Tesla Model S Racks Up Big Miles

(RTTNews) - Tesloop, a Tesla car taxi company, recently announced that one of its Model S touched the 300,000-mile mark. According to the firm's calculations, the savings have been massive.

The firm says that after 300,000 miles, its first Model S' maintenance and "fuel" costs totaled only $10,492. Majority of cost or about $6,900 was just scheduled maintenance fees, with another $3,500 for to repair a headlamp after the car drove through deep water.

Fuel costs were negligible as the Model S accessed Tesla's Supercharger network. However, if Tesloop had to pay to charge, 300,000 miles would equate to $12,872 at 12 cents per kilowatt-hour.

Meanwhile, Tesloop estimates a Mercedes-Benz S-Class would have used $36,000 in fuel with maintenance costs of $52,000 over the same number of miles. A Lincoln Town Car would have used $42,000 in fuel and $28,000 for maintenance.

Tesloop founder Haydn Sonnad said, "Over the last two years, we have seen that electric, supercharged vehicles can be deployed at utilization levels unheard of with gas vehicles. And while saving over $60,000 on fuel and maintenance is a substantial economic win, we feel the bigger win is that this car is ready for another 900,000 miles over the next 6 years under its current warranty. A gas car with 300,000 miles would be near the end of its useful lifespan. This means that the economics for mobility services on electric is more attractive than non-electric vehicles by a multiple, and when combined with autonomous driving features, the economic advantage in cost per mile will create unprecedented disruption in the overall automotive industry."