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Tesla Model 3 used by Police Department reveals massive financial savings

Credit: Facebook/Westport Police Department

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The Westport Police Department in Connecticut has released a new financial analysis that is showing massive savings, as anticipated, after the purchase of a Tesla Model 3 that would be used as a police cruiser. The Police Department reports that it has already helped recoup the purchase price premium and helped save money for the department in its first full year of operation.

After purchasing a Tesla Model 3 in December 2019 and putting it to work in February 2020, Westport PD spokespeople said that the all-electric sedan has already exceeded expectations for performance, cost savings, and environmental benefits. After sparring with the idea of purchasing another Ford Explorer for the police fleet, cost-effectiveness became the big question. There is a $15,300 difference between the Model 3 and the Explorer, but Westport’s PD has no regrets about its decision.

Tesla Model 3 becomes first squad car for Connecticut police department

“The purchase price differential was recouped in the first year due to reduced customization and lower operating costs. All of these have been analyzed in detail,” the department said.

The EV Club of Connecticut completed a vehicle cost comparison analysis after the first year of ownership shows that, despite the additional initial cost of the Model 3, reduced maintenance costs, along with decreased customization needs for the Model 3, gave the department a savings of around $17,600. The ongoing cost of the Model 3 is comparatively less than that of the Ford Explorer based on routine maintenance and fuel costs.

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Credit: EV Club of CT

Additionally, the Police Department is also considering purchasing another Model 3 to add to its fleet. After four years of ownership of the “Pilot” Tesla that the department purchased in 2019, the total cost is projected to be $79,400. If another Model 3 is added to the fleet, after four years, it will cost $95,800. The Ford Explorer would be much more expensive, sitting at $120,200.

The Westport Police Department outlined several conclusions after the analysis.

  • After four years the Tesla will have saved enough money to buy another Tesla.
  • Each EV avoids emission of over 23 tons of CO2 per year and saves $8763 in environmental and health costs.
  • There is a $12,582 savings in fuel alone after four years from using electricity to power the vehicle.
  • Reduced maintenance. Regenerative braking means that the engine slows the car and recaptures some of the kinetic energy, replenishing the battery and reducing wear on the friction brakes. It is one example of how an EV saves on maintenance. Other examples are no oil changes, spark plugs, transmission, alternator, water pump, or catalytic converter.
  • Even during the winter months, the vehicle was able to consistently run two consecutive patrol shifts without needing to be recharged, and there were no operational issues related to charging and battery use.

Credit: EV Club of CT

The Town of Westport audited the financial analysis.

Chief Foti Koskinas, who was a vocal supporter of bringing the vehicle into the fleet, said, “Tesla has been a great partner, including re-coding where necessary. We would not have been able to do things like wire the electronics into the large battery or access the car’s computer without their help.”

Along with the massive cost benefits, the department says the instant torque and performance are key factors in overtaking a suspect’s moving vehicle. This increases the safety of the driver, officer, and other vehicles, as a traffic stop can be completed thanks to the lightning-quick agility of the Model 3 quickly.

Despite the large cost initially, the residents of Westport have been extremely positive. “Feedback from the public has been overwhelmingly positive, Charles Sampson of the Westport PD said. “We’ve have been contacted by at least 50 other police departments – from all over the world – with questions about our experience. I know many of them have gone on to purchase Teslas for their fleets.”

Don’t hesitate to contact us with tips! Email us at tips@teslarati.com, or you can email me directly at joey@teslarati.com.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla called ‘biggest meme stock we’ve ever seen’ by Yale associate dean

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Credit: Tesla

Tesla (NASDAQ: TSLA) is being called “the biggest meme stock we’ve ever seen” by Yale School of Management Senior Associate Dean Jeff Sonnenfeld, who made the comments in a recent interview with CNBC.

Sonnenfeld’s comments echo those of many of the company’s skeptics, who argue that its price-to-earnings ratio is far too high when compared to other companies also in the tech industry. Tesla is often compared to companies like Apple, Nvidia, and Microsoft when these types of discussions come up.

Fundamentally, yes, Tesla does trade at a P/E level that is significantly above that of any comparable company.

However, it is worth mentioning that Tesla is not traded like a typical company, either.

Here’s what Sonnenfeld said regarding Tesla:

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“This is the biggest meme stock we’ve ever seen. Even at its peak, Amazon was nowhere near this level. The PE on this, well above 200, is just crazy. When you’ve got stocks like Nvidia, the price-earnings ratio is around 25 or 30, and Apple is maybe 35 or 36, Microsoft around the same. I mean, this is way out of line to be at a 220 PE. It’s crazy, and they’ve, I think, put a little too much emphasis on the magic wand of Musk.”

Many analysts have admitted in the past that they believe Tesla is an untraditional stock in the sense that many analysts trade it based on narrative and not fundamentals. Ryan Brinkman of J.P. Morgan once said:

“Tesla shares continue to strike us as having become completely divorced from the fundamentals.”

