Purchasing Vehicles Other Than Tesla ‘Financially Insane’ According to Elon Musk

Tesla has been taking aim at ride-hailing giants Uber and Lyft with their plans to roll out one million robo-taxis by next year.

When it comes to the finances of driving, experts have come to agree that the coming decades will see far fewer professional drivers and the cost of ride-sharing go down as automation drives demand for driving services down. When it comes to the best financial choice for a vehicle, Musk makes no reservations in his claim that purchasing any vehicle other than a Tesla will soon be “financially insane.”

The CEO’s statement came during Monday’s highly technical presentation on the Tesla Network, which is effectively a ride-hailing platform for self-driven Tesla cars. Musk compares the choice to buy a regular vehicle instead of a self-driving Tesla as the same as buying a horse-drawn carriage when the first automobiles were coming out. If Musk was basing that statement off of the data we’ve seen regarding the future of human transportation, then he is arguably correct. We are moving towards a time where transportation will be seen more as a personalized service than it currently is.

When it comes to the finances of purchasing a Tesla, the current line of Teslas (Model X, Model S or Model 3) go for anywhere from $35,000 to $124,000 before deductions. The cars are of course electric, saving you untold amounts of money that would’ve been spent on gas over time. Otherwise, whether or not a Tesla is worth the cost is a question of individual driving/transport habits and the longevity of the vehicles.

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5 years ago
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