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But Tesla isnt necessarily cheap, though some models do have a reasonable starting price.
Heres why he thinksits still a good buy.
Teslas innovative technology and strong brand loyalty have created a unique market position.
The market for EVs is growing, but Tesla still stands out for itsunique business model.
That same mission has helped Tesla create a very successful business.
Unlike many other car manufacturers, Tesla has a direct sales and service model that means no franchised dealerships.
Tesla has made continuous advancements in areas like battery technology.
Of course, this is something that improves vehicle performance.
But at the same time, it also strengthens the companys position in therenewable energy sector.
Tesla doesnt just produce cars either.
These are mobile technicians who will make house calls for those who need the extra support.
Theres even a remote option for those who prefer a less hands-on experience.
The companys ability to generate buzz and maintain a loyal customer base gives it an advantage over traditional automakers.
As an investor, this translates into a potential forlong-term growth and value appreciation.
According to Solar Reviews, new Teslas cost anywhere from about $38,990 to $116,630.
Many Tesla models are also eligible for a federal tax credit of $7,500.
This can bring down the base price and make them more accessible to new buyers.
Then, theres the added financial benefit of saving on gas.
Right now, Tesla is one of the most popular electric car makers out there.
In fact, Cox Automotive reported that the company holds roughly 49% of theEV market share.
This makes for a solid long-term investment, both on a personal and financial level.
Its about being part of a revolutionary shift in how we think abouttransportation and energy.
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