Cost Per Mile on Tesla Vehicles Reveals Interesting Results

Tesla Vehicles - Cost Per Mile

When you look at Tesla vehicles, one thing to gauge the value you are getting for the vehicle is the cost per mile. It isn't the only measure - things like performance, acceleration, longevity, room, and efficiency also matter.

But, for the purposes of this article, we are going to focus on cost per mile to see which vehicle gives you the most for your money. I will take the EPA range for each vehicle divided into the total cost of the vehicle to get a cost per mile. I will even take a guess at the Cybertruck and new Roadster coming out.

The long range Model 3 is coming soon, and I think we might see this one between $49,990 and $54,990.

Model 3 Vehicles (your standard luxury sedan):

* Standard range RWD: $43,990 / 272 = $162 cost per mile
* Long range (not available yet): $49,990 / 358 = $140 cost per mile
* Performance: $53,990 / 315 = $171 cost per mile

Model Y Vehicles (roomy and spacious vehicles):

* Long range RWD: $53,490 / 330 = $162 cost per mile
* Performance: $56,990 / 303 = $188 cost per mile

Model S Vehicles (high performance vehicles):

* Long range: $94,990 / 405 = $234 cost per mile
* S Plaid: $114,990 / 396 = $290 cost per mile

Model X Vehicles (roomy and high performance with falcon wing back doors):

* AWD: $109,990 / 351 = $313 cost per mile
* X Plaid: $119,990 / 333 = $360 cost per mile

Cybertruck (not released at the time of this article, these are guesses - also, quad-motor range will be between 400 and 500 miles of range in my opinion):

* Dual-motor: $59,990 / 300 = $200 cost per mile
* Quad-motor: $79,990 / 400 = $200 cost per mile
* Quad-motor: $79,990 / 500 = $160 cost per mile

New Roadster (Will be Tesla's fastest and quickest vehicle):

* One version: $200,000 / 620 = $322 cost per mile

The Tesla Model 3 long range is the king of cost per mile.

The king of cost per mile, if it is at the price above, will be the Tesla Model 3 long range. However, that isn't the only thing to consider. The Tesla Model 3 RWD can be charged to 100% regularly, because it has LFP batteries and without much battery issue, whereas, the Lithium-ion phosphate battery in the Tesla Model 3 long range will experience faster degradation when charging to 100%. That puts the Tesla Model 3 long range at about $155 when you take 10% off the EPA range, but it's still king.

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Tesla Vehicles - Other Considerations

There are a lot of other considerations to take into account when looking at the Tesla vehicle fleet. Things like acceleration matter to people. The top speed of the vehicle also matters to people. How much space is in the vehicle matters to people. The longevity of the vehicle matters to some - though all Tesla vehicles appear to be long-lasting.

There is a premium put on Tesla vehicles with better performance, with the highest premium for the new Roadster that has yet to be released. It will have 620 miles of range, a 0-60 mph time of 1.9 seconds and go up to 250 miles per hour or more. That's 50 miles per hour more than the Model S Plaid.

Top speed and acceleration matter to those who want to "flex" their muscles, but it's also a nice to have when you need to pass another car or get to where you are going quicker.

The look of the car matters to some as well, and you could take the following categories and give them each a weight:

* Cost per mile
* Amount of room inside
* How big the vehicle is and how much it can store/tow
* Look and style
* Colors available
* 0 to 60 mph time
* Top speed
* Total cost

For me, personally, I like the cost per mile the most and that I can charge to 100% battery without issue. For others, they may like a different style and want more space inside their vehicle. It all comes down to preference.

What do you think of Tesla's cost per mile for its vehicle? Is this a good measure to look at?

In Related News: Tesla Model Y to Lead European Car Market

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Tesla, Screenshot