Chewy13
https://ts.la/nick670348
nah. not really.
first of all the cost of gap insurance for the Tesla will be $500 (or higher) from a third party .... Some dealers LOVE pushing gap insurance like no tomorrow because it makes them a lot of money.
second... with 20% down (and assuming you finance for ~5yrs) ... the car value would have to drop quickly for gap insurance to make sense. You are already 20% into the loan when you drive off the lot and then every month add more equity. in the worst case you should always have a few $k for rainy days and repairs saved regardless.
It's $78/year for me through my car insurer. I put a fair amount down on a 6 year loan, but at the rate Tesla was dropping prices - I wanted the peace of mind that if someone destroys the car, I'm not stuck making up the difference if the price kept dropping. I can remove the loan insurance anytime I want.