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This math shows Tesla’s Model 3 is cheaper to own than Toyota’s Camry

Sam Korus
This math shows Tesla’s Model 3 is cheaper to own than Toyota’s Camry

The long-range Model 3’s sticker price is $44,500, roughly 85% higher than that of a Toyota Camry, yet ARK’s research shows that the Model 3 could be the better deal over a three-year period. According to KBB, over a three-year period the Tesla (TSLA)  Model 3 is likely to retain 69.3% of its original sales price, 20+ percentage points or 37% more than the Toyota (JP:7203)(TM) Camry, which will retain 48.6%.