Model Y Ownership Costs: Beyond the Four Cents Per Mile
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Tesla Model Y Ownership: Beyond the Four Cents a Mile
While Tesla Model Y owners boast about driving for just four cents a mile, the true cost of ownership includes rapid depreciation, insurance, and maintenance. Home charging costs around four to five cents per mile, while supercharging can reach ten cents per mile. Insurance premiums average twenty-seven to thirty-five hundred dollars a year, and repair costs are higher due to specialized parts. Maintenance is favorable with no oil changes and long-lasting brakes, but tire replacements are frequent and expensive. Overall, the Model Y saves on energy and routine upkeep if charged smartly, but depreciation and insurance make it no financial home run.
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