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Should I get a Tesla Model S now or wait for the Model 3?

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If you’ve been a follower of my posts, you’ll know that I’m an early Model S adopter who’s been salivating over every new feature Tesla has released since 2014. At the top of my list is all wheel drive (I live in New England) followed by Autopilot (I’m a geek who loves technology and I also drive a lot) and a nice-to-have such as automatic high beams.

I’ve been fighting the urge to upgrade my Model S for 2.5 years now and it certainly doesn’t help that Tesla has been so kind to remind me of all the newest features I don’t have.

I feel bothered by this for a couple of reasons:

  1. Tesla has repeatedly said they’re supply-constrained. They are supposed to have plenty of demand. So why chase existing owners repeatedly with a proposal that doesn’t seem to make sense? As an investor in $TSLA, this has me concerned.
  2. It doesn’t make economic sense for me to upgrade.

Let me explain.

Bear in mind that my scenarios may different from yours or someone else, but nevertheless I thought it’s worth sharing.

Scenario 1 – Upgrade now to a new Model S

If I were to get a new Model S I’d want one with at least the amount of range, if not more, than what I already have (85 kWh). This makes the Model S 90D my preferred choice. Features I opted out of from my first purchase could remain off. Smart Air Suspension: not needed. High Fidelity Sound System: nope. More power: tempting, but no thanks. However, I do want dual motor all-wheel drive and Autopilot, but you already knew that.

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Had I purchased late in 2014 (versus early in 2014) I wouldn’t have any appetite for a Model S or Model 3 at this point.

Configuring a new Model S 90D with my bare minimums costs approximately $110,000.

model-s-90d-price-list

Tesla’s “Full Self-Driving Capability” is one of the most questionable choices here and an option that could be skipped for a later time. My main question on this upgrade is whether hardware is bundled upfront and the feature gets “turned on” as a software upgrade at a later date or is the hardware a completely separate upgrade in itself. For me, I want all possible hardware upfront whether it be a  Model 3 or Model S.

My current Model S is at 70,000 miles, 2.5 years old and in perfect shape. Its value? $49,000 according to Tesla, as a trade-in. It could be a bit less now since the trade-in quote is several months old. What this means is that it would cost me nearly $60,000, out of pocket or through financing, to upgrade to the latest and greatest.

This excludes any benefits or tax incentives which may or may not be available for Scenario 2 below.

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Scenario 2 – Wait for Model 3 and trade in my Model S

Everything we’ve seen and heard about the Model 3 thus far implies that it will have all the same capabilities as the Model S but through add-ons.

The Model 3 appears to be 80-90% of the size of the Model S. The Model 3 seats 5 comfortably. The Model 3 will have the option for dual motors and all-wheel drive. And Tesla will obviously put a heavy emphasis on Autopilot and autonomous driving features on the Model 3.

If we take a look at the pricing model for the Model S and Model X, a fully loaded version of each vehicle is just over twice the base price. For example, the most basic Tesla Model S 60 today is $66,000 and a fully loaded P100DL is $160,000 (2.4 times the base). Since I would not want a fully loaded Model 3, I’ll use twice the base price for my sample calculation.

If the Model 3 truly starts at a base price of $35,000 and we double that to a “reasonably equipped” version, we can assume the price for the Model 3 can jump to $70,000 and beyond. Since there’s no question that my trade-in value will be less a year from now, and dropping from $49,000 to likely $40,000, my net out of pocket would be $30,000, or half the cost of upgrading now. That is a pretty wide gap!

So I wait

Each time Tesla contacts me with an upgrade opportunity, I ask the representative to provide a cost benefit on such an upgrade. And each time they ignore my reply. I personally think Tesla should at least respond to their current customers and provide an answer to a very reasonable question.

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Tesla is an amazing company, has great products and holds a bright future, but their sales team could do a better job in communicating the benefits for existing owners to upgrade. The recent price hike in the Model S also doesn’t help convince existing owners the value of upgrading versus waiting it out for the Model 3.

I question – Is there enough product differentiation between the Model S and the Model 3? From where I sit right now, no, there isn’t.

Are you a Model S owner getting the same emails? Are you a new buyer thinking about the Model S now versus waiting on the Model 3? I’d love to hear your thoughts on this. Leave me a comment.

"Rob's passion is technology and gadgets. An engineer by profession and an executive and founder at several high tech startups Rob has a unique view on technology and some strong opinions. When he's not writing about Tesla

Lifestyle

Tesla Cybertruck takes a bump from epic failing Dodge Charger

The Cybertruck seemed unharmed by the charging Charger.

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Credit: Hammer_of_something/Reddit

There comes a time in a driver’s life when one is faced with one’s limitations. For the driver of a Dodge Charger, this time came when he lost control and crashed into a Tesla Cybertruck–an absolute epic fail. 

A video of the rather unfortunate incident was shared on the r/TeslaLounge subreddit.

Charging Charger Fails

As could be seen in the video, which was posted on the subreddit by Model Y owner u/Hammer_of_something, a group of teens in a Dodge Charger decided to do some burnouts at a Tesla Supercharger. Unfortunately, the driver of the Charger failed in his burnout or donut attempt, resulting in the mopar sedan going over a curb and bumping a charging Cybertruck.

