schedule your excursions since charging outlets are less common than petrol stations. You don’t want to be stuck while traveling. Therefore you should be aware of the areas where you can recharge your car’s battery.
Also, if you want to put a charging station in your home, you may need to make some changes. This will need further expenditures on your part.
14. No Test Drive
Unlike typical automobile purchases, where you may test drive the vehicle before making a choice, you cannot do so with a Tesla. In some ways, buying an expensive automobile without first trying it is absurd. It’s even more absurd to buy a vehicle you’ll only see for the first time after buying it.
That is the situation with Tesla. Because you can purchase anything online, you can buy it without trying, which might be a downside. Why? It’s because you could discover something in person that you don’t like but didn’t see while buying it online. This is why taking an automobile for a test drive is essential.
Remember, a Tesla is a significant investment, and you have the right to test drive one before committing to purchasing one.
15. Limited to Two Cup Holders
We all know that the Tesla has a spacious interior as an electric vehicle. However, it’s odd that there are just two cup holders inside the vehicle. Why would they restrict the number of cup holders to two? It seems that the design and engineering team fell short in this regard. They could have included more for the passengers’ convenience, but they only included two cup holders.
As a result, if you have more drinks than the cup holders can accommodate, some passengers will be compelled to carry their cups. You can’t simply throw them on the floor because they’ll spill. As a result, travelers will have to have their drinks in their hands at all times.
16. Premature Rattle
Some Tesla owners have complained that their vehicles acquire a premature rattle. For example, Andy Blau reported on thedrive.com that his Tesla started making sounds when it reached 18,000 miles on the odometer. The Tesla was noiseless when he originally acquired it, but as it reached that travel distance, he realized it was already generating some sounds.
He went to the service facility to get his automobile looked up. The maintenance technician identified it as a loose ball joint, but they didn’t have time to replace it when he brought it to the service facility, so his vehicle continued to rattle.
17. Hardware Lags Behind Software Upgrades
Like any other new product, the Tesla software update may occur automatically and instantaneously. You may configure it to update on its own and then forget about it.
On the hardware, however, this is not the case. When it comes to hardware, you must update it manually. Unfortunately, doing so may be both time-consuming and costly. As a result, you wind up with obsolete hardware operating on the most recent software, which is inefficient or unsuitable for you.
For example, an upgrade brought features like Autopilot, dual-monitor, and blind-spot monitoring, but many drivers couldn’t utilize them since their hardware couldn’t handle them.
18. Too Expensive
The base Tesla vehicle costs $36,000 or more. If you’re purchasing a Tesla, you’re not the person who settles for the ordinary. So you go all out and purchase all the extras that can be added to it. When you do this, the Tesla becomes a premium vehicle rather than a mid-range one.
Some features you can add to the basic package include heated seats, a larger battery, and Autopilot mode on a Tesla. These items will cause $10,000 to $15,000 in damage. As a result, the automobile may cost $50,000.
Is a Tesla worth its high price tag?
EVs are generally more expensive than standard cars, but even when compared to other EVs, a Tesla is quite pricey.
This is primarily because Teslas are no longer eligible for the $7,500 federal EV tax credit. This might change if the new infrastructure bill becomes law. The Model 3 is the most affordable brand-new Tesla that customers can purchase, starting at about $45,000.
The cost of owning a Tesla might be relatively high as well. Owners will no longer have to pay for gas, but electricity is not free. You’ll need to invest a few hundred dollars on a home charging station if you want quick charging at home.
Insurance will also be a substantial cost for Tesla owners. According to Yahoo, the average annual insurance premium for a Model 3 is $2,200. That’s around $1,000 more than a standard automobile.
1. Do Teslas truly save you money?
Whether or not you save money with a Tesla depends entirely on the car you are comparing it to. It may be less costly than other luxury automobiles, but it is more expensive than a Toyota Camry. While purchasing a Tesla may not save you money compared to other automobiles, placing a figure on having an electric vehicle is difficult.
For some, that factor will be more important than a price difference. Try the Nissan Leaf or the BMW Mini Cooper SE if you’re searching for a less expensive electric car.
2. Is it worthwhile to purchase a secondhand Tesla?
Buying a used Tesla, like any other used vehicle, will provide its own set of obstacles, such as verifying the car and its formidable battery pack is still in excellent operating order, which may be challenging.
Moreover, unlike many electric cars, which depreciate fast in value, Teslas depreciate less than the average. According to ISeeCars.com, an automotive search engine that analyzes off-lease car sales, the typical new sedan (with either electric or internal combustion engines) depreciates by 39% in the first three years, while electric vehicles depreciate by 52% in the first three years. A Tesla Model S, on the other hand, depreciated by only 36.3%.
You could consider this a plus if you’re buying a new Tesla and believe it’s suitable for a car’s value. You might see it as a disadvantage if you’re looking for a good deal on a used Model S.
3. Is it more expensive to insure a Tesla?
In most cases, yes, insuring a Tesla vehicle will cost more. Many insurance policies tend to characterize Teslas as “luxury vehicles” and charge higher premiums to insure them. In addition, the repair costs for electric and aluminum-framed vehicles tend to be higher.
When it comes to the overall question of whether or not a Tesla is worth it, it’s essential to take an honest look at your finances. Can you afford the start-up costs of a home charging station? If you keep the car for an extended period, will you be prepared for the cost of the eventual battery replacement? Is renewable energy something of utmost importance to you and something you’re willing to pay a premium to support?
If you feel you can afford it, a Tesla might be an excellent option for your next new car, especially if you want to take advantage of unique features like the Autopilot and Full Self-Driving capabilities. You might also consider shopping around for the best car insurance to save money on one of the costs that are known to be higher with this vehicle.
You’re not alone if what a Tesla costs don’t seem financially feasible. A Tesla comes with a luxury price tag and isn’t a car that’s considered to be “affordable” for most Americans. If going electric is essential to you, look at the other more affordable EVs on the market. You might consider going on a test drive in the Nissan Leaf, Hyundai Ioniq Electric, Audi e-Tron, or even the Mini Cooper SE.
And remember, owning an electric vehicle isn’t the only way to be more environmentally conscious with your money. You could also choose to invest in the stock market in Tesla (TSLA) or other environmentally friendly companies.