Tesla is NOT a luxury car!

Models Tesla Model 3
1

I drove a Model 3 for three years. It was a great car, but let’s be honest it’s not a luxury vehicle.

The average new car in the US costs $47k, and the Long Range versions of both the Model 3 and Model Y are priced below that, making them below average in terms of cost. Yet, people often view these models as luxury sports cars!

Currently, I am renting a car while mine is being repaired, and Enterprise, Hertz, and Turo listings are charging over $100/day for a base Model 3. That’s the same rate they charge for luxury SUVs with MSRPs over $60k.

And where are the Leafs and Bolts? I just need a car to get from point A to point B without using gas.

Looks like I’ll be riding my bike while my car is in the shop.

2

As a Model Y owner, I wholeheartedly concur. The battery, motors, and efficiency are what really provide value to the otherwise extremely inexpensive cabin that is based on pricey engineering. Although I doubt Tesla asked, I would have much liked cloth seats over vinyl.

3

I had a Model 3 for a while too—fun ride, but yeah, not exactly luxury. It’s wild how the prices are creeping up like that. Renting one for over $100/day? Feels like you’re paying for the hype more than anything. And good luck finding a Bolt or Leaf—they’re like unicorns these days… Might be time to dust off that bike for real.

4

Tesla isn’t a luxury car brand anymore. Though successful, it’s losing exclusivity. Tesla’s focus is shifting towards affordability. While launching the Cybertruck and Semi, they’re also developing a budget-friendly electric car, the Model 2, expected to cost around $25,000 to $30,000.

5

The difference between the perceived value and rental cost of EVs, particularly the Model 3 and Model Y, is an intriguing trend.

Several factors contribute to this disparity:

  • Brand Perception: Tesla has effectively created a luxury image for its vehicles, even for its more affordable models.
  • Supply and Demand: The high demand for EVs, combined with supply chain issues, has driven up rental prices.
  • Rental Companies: Rental agencies often focus on maximizing profit margins, leading to higher rates for popular models.

Potential Alternatives:

  • Explore Other EV Rental Options: Look into smaller rental companies or peer-to-peer platforms like Turo for possibly better rates.
  • Public Transportation: Depending on your location, public transit might be a practical choice while your car is being repaired.
  • Carpooling or Ridesharing: Sharing rides can be a cost-effective and eco-friendly alternative.