Ironically, the Dodge Charger seemed to have been parked at a Supercharger stall before its driver decided to perform the failed stunt. This suggests that the vehicle was likely ICE-ing a charging stall before it had its epic fail moment. Amusingly enough, the subreddit member noted that the Cybertruck did not seem like it took any damage at all despite its bump. The Charger, however, seemed like it ran into some trouble after crashing into the truck.

Alleged Aftermath

As per the the r/TeslaLounge subreddit member, the Cybertruck owner came rushing out to his vehicle after the Dodge Charger crashed into it. The Model Y owner then sent over the full video of the incident, which clearly showed the Charger attempting a burnout, failing, and bumping into the Cybertruck. The Cybertruck owner likely appreciated the video, in part because it showed the driver of the Dodge Charger absolutely freaking out after the incident.

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The Cybertruck is not an impregnable vehicle, but it can take bumps pretty well thanks to its thick stainless steel body. Based on this video, it appears that the Cybertruck can even take bumps from a charging Charger, all while chilling and charging at a Supercharger. As for the teens in the Dodge, they likely had to provide a long explanation to authorities after the incident, since the cops were called to the location.

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Anti-Elon Musk group crushes Tesla Model 3 with Sherman tank–with unexpected results

Ironically enough, the group’s video ended up highlighting something very positive for Tesla.

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Credit: Led By Donkeys/X

Anti-Elon Musk protesters and critics tend to show their disdain for the CEO in various ways, but a recent video from political action group Led By Donkeys definitely takes the cake when it comes to creativity.

Ironially enough, the group’s video also ended up highlighting something very positive for Tesla.

Tank vs. Tesla

In its video, Led By Donkeys featured Ken Turner, a 98-year-old veteran who served in the British army during World War II. The veteran stated that Elon Musk, the richest man in the world, is “using his immense power to support the far-right in Europe, and his money comes from Tesla cars.” 

He also noted that he had a message for the Tesla CEO: “We’ve crushed fascism before and we’ll crush it again.” To emphasize his point, the veteran proceeded to drive a Sherman tank over a blue Tesla Model 3 sedan, which, of course, had a plate that read “Fascism.” 

The heavy tank crushed the Model 3’s glass roof and windows, much to the delight of Led By Donkeys’ commenters on its official YouTube channel. But at the end of it all, the aftermath of the anti-Elon Musk demonstration ended up showcasing something positive for the electric vehicle maker.

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Tesla Model 3 Tanks the Tank?

As could be seen from the wreckage of the Tesla Model 3 after its Sherman encounter, only the glass roof and windows of the all-electric sedan were crushed. Looking at the wreckage of the Model 3, it seemed like its doors could still be opened, and everything on its lower section looked intact.

Considering that a standard M4 Sherman weighs about 66,800 to 84,000 pounds, the Model 3 actually weathered the tank’s assault really well. Granted, the vehicle’s suspension height before the political action group’s demonstration suggests that the Model 3’s high voltage battery had been removed beforehand. But even if it hadn’t been taken off, it seemed like the vehicle’s battery would have survived the heavy ordeal without much incident.

This was highlighted in comments from users on social media platform X, many of whom noted that a person in the Model 3 could very well have survived the ordeal with the Sherman. And that, ultimately, just speaks to the safety of Tesla’s vehicles. There is a reason why Teslas consistently rank among the safest cars on the road, after all.

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Tesla Model 3 driver is using FSD to travel to Mt. Everest Base Camp

The ambitious, nearly 4,000-kilometer (2,485-mile) Tesla FSD journey is being livestreamed on Chinese social media.

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Credit: Douyin 老高懂电车

Count on Tesla drivers in China to push Full Self Driving (FSD) as far as it could go. As could be seen in videos posted on Chinese social media, a brave Model 3 owner is currently going on an epic journey from Henan Province to the base camp of Mt. Everest on FSD.

Recent posts from the Model 3 driver suggest that the ambitious destination may be within reach.

Epic FSD Journey

As noted by Tesla owner-enthusiast Aaron Li, the journey from Henan Province to the base camp of Mt. Everest spans almost 4,000 kilometers (2,485 miles). The journey itself is epic, with stunning vistas and roads that require some drivers to bring oxygen canisters with them. The fact that it is being done using FSD makes it extra impressive. 

Based on the videos that have been recently shared, the Model 3 running FSD seems to be nearing the Everest Base Camp. There seems to be a good chance that the Tesla Model 3 may reach its destination this Friday.

Previous Everest Trips

This is not the first time that a Tesla has driven to Mt. Everest’s base camp.  That would be a Model 3 that was driven in September 2020. That vehicle, which went on a long 5,500 km (3,400-mile) journey, was manually driven to its destination. 

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In April 2021, Tesla China announced that it has completed the buildout of 11 Supercharger stations in the picturesque route from Chengdu to Tingri. This route would allow drivers to reach the base camp of Mt. Everest. Sure enough, in July 2022, Tesla China shared a video of two Teslas—a Model X and Model Y—reaching the Everest base camp without any issues. Numerous other Tesla drivers have since taken on the long, picturesque journey.

Check out this Tesla Model Y’s journey to the Mt. Everest base camp in the video below.

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