[quote=LAAFTERHOURS]
In my post I mentioned my child will be driving in 7 years (at best). Assuming that in 7 years my Model 3 will be heavily used for 3-4 years, the car will probably be valued in the high teens on resale. A new corolla runs roughly 17k and up. My first car was a hand-me-down Jeep Grand Cherokee. When the Jeep was new, the car was pushing 30K but it was used and probably valued in the high teens when it was handed over to me.. Pumping cash into that thing weekly sucked as a teen. My point was that getting a first car that is a used electric car not requiring gas money on a weekly basis (which is something all or most of us had to do) is a nice benefit on top of the car itself.[/quote]

I think it’s impossible to say what a first model year Tesla 3 will be worth 7 years down the road if not 5 years down the road. Toyota has a long track record of dependable cars. I think it’s a bit of a stretch to compare value of a first year model year car to one that has a proven track record. The very first Tesla model S’ have been on the road for just over 3 1/2 years now. Who knows how well they will function in 3 to 4 more years. What maintenance they might need what battery issues there will be. What electrical issues it might have etc. Certainly it would be fun to try out a Tesla model 3, but I don’t know that I’d be going all in on it. Maybe in 10 years nobody will want a car that doesn’t have a self driving capability.