Dan Nathan, another notorious skeptic of Tesla shares, recently turned bullish on the stock because of “technicals and sentiment.” He said just last week:

“I think from a trading perspective, it looks very interesting.”

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Nathan said Tesla shares show signs of strength moving forward, including holding its 200-day moving average and holding against current resistance levels.

Sonnenfeld’s synopsis of Tesla shares points out that there might be “a little too much emphasis on the magic wand of Musk.”

Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever

This could refer to different things: perhaps his recent $1 billion stock buy, which sent the stock skyrocketing, or the fact that many Tesla investors are fans and owners who do not buy and sell on numbers, but rather on news that Musk might report himself.

Tesla is trading around $423.76 at the time of publication, as of 3:25 p.m. on the East Coast.

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Tesla makes big change to Full Self-Driving doghouse that drivers will like

Now, it is changing the timeframe of which strikes will be removed, cutting it in half. The strikes will be removed every 3.5 days, as long as no strikes are received during the time period.

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tesla cabin facing camera
Tesla's Cabin-facing camera is used to monitor driver attentiveness. (Credit: Andy Slye/YouTube)

Tesla is making a big change to its Full Self-Driving doghouse that drivers will like.

The doghouse is a hypothetical term used to describe the penalty period that Tesla applies to drivers who receive too many infractions related to distracted driving.

Previously, Tesla implemented a seven-day ban on the use of Full Self-Driving for those who received five strikes in a vehicle equipped with a cabin camera and three strikes for those without a cabin camera.

It also forgave one strike per week of Full Self-Driving use, provided the driver did not receive any additional strikes during the seven-day period.

Now, it is changing the timeframe of which strikes will be removed, cutting it in half. The strikes will be removed every 3.5 days, as long as no strikes are received during the time period.

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The change was found by Not a Tesla App, which noticed the adjustment in the Owner’s Manual for the 2025.32 Software Update.

The system undoubtedly helps improve safety as it helps keep drivers honest. However, there are definitely workarounds, which people are using and promoting for monetary gain, and you can find them on basically any online marketplace, including TikTok shop and Amazon:

People are marketing the product as an FSD cheat device, which the cabin-facing camera will not be able to detect, allowing you to watch something on a phone or look through the windshield at the road.

The safeguards implemented by Tesla are designed to protect drivers from distractions and also protect the company itself from liability. People are still using Full Self-Driving as if it were a fully autonomous product, and it is not.

Tesla even says that the driver must pay attention and be ready to take over in any scenario:

“Yes. Autopilot is a driver assistance system that is intended to be used only with a fully attentive driver. It does not turn a Tesla into a fully autonomous vehicle.

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Before enabling Autopilot, you must agree to “keep your hands on the steering wheel at all times” and to always “maintain control and responsibility for your vehicle.” Once engaged, Autopilot will also deliver an escalating series of visual and audio warnings, reminding you to place your hands on the wheel if insufficient torque is applied or your vehicle otherwise detects you may not be attentive enough to the road ahead. If you repeatedly ignore these warnings, you will be locked out from using Autopilot during that trip.

You can override any of Autopilot’s features at any time by steering or applying the accelerator at any time.”

It is good that Tesla is rewarding those who learn from their mistakes with this shorter timeframe to lose the strikes. It won’t be needed forever, though, as eventually, the company will solve autonomy. The question is: when?

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Elon Musk teases the capabilities of the Tesla Roadster once again

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Elon Musk has once again teased the capabilities of the Tesla Roadster, fueling the anticipation that many have for the vehicle, despite it still having no public production or delivery date.

The Roadster is among the most anticipated vehicles in the automotive sector currently, and as Tesla has teased its capabilities, from a lightning-fast 1.1-second 0-60 MPH acceleration to potential hovering with cold-gas thrusters, people are eager to see it.

Although the design seemed to be finalized, there was still more work to be done. Earlier this year, as Tesla was showcasing some of the Roadster’s capabilities to Musk, he stated that it was capable of even more.

This pushed back its production date even further, much to the chagrin of those who have been waiting years for it.

Musk continues to tease us all, and as we sit here waiting hopelessly for it to be revealed, he said today that it is “something special beyond a car.”

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Musk’s words were in response to a video posted by Tesla China, showing the Roadster in a new promotional video created by a fan.

The Roadster was planned to be released in 2020, but here we are in 2025, and there is still no sign of the vehicle entering production. However, Tesla did say earlier this year that it would host a demo event for the Roadster, where the company would showcase its capabilities.

Lars Moravy said earlier this year:

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“Roadster is definitely in development. We did talk about it last Sunday night. We are gearing up for a super cool demo. It’s going to be mind-blowing; We showed Elon some cool demos last week of the tech we’ve been working on, and he got a little excited.”

Tesla exec gives big update on Roadster, confirming recent rumor

The delays have been attributed to “radically increased design goals” for the vehicle, which have, without a doubt, improved its capabilities, but at the same time, we just want to know if it’s ever going to come.

Tesla can always make it “better,” but at what point do you say, “Okay, it’s time to show this thing off.” They could always build another, even more capable supercar in the next ten years.

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