The Real Price of Owning a Tesla Model 3

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The cost of owning a Tesla Model 3 is significantly higher than that of comparable vehicles.

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Insurance, taxes, and registration for a Tesla are likely to be more expensive than for other vehicles.

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Extra taxes of up to $3,000 may be required of you, depending on where you live.

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Costs to operate an electric vehicle are expected to be significantly higher than those of a gasoline-powered vehicle, even after purchase.

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However, Tesla Model 3 owners can take advantage of the generous federal tax credits provided to EV buyers,

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as well as the long-term savings in maintenance and repairs that come with owning an EV.

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It all boils down to whether you're willing to spend more money up front on a car that may save you money in the long run.

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