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Like Energizer Bunny the Tesla Model 3 Will Keep Going for a Million Miles

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Elon Musk tweeted that the Tesla Model 3 drive unit and body is designed like a commercial truck for a million-mile life. Current battery modules should last 300k to 500k miles (1500 cycles). Replacing modules (not pack) will only cost $5000 to $7000.

The Tesla Model 3 will keep going and going like the Energizer Bunny for a million-mile life. This would be five times more than regular cars which usually fail before 200,000 miles.

It should only cost about $12,000 for two battery pack replacements to enable a Tesla Model 3 to last 1 million miles.

In July 2018, Tesloop, a Tesla taxi company, said a Model S cars had passed the 400,000-mile mark and they expect it to last another 600,000 miles.

Self-driving cars may also increase vehicle life expectancy by reducing accidents. The biggest safety flaw in automobiles is human drivers: Ninety-four percent of crashes are due to human error according to the National Highway Traffic Safety Administration. Autonomous cars are meant to react faster than people and the vehicles’ cameras and sensors allow them to see more of the road, all of which could reduce accidents by 90 percent.

The average Uber ride costs $2 per mile today. Regular cars usually last for about 200,000 miles. A taxi based on regular cars could charge $1 per mile and generate $200,000 in revenue over their lifetime. A Tesla Model 3 would be able to generate $1 million in revenue with $49,000-62,000 in cost (assuming a $37,000-50,000 price and $12,000 for two battery pack replacements).

SOURCES- Twitter Elon Musk, AARP
Written By Brian Wang

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