That is the culmination of the data-driven work done by Ben Sullins to date. He began redirecting the attention of his YouTube channel after he sold his Tesla Model 3. So he decided that it was time to take a look back at where it all started, sharing with the world his Model 3 cost-of-ownership details.
If you’re a Tesla fan, it’s hard to imagine that Ben Sullins is not familiar to you. Around four years ago, he bought his first Tesla. Sullins has developed a YouTube channel, Teslanomics, focusing on data collection and reporting. Who knew that it would grow as big as it did? If you’re a Tesla fan or a Sullins fan doesn’t matter, but there’s no discounting the fact that his massive collection of data is very helpful to current and future EV owners.
Early on, Sullins provided deep dives into EV ownership prices, explicitly associated with Tesla’s first affordable, mass-market offering, the Tesla Model 3. For years, he has been compiling data, and it’s finally time to share the entire collection.
This isn’t the standard cost analysis of 10,000 miles with the normal projected depreciation, but rather every penny Sullins spent from the day he purchased his Model 3 until the day he sold it. You would be hard pressed to find a more complete picture, with real numbers and no assumptions or projections. Moreover, it turns out to be a bit of a history lesson about Model 3, from its introduction to the shifts in pricing, features and offers to the present.
Ultimately, Ben’s Tesla Model 3 three-year cost-of-ownership works out to $26,639. Based on Edmunds info, that is a little more than owning a Honda Accord, and much less than owning a BMW 3 Series, Mercedes C-Class, or Lexus IS.
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