People have a common perception that Teslas are expensive cars. The market has various supercars from different brands, some of which are more expensive than Tesla.
Keep reading to find out more about Tesla’s affordability.
Here’s Why Teslas Are Cheaper Than Other Supercars
Teslas are built with fewer moving parts and simpler construction which makes them cheaper. Tesla only makes a handful of models where many main body parts are used for several models. Also, robotics are used more in the manufacturing process to lower production costs.
What Supercars Compare to Tesla’s Performance?
Tesla’s performance focuses on speed and acceleration.
Electric vehicles are known for their ability to accelerate to a high speed within a short period. For instance, the Tesla Model S P90D has made headlines for its acceleration speed. The car takes 2.8seconds to accelerate from 0-60mph.
Its acceleration mode is named “Ludicrous Mode” and has made the model a major comparison for other supercars.
Regarding performance, Tesla compares to other supercars such as Bugatti, Ferraris, and Lamborghinis. These cars cost more than Tesla and have powerful engines that facilitate acceleration.
However, Ferraris cannot accelerate at a faster speed than the Tesla Model S P90D.
The McLaren 650S takes 2.7 seconds to accelerate from 0-60mph.
The Bugatti Veyron Grand Sport Vitesse takes 2.6 seconds to reach a similar acceleration. It’s considered the fastest car in the world. However, its acceleration speed is slightly higher than that of Tesla, making the two vehicles effective for people that prefer speed.
Tesla’s Model X compares to the fastest cars in the world because its acceleration speed from 0-60mph has been updated to last 2.6seconds.
The acceleration speed is similar to that of a V12 Lamborghini Aventador.
Why Are Teslas Cheaper Than Similar High-Performance Cars?
Tesla is one of the most well-known recent brands offering electric vehicles with high efficiency.
However, other brands, such as Ferrari, Lamborghini, and Bugatti, have been in the market for years, offering equally luxurious and high-performance vehicles.
Although Tesla offers equally luxurious cars to similar high-performance cars in the market, other costly brands are on another level. These vehicles vary in many aspects that consumers prioritize while buying a vehicle.
Speed is an important aspect, but since all the cars offer a high acceleration speed, other brands focus on superior features which make their vehicles costly.
An example of these features is appearance.
Bugatti, Ferrari, and Lamborghini offer the best exterior and interior car features in the market. However, this doesn’t mean that Tesla vehicles don’t have appealing features. The company has focused on creating sleek and modern designs to meet the standards of common supercars in the market. The design is yet to meet what other cars have, thus making Tesla cheaper than other super vehicles.
Most of the luxury supercars in the market are priced according to their brand. The most famous brands for providing high-end luxurious vehicles have priced their cars at a higher price than their competitors.
Tesla has utilized new technology in the market, making its vehicles cheaper than other supercars as they grow a market for a new product.
How Much Does the Cheapest Tesla Model Cost?
Buying a new car is one of the most important decisions because it lasts longer than used vehicles. Tesla utilizes the use of electric motors in manufacturing affordable EVs.
The Tesla Model 3 is the cheapest vehicle from the company that you can get on the market.
The Model 3 costs approximately $46990.
Tesla is known for hiking its prices, but the vehicle remains the most affordable option for consumers.
The $46990 covers the base model of the vehicle, which offers a rear-wheel drive option. The price for the all-wheel drive Tesla Model 3 is approximately $69000 and has additional features. These features include autopilot and customized exterior and interior.
When looking for a cheap Tesla car, consider the Model 3 Long Range, which costs approximately $57990, or the Model 3 Performance at $62990.
Tesla keeps hiking its prices, so it’s best to check with its representatives to get an exact quote of their current prices.
The cheapest Tesla car, the Model 3, offers a 0-60mph acceleration in 3.1 seconds.
The acceleration speed is high as compared to most vehicles in the market. Therefore, the Model 3 would offer the benefits of top speed and acceleration at an affordable price.
What Performance Do You Get With Other Cars at $46990?
The Tesla Model 3 is one of the best vehicles concerning performance that you can get for $46990. The EV market has advanced, with vehicles from different brands competing with Tesla’s performance capabilities.
Volkswagen’s first electric SUV, launched in 2021, is the closest to Tesla regarding performance.
It has an EPA Range of 275 miles, while Tesla Model 3 has 263 miles. The Hyundai Ioniq 5 SE also costs approximately the same and offers a range of 303 miles.
The Polestar 2 costs within the same price range and offers a range of 270 miles. The Ford Mustang Mach-E Select offers a range of 247 miles.
These vehicles offer people a wide range of selections for the price of the cheapest Tesla model.
They are all EVs with other amazing features that might vary from vehicle to vehicle. However, they offer a great alternative for individuals concerned with price and performance.
Are Teslas Cheaper to Drive Than Other Electric Cars?
The initial cost of buying a Tesla car might be higher than other electric vehicles, but owners save more in the long run.
The cost of driving a vehicle focuses on the charge it needs, the car’s range, and the amount incurred in charging the vehicle.
Tesla has highly utilized electric motor technology in producing the most efficient vehicles. The various Tesla vehicles offer a wide range, which reduces the cost of charging. Vehicles with a lower range require more charge to cover the miles a Tesla covers, which means one would spend more in charging them.
Hence, Tesla is cumulatively cheaper to drive than other electric vehicles.
Tesla vehicles are also made from high-quality materials, as reflected in the initial purchase price.
These materials are advantageous because they render the vehicle durable with minimal maintenance costs.
Some EVs in the market are made from a lower-quality material than Tesla. Therefore, they cost more to maintain, especially in a crash.
What Cars Compare to the Tesla Roadster?
The Tesla Roadster is one of the fastest EVs on the market. However, it isn’t the only high-performing EV due to the availability of other cars from different brands.
These cars highly compare to Tesla regarding performance.
The Ariel Hypercar compares to the Tesla Roadster because it takes 2.4 seconds to accelerate from 0-60mph.
The Tesla Roadster takes 1.9 seconds, making it among the world’s fastest car.
It also compares to the Nio EP9, which takes 2.6 seconds to achieve a similar acceleration. The Dodge Challenger SRT Demon takes 2.3 seconds to accelerate from 0-60mph.
Are Teslas Cheaper Than Other High-Performance Electric Cars?
The price for high-performance electric cars varies from one brand to another. Tesla is among the top brands in the market for EVs, and therefore, its prices are a bit higher than those of cars from less known brands.
On the other hand, Tesla vehicles are cheaper than the supercars from high-end brands such as Ferrari and Bugatti.
The differences in appearance and performance are the main causes of the price range.
Therefore, the answer as to whether Teslas are cheaper than high-performance cars depends on the vehicle’s brand used in the comparison. Some cheaper models offer similar performance specifications to the cheapest Tesla Model 3.
Will Teslas Become Cheaper in the Future?
Teslas vehicles will become cheaper in the future due to various factors. For instance, EVs utilize battery technology, contributing to approximately 42% of the total price.
The company is testing a new technology that would reduce the installation costs of the batteries.
Therefore, the technology’s implementation would make Tesla vehicles cheaper.
Tesla is also expanding its operations by opening plants; therefore, the vehicles will become cheaper. These plants utilize the expertise of the best minds in the industry to reduce the scrap rate. A reduction in the scrap rate would reduce the amount of production cost compensation the company needs. Hence, it would lower its car prices.
The market for EVs is advancing at a high rate. Therefore, Tesla is bound to face a lot of competition regarding vehicle affordability and performance.
Hence, the company would consider lowering its prices to keep up with the market competition.