TSLA - Why This Tesla Data Point Could Change the Chinese Auto Industry Forever
Tesla (NASDAQ: TSLA) is world-famous for its sleek electric vehicles (EVs) and it has emerged that its EVs could also be extremely durable.
According to Tesloop, a shuttle service that uses Teslas, every Tesla that the company has used that hasn't been in a collision is still in service. Many Tesloop Teslas have surpassed 300,000 miles and some are nearing 500,000 miles. Tesloop's Tesla mileage compares very favorably to conventional cars that normally last around 150,000 miles.
Tesloop's Tesla maintenance costs are also competitive. In terms of maintenance per mile, Tesloop estimates that its maintenance cost per mile is roughly in line with the average maintenance cost per mile of conventional vehicles of around US$0.06. Going forward, Tesloop believes the Model 3 will have even better maintenance economics.