VEHICLE COST ESTIMATE

2026 Tesla Model S: 5-Year Cost of Ownership

An estimate of what a 2026 Tesla Model S typically costs to own over 5 years, based on a real $138,800 market price and 31 kWh/100 mi.

Pricing data refreshed monthly · last updated September 2026

$93,770

$1,563per month, averaged

$1.56per mile

Where the money goes

Depreciation$70,566

Electricity$2,976

Insurance$9,500

Maintenance$2,300

Taxes & fees$8,428

Purchase price is a real median market figure from MarketCheck (pulled September 2026). This nameplate has no valid 5-year-old resale comparable right now, so resale value uses our Electric-class depreciation curve instead. Insurance and maintenance use published class averages described on our methodology page.

How it compares

The 2026 Tesla Model S ranks #15 of 15 electric vehicles in our database for lowest 5-year cost — $44,868 more than the average EV in our database ($48,902). Here’s how it stacks up against similarly priced rivals:

2026 Ford Mustang Mach-E

$47,7005-year total · $795/mo · $53,325 market priceFull breakdown →

2026 Cadillac Lyriq

$53,7505-year total · $896/mo · $67,209 market priceFull breakdown →

2026 Volvo EX90

$64,9585-year total · $1,083/mo · $86,590 market priceFull breakdown →

2026 Rivian R1S

$66,5145-year total · $1,109/mo · $88,990 market priceFull breakdown →

Where it costs the least to own

Gas prices, insurance rates, sales tax and registration fees change the 5-year cost of a 2026 Tesla Model S by about $14,986 depending on where you live.

Cheapest states

Most expensive states

Quick answers

How much does a 2026 Tesla Model S cost per month to own?

About $1,563 a month averaged over 5 years, or $93,770 in total. That covers depreciation, electricity, insurance, maintenance, and sales tax and fees, but not loan interest.

How much value does a 2026 Tesla Model S lose in 5 years?

About $70,566, or 51% of its $138,800 market price. That uses our Electric-class depreciation curve.

How much does it cost to charge a 2026 Tesla Model S?

At 31 kWh per 100 miles, 12,000 miles a year and $0.16/kWh, charging costs about $595 a year ($50/month) at home.

Is a 2026 Tesla Model S cheap to own compared with other electric vehicles?

It ranks #15 of 15 for lowest 5-year cost among the electric vehicles we track, costing $44,868 more than the average EV in our database ($48,902). It works out to about $1.56 per mile driven.

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