Video Summary
Here's a summary of the key points from the video review of the Tesla Model X:The Model X, acquired in March 2023, has seen a significant price drop since purchased; an additional $20,000 price reduction after the initial discount made during purchase. However, this price reduction has brought it within the tax credit eligibility range.
Purchasing the base trim Model X without additional options is necessary to qualify for the tax credit unless buying full self-driving where one paid option is free to be included. The $6,500 six-seat configuration can be applied without disqualifying for tax credits, along with the base color and wheels.
With these options, a Model X is $27,000 less than what was spent on the reviewed car. This illustrates the value ride many Tesla owners have unfortunately experienced. Teslas peaked in price around 2021-2022 and have since decreased, a trend not always beneficial for early adopters. Early adopters have taken a hit on the value of their vehicles, in this instance costing 50% of the car's value over the past 2 years with 30,000 miles.
However, falling prices with new technology are natural. The technology advances so quickly, resulting in cost efficiencies.
The vehicle, while rated at 330 miles of range with the 22-inch wheels, consumes about 347 Wh per mile. The Model Y, in comparison, averages 313 Wh per mile. While the Model X has 4% more rated range, the reviewer experiences more "real world" miles on the Model Y.
During 30,000 miles, the reviewer’s charging has been 76% at home, 22% at superchargers, and the remainder on random chargers at no cost. This equates to $1,180 in home charging at 13 cents a kilowatt hour and $930 supercharging at 36 cents.
Overall energy consumption was about 12,000 kWh, although the car reports only about 10,300.
To summarize, Model X is rated at 4% more range but the reviewer actually reports a real world range as lot better with the Y. One reason that could be that this car actually consumes more energy on the highway, but real world range on this car, even though it's rated a little bit higher than the wide is a lot better on range, than our model Y is.
The Model X with a 100 kWh battery pack versus an 82 kWh pack in the Y is about 22% larger in capacity, yielding an actual extra 26 miles of real-world range, and superior supercharging performance, for a true 10% increase, or more miles per charging minute, than the Y.
The Model X's complexity has also increased the maintenance burden.
Although electric vehicles save on fuel and the maintenance needs have largely been met under warranty, there are some things that need to be addressed.
Things that worked well: Great size, a six-seat configuration, and falcon wing doors, while unique, have proven trouble-prone, leading to rattles.
Also, the paint on the Tesla has been known to be somewhat sub-par.
However, with all things said and done, the electric vehicle saves 50% or $1,685 each year in electricity versus premium gasoline for a car that would get just 22 mpg.
There's one final important thing: The reviewer said that Model X sales peaked in 2021–2022. He paid $109,460, but now that car is listed at $84,990. The bottom line is that there has been huge price depreciation. "Is it still worth it?" That question is a little tricky.
It would be better to purchase a leased vehicle that is new but has seen a recent decrease in price and that qualifies for the tax break so all those incentives could go into the lease.
