Is a 2020 Tesla Model 3 long range a good car?
Effortlessly quick acceleration, more range than many other EVs, impressive array of technology features. Real-world highway range doesn’t match EPA estimates, some quirky interior controls. A successful distillation of Tesla’s ethos into a more affordable and accessible package. Tesla maintenance costs are a testament to the efficiency and innovation of electric vehicles. With fewer moving parts, more advanced software and a commitment to sustainability, Tesla owners can enjoy lower upkeep costs compared to traditional vehicles.Rapid Advancements in Technology From Autopilot to battery innovations, Tesla vehicles often feature the latest in EV tech. However, this constant innovation means that newer models often outshine their predecessors, leading to faster depreciation of older vehicles.Issue: Over time, Tesla batteries may lose capacity, reducing the vehicle’s range. While Tesla batteries are designed to last for hundreds of thousands of miles, factors such as extreme temperatures and frequent supercharging can accelerate degradation.Perhaps the biggest difference is the additional driving range, made possible by a combination of new battery cells, the addition of a heat pump system, and Tesla’s nonstop efforts to increase overall efficiency in its vehicles. However, there are other improvements, as you’ll see in the videos.
Is a used Tesla 3 a good buy?
But should you buy a used one? Well, probably – yes. The Tesla Model 3 is a relentlessly brilliant electric car: one of the fastest charging, longest range and most technically advanced electric cars on sale. There are lots of used electric cars that offer value for money and the Tesla Model 3 is one of them. It packs serious performance, is practical and still feels modern.
Why doesn’t Warren Buffett buy Tesla?
Tesla, meanwhile, has made headlines in 2025 for a range of developments, including price cuts, Chinese competition and questions about its long-term direction. Buffett’s approach to value investing and Tesla’s unique risks might help explain why Berkshire does not have a stake in the automaker. High Pricing And Limited Access. Tesla cars remain costly in most markets. Even the entry models are out of reach for many average earners. This makes it hard to compete with carmakers offering cheaper options.Issue: Over time, Tesla batteries may lose capacity, reducing the vehicle’s range. While Tesla batteries are designed to last for hundreds of thousands of miles, factors such as extreme temperatures and frequent supercharging can accelerate degradation.In what experts have deemed a mass exodus, a steady flow of high-ranking executives and managerial employees have been leaving Tesla since 2024. This trend displays a growing discontent with the automaker following the company’s shift toward robotics and artificial intelligence.
Why are Teslas so cheap to maintain?
Electric vehicles like Teslas also save on maintenance. Annual costs are around $500, much less than many gas cars. This is because they have fewer parts and use regenerative braking, which helps brakes last longer. When comparing Tesla to gas cars, long-term savings are a big plus. Typical annual maintenance spend for popular Tesla models, often lower than comparable gas cars. Independent estimates suggest many Teslas see around $1,200–$2,400 in non‑collision repair costs over 5 years, often back‑loaded as the car ages.The cost of a new Tesla battery ranges from $5,000 to $20,000, and you’ll need to replace the battery every 10–20 years. The in-demand minerals required to make electric vehicle batteries — such as nickel, cobalt, and lithium — contribute to their high cost.
Are Teslas expensive to fix?
Typical annual maintenance spend for popular Tesla models, often lower than comparable gas cars. Independent estimates suggest many Teslas see around $1,200–$2,400 in non‑collision repair costs over 5 years, often back‑loaded as the car ages. Maintenance and Insurance Costs While there may be no oil changes, Teslas are not immune to problems. If something goes wrong, such as an electronic door latch or a faulty touchscreen, you could have to fork over $1,000 for the repair.Tesla Models 3 and Y are equipped with 50-82 kWh batteries depending on trim level. These batteries have been in use since the Model 3’s release in 2018. The cost to replace one of these batteries is estimated to be $11,000-$14,000, not including sales tax or labor.A 2019 Tesla Model 3 has depreciated $15,246 or 47% in the last 3 years and has a current resale value of $16,950 and trade-in value of $15,450. A 2019 Tesla Model 3 has depreciated $15,246 or 47% in the last 3 years and has a current resale value of $16,950 and trade-in value of $15,450.The cost of a Tesla Model 3 battery replacement will vary based on the battery type and service provider but will be in the range of $10,000 to $20,000. Third-party service providers like GreenTec Auto offer more affordable pricing with extended warranties available.The cost of replacing a Tesla’s transmission oil is estimated to be around $150 to $200. Newer Tesla models feature enhanced oil filtration systems, allowing the lubricant to remain effective for extended periods, often exceeding 100,000 miles without requiring changes.
Why is everybody selling their Teslas?
But Musk’s influence within conservative politics has inspired a growing segment of people to ditch their Tesla, as they don’t want to be connected to Musk and had tied his political actions to their ownership of vehicles produced by his company. Tesla lost $15 billion in brand value in 2025 as Musk stepped deeper into politics, research shows. The value of Tesla’s brand dropped 36% in 2025, marking its third straight year of declines, according to research and consulting firm Brand Finance.