Plenty of people now shopping used Teslas and you should be able to get more than $20k for yours. Jeremy Johnson is a Tesla investor and supporter. You can work with your dealership, an EV charging advisor such as Qmerit, or a local electrical contractor to install the proper circuit and charging station. 2 BIG Reasons Not To Buy a Tesla | Wait For This - YouTube If you have sufficient capital to lay out for one or more full shares of Tesla stock, there's no reason not to add to a position or start a new one now. * Range: 358 EPA range Without a dedicated parking spot or garage, owning or leasing an EV can be quite challenging. Plug & Charge is currently supported by Ford, GM, Porsche, Volkswagen, Lucid Motors and a growing number of other automakers. Tesla is constantly changing/improving things in their cars and don't wait to drop feed updates on model year refreshes, so waiting for 2023 provides you no benefit unless the fiscal aspect is tied to the new year. Most of America's roadway infrastructure construction and maintenance is as least in part financed by gas taxes. There weren't gas stations on every corner. This is because electric cars have a limited range, and the more you drive, the more wear and tear on the battery and other components. $Nio Stock Update! Is Now the Time to Buy the Dip on Nio? If you live in an area with warm weather, youll be able to take advantage of Teslas solar roof panels to help offset the cost of charging the battery. For instance, all Tesla cars come with autopilot capabilities, allowing them to effectively drive themselves under certain conditions. When you're at a station priced by the minute, that last 20% can get expensive. That's not always true of EV charging points. However, during the eight days following the split, Tesla shares slumped more than 30%, before rebounding and beginning a relentless climb higher. However, the average repair cost among all vehicle brands is lower than $652 yearly. FORTUNE may receive compensation for some links to products and services on this website. During that time, you're tethered to the station, with no way to leave without getting out of your car to unplug from the station. The lesson here is that investor psychology alone isn't enough to propel a stock higher over the long term. All rights reserved. Of course, if you absolutely need a new vehicle because your current car has reached the end of its road, was totaled in a collision or was stolen, then, by all means, buy a new car. Consider becoming a Supporting Member of Tesla Motors Club. Georgia is currently disincentivizing the purchase of EVs, with no state tax credits and a substantial $211 annual fee tacked onto an electric car's registration. So likely 2+ years. (Answering The Viral Debate), 2022 Audi Q4 Sportback 50 e-tron quattro 20, 2022 Ford Mustang Mach-E GT Perf. As a result, Tesla stock is not a buy. Jeremy covers Tesla developments at Torque News. A Hyundai Kona, for example, has a base price of $21,990, while a Hyundai Kona EV is priced from $34,000. That's a difference of $7,195. Again, it's tough to see why someone would get a gas car with the savings you get. * Top speed: 162 mph Tesla has gained worldwide popularity with its luxurious and advanced range of electric cars. Home Level 2 charging stations can take several hours or more to charge an EV from empty to full. The typical yearly Tesla maintenance cost is about $832 each year. These gas cars, with an MSRP of $43,800 at a base price are just slightly cheaper than the Model 3 performance.
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