Tesla Model S · Cost of Ownership
Tesla Model S Costs
The average cost of owning a Tesla Model S for 5 years is $64,531. This total will vary per vehicle, driver, and location. These ownership expenses include:
Cost breakdown
5-Year Cost Breakdown
| Cost | Value | Percent |
|---|---|---|
| Depreciation | $34,960 | 54% |
| Interest | $12,671 | 20% |
| Insurance | $10,250 | 16% |
| Fuel | $4,500 | 7% |
| Maintenance | $2,150 | 3% |
Value rating
Tesla Model S CarMatch Value Rating
This grade is our unbiased financial assessment of whether the Tesla Model S is likely to be a good or poor automotive investment, based on its 5-year cost to own relative to its price. Learn more about our Value Ratings.
Depreciation
$34,96054% of 5-yr costDepreciation is the value the Tesla Model S sheds over five years — almost always the single largest cost of ownership. Models that hold their value shrink this number dramatically.
Insurance Premiums
$10,25016% of 5-yr costEstimated full-coverage insurance premiums for the Tesla Model S over five years. Your actual rate depends on driving record, location, and coverage level.
Maintenance & Repairs
$2,1503% of 5-yr costRoutine service, wear items, and out-of-warranty repairs for the Tesla Model S. EVs and simpler powertrains typically land at the low end here.
Loan Interest
$12,67120% of 5-yr costFinance charges on a typical 60-month loan for the Tesla Model S at current average APRs. A larger down payment or shorter term reduces this.
Fuel Costs
$4,5007% of 5-yr costEstimated fuel or charging cost to drive the Tesla Model S ~15,000 miles a year for five years, based on its powertrain and typical energy prices.