Tesla Model S is becoming popular among wealthy

  • It's not surprising that Tesla Model 5 has become the most-registered new car in eight of the country's richest neighborhoods. 

    The battery-electric car, which costs over $100k has become the latest status symbol among the wealthiest. 

    "Influential people set trends while the mainstream aspires to follow," Analyst Jessica Caldwell wrote. "With the proclivity of tech geek being chic, the Silicon Valley area will set trends faster than traditional high-income markets like New York."

    Toyota Prius had gained popularity a few years ago when Leonardo DiCaprio arrived in a Prius for the Academy Awards. 

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