Mr. Money Mustache has taken a ride in a Tesla. He says a number of things that were news to me. First, he says the car in question, the $75,000 Tesla S, was the best-selling luxury car in the United States in 2015, claiming over 25% of market share. It’s electric, powered by a rechargeable battery. You can drive about 3 hours and then have to stop to charge for 30 minutes. Tesla has built a network of thousands of free, solar-powered chargers “in the U.S. Europe, China, and elsewhere”. And this car is self-driving right now on the highway, although a person has to take control in the city. All these were things I expected to see commercially widespread in maybe 5-10 years, with skeptics saying 20+ years, but I had no idea they were widespread and commercially available (okay, to be honest, available to the rich) right now. Prices will come down.
He goes on to talk about how self-driving, solar-powered cars could change cities:
Although only multimillionaires should even consider buying a car this expensive, there’s nothing inherently expensive about electric car technology in general. Almost half of the cost of this car is in the battery, and the price of that technology has been dropping like a stone – down by over 80% in just the last 10 years. Tesla just announced their next car, the Model 3, which is almost as good by any reasonable standard and will sell for $35,000. General Motors has a competing model called the Bolt that will be ready much sooner, and all the other car companies are scrambling to catch up…
But the real way to win the car game is not to play it. The best life is spent not sitting on your buttocks within the confines of a car, but using the fine muscles within that curvaceous piece of engineering to thrust your legs downward as you provide your own propulsion. And that’s why I’m excited about what Tesla is doing.
They started deliberately at the top of the market by making prestigious and fun toys for rich people, because we’ll buy anything. But in the long run, the cars are destined to become ever-cheaper, and to be bought by the million by fleet companies like Uber. With cheap autonomous driving at our fingertips, you can summon a car for the time you need it, and then it can promptly go off and serve somebody else. Thus, won’t need to consume our cities with large parking lots, and we won’t need huge garages at home. It might even replace the expensive hassle of local-scale public transportation that we’ve struggled with for so long.
I for one am looking forward to hearing friends and neighbors fret less about parking, get out there and thrust those buttocks!