The reason for this difference in the price of Tesla (TSLA stock price) cars like Model S Sport Sedan, Model X Crossover, and the upcoming Model 3 Family Sedan with other companies is designed and engineered from the ground up as an electric vehicle. The company didn’t have to make all the compromises that other automakers completed to package EV elements in packages that were never intended to contain them. One of the reasons traditional automakers were hesitant to make electric cars (EVs) was that the costs were so high that the cars became exorbitant when it came to consumers.
Roadster offers supercar performance without supercar emissions. The efficiently designed Zero Emission Roadster can travel 245 miles on a single charge. The charger can connect to almost any outlet in the world. Therefore, Tesla cars can be bought at a relatively high price. The flagship base price for the 2020 Model S Sedan is $ 74,990 and the Model X is $ 79,990. But why are Tesla cars so expensive?
Tesla was also founded and managed by a squad of engineers who worked on the thought that cars are fun to drive, environmentally friendly, and that performance and environmental considerations are not mutually exclusive. Tesla isn’t cheap, but fans are happy to pay for it. Compared to traditional and hybrid vehicles, Tesla’s fully electric vehicles are more expensive. For example, the starting price for the 2020 Model S flagship sedan is $ 74,990. The handcrafted carbon-fibre roadster is the entry point for premium electric vehicles.
An attractive frame made of extruded aluminium with rivets with elastic joints adds rigidity and strength to a lightweight body. Demand for Tesla cars is high and the company is not keeping up with production, leading to a waiting list of expired cars. Besides the high demand, another reason for the high price of Tesla cars is the high cost of the batteries that power the car. The electric power train provides unmatched responsiveness. The Roadster is an addition of the driver and responds instantly. A non-compulsory customizable suspension allows the driver to regulate the handling to their liking.
The Model 3, Model S, and Model X are three of the safest vehicles NHTSA has ever tested, and each Tesla is equipped with an industry-leading automated security system. Teslas are designed with redundant hardware for highly reliable performance. Another reason Tesla cars are expensive is that Tesla’s approach to software is one notch higher than that of its competitors. In the past, cars were big machines with little computers. Now Tesla is a good company to invest, you can check its balance sheet at https://www.webull.com/balance-sheet/nasdaq-tsla before buying its stock.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.