Pros And Cons Of Investing In A Tesla

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Tesla

In recent years, Tesla has become a household name. They are well known for their efforts to create a more sustainable world. Being environmentally conscious is more common than you think; 85% of the world’s population has become “eco-friendly.” 

When purchasing a Tesla, you might want to consider a Tesla extended warranty to protect yourself in case of a craft or part error. 

When buying a luxury car, knowing your options, timing the market, understanding your needs, and reading reviews can go a long way in guaranteeing you don’t settle for anything less than the best. It is best to know your needs and expectations in every situation before looking for the perfect car. 

We have carefully laid out the pros and cons of owning a Tesla to help you decide. 

The Pros

No gas is needed. With the rising gasoline prices, knowing you won’t need to stop at a gas station is like a weight has been lifted. Electricity is much cheaper and cleaner than gasoline, especially when green electricity is used. 

Over-the-air software updates. Over Wi-Fi, Tesla cars receive regular over-the-air software updates that add new capabilities and improve current ones. This includes delivering power boosts, increased efficiency/range, new games in Tesla’s distinctive “Arcade” center or new “Theater” options, Autopilot upgrades, and more.

Innovative technology. Tesla doesn’t only focus on transforming their company but the auto industry as a whole. Battery research is believed to be the key to Tesla’s advancement, focusing on chemical additives, materials, and coatings to reduce internal stress and extend the battery’s life.

The Supercharger network is extensive. One of the biggest attractions of the Tesla brand is the exclusive Supercharger network. With your credit card, you can fast charge your car up to 200 miles in just 15 minutes. 

The Cons

The steep price. The cheapest model 3 is still costly at twice the cost of the least expensive combustion engine car. Although the Model 3 starts at less than $40,000, which is reasonable pricing while also providing significant long-term cost advantages.

Charging times. While the batteries in a tesla are huge, they take a long time to charge fully; it can take between four to eight days to charge from empty. This can be a problem in certain circumstances, instead of stopping at a gas station for a quick fill-up.

Lack of inventory. Tesla’s facility in Fremont, California, is one of the world’s most modern automobile factories, with large amounts (5.3 million square feet) of manufacturing and office space on 370 acres of land. Like many other corporations in the United States, Tesla has battled to balance worker safety and operational productivity to accomplish company goals with this single production location.

Lack of dealerships. Unlike other automakers, Tesla sells its electric vehicles directly to consumers in many states while operating stores. The lack of traditional dealerships makes the purchasing or lease procedure more complicated than it would be otherwise.

Putting aside the cons, Tesla has a lot to offer drivers of all kinds. Everyone can purchase them, from the business commuter to the road tripper to the performance enthusiast.