Exploring the speaker's journey of upgrading their Tesla, advantages and disadvantages of owning a Tesla, range anxiety and charging limitations, evaluating the worth of upgrading a Tesla, and the factors influencing the decision to upgrade the Tesla.
Tesla vehicles offer fast acceleration and require less maintenance compared to traditional cars, thanks to their simple components and use of electric motors.
Upgrading from a Model 3 to a Model X may not be financially prudent, but factors like full self-driving transfer, price reductions, upgraded warranty, entertainment options, and family satisfaction influence the decision-making process.
Deep dives
Pros of owning a Tesla
One of the pros of owning a Tesla is the speed. Tesla vehicles are known for their fast acceleration. Additionally, Teslas require less maintenance compared to traditional cars due to their simple components and use of electric motors. The technology in Teslas is another positive aspect, with intuitive interface and over-the-air software updates. The integrated charging network also provides convenience for long road trips.
Cons of owning a Tesla
One major concern is range anxiety, as the actual range of a Tesla is lower than the advertised range when charged to 100%. The minimalist interior may not provide the luxury feel of other high-end cars. Pricing uncertainty is another drawback, with Elon Musk occasionally slashing prices and creating instability. Battery uncertainty is a concern, as the warranty is limited and the cost of battery replacement is not clearly known.
Was the upgrade worth it?
While the financial aspect of upgrading from a Model 3 to a Model X may not be the most prudent decision, there were other factors to consider. The full self-driving transfer and price reductions influenced the decision. The upgraded warranty, entertainment options, and satisfaction of family members also played a role. This decision reflects the journey towards financial abundance and the ability to make choices based on personal preferences.
Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode