One concern about electric vehicles is battery longevity. As the battery is used, charged, and discharged, its useful life is depleted. This is seen in cell phones. Many cell phone users notice that their battery doesn't last quite as long after 2 or 3 years of use.
First, Gemmingen's battery was replaced at 746,000 miles, still quite the feat when many believe electric car batteries won't last 100,000 miles.
He is still using the second battery, meaning his current battery has over 250,000 miles of driven distance. Although, Gemmingen acknowledges that he has also had the electric motor replaced 8 times. Luckily, the Model S has an 8-year, unlimited mile warranty on these parts, so they were all covered under warranty.
Next, Gemmingen is planning on purchasing his next EV. He is pondering buying the Lucid Air, and setting new all-electric records.
Meanwhile, Benzinga data shows analysts are overwhelmingly bullish on Tesla's stock, with 11 Buy ratings and two Overweight ratings.
Originally published on June 19, 2022
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