Elon Musk has a good point.
Tesla Motors is worth $2.7 billion less than it is in 2017.
But what if you buy it for $7,000 a month and you buy more than $1,000 worth of cars a year?
That’s what Tesla has done.
In 2018, Tesla sold 5,700 Model S vehicles and sold 1,900 Model X cars.
Tesla sold 4,200 Model X SUVs and sold 2,700 Tesla Model 3s.
So what happens if you do that for each of those Model S and Model X vehicles each year?
What if you sell each Model S for $15,000?
Tesla sells all those Model X models for $12,000 and sells all Model Xs for $19,000.
What would you do?
Well, you would buy a Model S, and you would purchase each Model X for $25,000 or $30,000, depending on the model.
Tesla sells Model Ss for an average of $42,500 a year, but if you had a Model X SUV for $45,000 the price difference would be about $7.
So you would end up with $6,400 worth of Tesla Model X units.
Tesla does not release all of the data it uses to calculate Model X pricing.
But it is known that the average Model X costs $70,000 less than the average Tesla.
That means Tesla Model S buyers would end a year with $14,700 in savings over a year of buying a Model 3.
And it is estimated that Model X buyers would save $1.2 million over the same time period, because Model X is now cheaper than Model S. This isn’t just a question of price.
This is a question about economics.
What if your car cost $35,000 more than the one you currently have?
That would mean you’d pay more than you would for the Model X. Model X and Model S owners would be better off buying an all-electric car, like the Chevy Volt.
If you’re buying a car for your family, this is a very good idea.
If Tesla had made Model X more affordable, it could be a big part of your life.
If Elon Musk had sold his stake in Tesla, the company would probably be in much worse shape today.