8 Hidden Expenses TESLA Will NOT Tell You About

Uncovering 8 hidden costs of owning an electric vehicle, especially a Tesla!

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▬▬▬▬▬▬ Contents of this video ▬▬▬▬▬▬

0:00 - Intro
0:12 - Hidden Cost #1
1:45 - Hidden Cost #2
3:20 - Hidden Cost #3
5:14 - Hidden Cost #4
7:41 - Hidden Cost #5
9:23 - Hidden Cost #6
10:46 - Hidden Cost #7
11:45 - Hidden Cost #8

[MattDanadel]

What are your thoughts on the Tesla Model Y?

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[markcain]

My 240 volt outlet cost me about $300. 70 feet from breaker box. The money saved not having to buy fuel is wonderful. Spent $180 in the last year. About 12000 miles. The state of Georgia charges $200 a year for electric vehicles. Got to pay those road taxes. Roads and bridges you know. Love my MYP.

[Chrissyankids]

I came to argue because I thought it was going to be a Tesla bashing video, but it was on point and honestly I wish it was things I knew before I bought my car. The check I had to write when I got my tags hurt so much!

[rickeybarnes]

My 2021 Y Performance has 43, 500 miles presently and I had those p zeros that lasted 22, 000 miles on the back tires. Replacing them cost me 1, 000 bucks! At 39, 000 miles I switched to Gemini wheels and all season continental. Much cheaper to replace and a little bump in range increase at around 20 miles total range 😊

[TheJohndoes]

Hi I’m in the UK and I’ve had a M3P for over 3 years and it’s had about forty visits to Tesla for warranty work over that time, but I went to book it back in for the suspension knock again (changed 3 times over the years) but this time they wanted me to pay £99 to book it in for the warranty work this is their new charge for warranty work

[kyleb]

Oregon's registration can be pretty steep. I paid I believe $300ish for my used Nissan Leaf. However, an interesting thing I learned while trying to research the cost of owning a Tesla: we have a program called OReGO that charges about $0.02/mile to help repair roadways and bridges and if you're signed up for that, registration drops to around $80/$160 for a used/new EV.

[cherokeec]

You should have balanced this with a 7 unexpected savings elements as there are a lot I didn’t originally factor into my cost savings calculations. 1. Utility special EV charging rate of 6cents / kWh. $200 for 12K miles. 2. Free charging - my last 3000 mile trip, had almost 1/3 of the charging was free. Hotels, local city chargers, Cape Kennedy, relatives house, etc. This equals over $250/ year for me 3. Work mileage rebate from IRS not adjusted to EV’s yet, so I make $100 in profit every time I drive to airport for work travel of pure profit as I am paying $0.02 / mile and getting $0.65 IRS credit based on gas vehicles 4. HOV lane pass - convenient. 5. Utility $120/year ($10/month) direct bill credit for signing up for EV pulse to auto schedule at lowest cost tier. This is literally 250 miles for free each month paid by the utility. 6. Maintenance costs so far non-existent. I am sure others can come up with one more. This puts my total savings over $2K per year and I don’t drive that much.

[TanCreti]

Thank you. Overall tesla's tire cost is a plus due to long life. But do not forget to budget for snow tires since regular performance tires will not be suitable in snow areas.

[poweredbyalpaca]

To install the wall charger 75 feet away from my breaker on the outside wall of my house cost me $2, 300 before buying the wall charger itself. I received 3 quotes that were all within this range. The material to install it myself would have cost a little less than $700. The amount labor involved is probably 2 hours with easy access to all joists and no drywall work. Expect to get taken on an absolute ride by electricians. In the end I opted to have the work done for liability reasons but its a fairly simple install.

In addition my driving record is flawless and my insurance went up $65 a month with the Tesla coming from a 2017 Toyota 4Runner TRD Offroad.

[jrsands]

In late September 2023 in California it costs about $100 to fill an empty tank (17 gal x $5.80/gal). I fill up 3 times a month driving about 15K miles/yr. Annually gas costs about $3, 600. Plus oil & filter changes a few times a year adds another $400. That $4, 000 annually is a lot more than these expenses you’re pointing out that, YES, Tesla does tell you about.

[bklyncyclist]

The biggest expense is body repair. It can cost almost the price of the car to repair body damage that might cost 3-4k in any other car. My insurance covered mine, and they did beautiful work, but I would think twice about buying another one because of this cost. Surprisingly the insurance company did not raise my rate, but maybe that's because it is already baked into the high rate I'm paying. Many of these "hidden costs" are also true on any other car.

[mrvoyagerm]

Ontario Canada has stopped charging licensing fees altogether. You simply renew online at no charge.

[kennethgordon]

Just an added thought for disabled veterans. Depending on your state and the percentage of disability you have you may be able to get reduced registration fees. And you may even be eligible to get reduced property taxes as well. In NV and at 60% disability they knocked off more than $400 in DMV fees when i bought my model Y.

[austinharris]

Just ordered my model y performance yesterday. I’m about 45 minutes east of you. I’ll probably end up taking delivery in Nashville. What would you rate your experience?

[guerinheckman]

Enjoy your videos. Very informative.

Texas just passed a new bill that adds $400 initially, with a subsequent $200 per year over the standard registration fee.

[josephraffurty]

Installing a 240v outlet or wall charger can get even more expensive than stated if you have factors such as a) the garage is a separate unit rom the house and/or you need to add a sub panel because where you park is far from the main panel. I have both issues and my quote was for $5500 to install outlet, sub panel, digging a trench in the yard to run conduit, etc. Some homes just have less ideal setups for you to install. So I am looking at a more diy approach to cut costs, but a qualified electrician will still be needed to help make sure it is done right. Definitely need to budget to prepare for these expenses.

[JacksonWalter]

1:05 just got hit with the $400 EV registration fee in Texas. It literally just started this month too and I could have narrowly avoided it if my Model Y wasn't delayed by an additional 4 weeks after the estimated delivery date. I'll have to pay it eventually, but it would have been nice to delay it by a year.

[xyzxyz]

My daily roundtrip commute is 96 miles and I used to pay over $300 a month to gas up my prius in California. I pay nothing to charge my Tesla with solar so I save nearly $4, 000 a year in gas savings.

[jtkrpm]

Higher insurance, expenses relating to charging (I actually moved to have a garage and a charger)

[pegefounder]

08:20 I am driving a Dacia Lodgy in Austria and need for 70.000 km 6 tires (I have to exchange the front wheel tires twice as often than the real wheel tires) for 50 € each.
Considering a Tesla Y, I was shocked by the tire prices. I researched the theme.
The cheapest winter tire for the Y is in 235/55 R18 for 70€
The cheapest winter tire in 255/45 R19 is 110 €.