Who Typically Buys Expensive Teslas and Why They Make the Choice

When discussing Tesla purchases, the debate often revolves around affordability and practicality. This article delves into the characteristics and motivations of individuals who opt for the pricier Tesla models like the Model S and Model X, alongside those who choose the more affordable Model 3. We will examine the reasons behind these decisions and offer insights into the broader implications of these choices.

Why Poor People Can’t Afford Tesla

The initial statement suggests that while some may not be able to afford a Tesla due to its high price, personal savings and practical considerations make it a viable option. The author mentions investing in a new car over a decade, saving for a total of over 13 years, and highlighting that the total cost of ownership, including reduced fuel costs, is lower in comparison to traditional cars. This illustrates that financial prudence and long-term costs are significant factors in choosing to buy an expensive car like a Tesla.

Who Reluctantly Sees the Value in Mid-Range Teslas

For those considering the Model 3 and Model Y, the perception of these vehicles as expensive might still hold sway. However, the reality is quite different. The Model 3 starts at $37,000 after a $7,000 instant tax credit, making it cost-effective compared to the average new car price of $45,000. This can be further contextualized by comparing it to a VW Jetta, which can sometimes cost the same amount, or even more, than a Model 3. Thus, the desire for practicality and affordability often drives people to these models despite misconceptions about their high cost.

Expensive Teslas: More Than Meet the Eye

The Model S and Model X begin at $60,000 and $80,000, respectively. While people often argue that such prices are not "worth it," several factors make these vehicles appealing. The Model X offers more towing capacity and a faster acceleration, which can be significant for those who often tow or require quick, sharp performance. The cheetah stance and easy entry doors add an extra layer of functionality and luxury that some buyers find indispensable. As the author points out, the additional features in the Model X are priced at $30,000, which many might decide to forego in favor of more financial stability or alternative investments.

Moreover, the choice to opt for the Model X or another pricier option like the Rivian R1T demonstrates that luxury and utility come at a cost. People who prefer the extra features and functionality of the Model X are more likely to prioritize these aspects, whereas others might see them as unnecessary expenses. The author's preference for the Model Y, accompanied by a comparison to the Rivian R1T, emphasizes that cost is just one factor when it comes to choosing between these options.

The True Value Proposition: Utility and Luxury

For those who do purchase the Model X, it is clear that they see added utility and luxury as worth the extra expense. The additional towing capacity, better acceleration, and luxury features like the cheetah stance are crucial for some, even if they cost more. These buyers are willing to spend the extra money because the vehicle provides value that aligns with their needs and preferences.

However, it's essential to note that these expensive features are not universal among all Tesla buyers. Practical concerns like cost and long-term value still influence many decisions. The Model 3 offers much of the same technological and practical benefits at a lower price point, making it a popular choice for those who prioritize affordability.

Conclusion

Expensive Teslas like the Model S, Model X, and Model Y are often chosen for their advanced features, performance, and the added luxury they provide. For those who can afford them, these options represent a premium experience that justifies the higher cost. Meanwhile, the Model 3 and Model Y represent a more accessible option, offering practical benefits at a cost-effective price. Understanding these differences can help buyers make informed decisions based on their individual needs and financial considerations.

Whether someone buys the Model S or Model 3, the final decision is often about prioritizing either practicality, luxury, or a balance between the two.