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But what isn't being addressed is depreciation.
The SECOND that those new cells hit the 3 and Y, the values of the previous 3 and Y will decrease substantially.
When did Tesla remove the unlimited warranty? Here's an excerpt from 2020 warranty document:
View attachment 597298
If I had to drive 50k miles I would find a new job. My next choice would be to find a car I really really enjoy.
cost to maybe replace something in 4 years is Not high on my list
Li-ion and lithium batteries have known to have "dead cells" over time. EVs are supposed to ignore the slight drop in voltage when they die - but the bigger concern is heat generated from these dead cells.Hey guys, I just finished an "extremely long" thread (681 posts) discussing battery life/repair/eliminating single bad cells/warranty remanufactured replacements/real battery replacement costs after warranty (with invoices)/etc. There may be a huge elephant in the room that all Tesla owners should consider (and plan for). Lots of unknowns, but some great discussion, support data, vendor videos, and alternatives to replacing entire pac. Interesting that a single cell (one of over 7000) can go bad and if fuze does not break, it can degrade entire pac). Think you might find much here to think about.
However, as you read this, don’t jump to conclusions and avoid any “fear motivation”. Just think about how you might plan for the future. Until the “Tesla silence” on MY battery replacement costs abates, I plan to start a separate savings account for battery replacement after warranty. I have always kept my ICE cars for no less than 12 years and do my own maintenance, but I may consider a new approach by selling our MY while battery warranty still good and buy the next one. My wife loves this car (June 2021) and I plan to buy another MY next summer.
Sorry I am new and do not know how to "link a thread". Here is the thread title. Perhaps one of you can link thread to this discussion. Hope this is helpful.
Service says $22k for new battery on 2012 Model S
Thanks, and at the high level, I am sure you are correct (plus we love our MY). However, our annual mileage will deplete the battery warranty in about 3 1/2 years. Reading past threads demonstrate a variability in battery life for a variety of reasons. I am very comfortable with gracefully losing range over 5/10/15 years and adjusting travel. However, on the flip side, where BMS shuts down a battery and the car is suddenly not drivable, that's where the expense will probably hit.Big elephant in the room? By the time our batteries will require replacement (assuming normal wear and tear) this will have been figured out and cost less than today. I'd take that money and invest it. That way by the time your battery needs replacement, you'll have enough to afford a new car. (Note: this should not be construed as financial or investing advice.)
Warranty is 8 years/120,000 miles. MY has only been around for about 18 months. Currently, the replacement battery costs can best be guessed at by looking at older Model S batteries. Although not identical it does show that Tesla isn't much into fixing a pack as opposed to replacing at around 20K. Tesla parts and labor rates are very high. Best hope for longtime owners is that as battery tech improves and cost per unit decreases, we (hopefully) see much cheaper pack replacements several years down the road.We drive 50k miles per year with our Prius Prime. I would be out of warranty in around two years. I'm quite interested to know the replacement cost of the MY battery. Has anyone driven over the warranty for a MY?
I drive a Model 3 LR with over 129k miles, so this topic interests me. I asked the local Tesla mobile service manager (who is also a Tesla owner and member of the local owners club) what he thought Tesla would charge to replace my pack if it went bad. He said it would just be a guess since no one has needed one, but probably around $15k. He was also quick to point out that these packs are very hearty and likely won’t need replacing for hundreds of thousands of miles. Capacity will degrade over time, but replacement is highly unlikely. He ran a diagnostic on my battery and said it is very healthy, showing no issues whatsoever.Warranty is 8 years/120,000 miles. MY has only been around for about 18 months. Currently, the replacement battery costs can best be guessed at by looking at older Model S batteries. Although not identical it does show that Tesla isn't much into fixing a pack as opposed to replacing at around 20K. Tesla parts and labor rates are very high. Best hope for longtime owners is that as battery tech improves and cost per unit decreases, we (hopefully) see much cheaper pack replacements several years down the road.