During COVID and in the immediate years after their production started used Tesla held value well. Now, their values are dropping off a cliff. They’re depreciating on par with used luxury vehicles. I suspect that as people continue to have battery failures as the fleet ages, their prices will drop even more sharply. Be careful buying a used EV.
From what I have noticed possibly. However there is awareness being raised that you could buy used and shortly after get hit with a 20k battery repair bill.
They’re not at all designed to be sold used IMO. Rather they are designed to be recycled and resold through Tesla.
Do they hold any value?
During COVID and in the immediate years after their production started used Tesla held value well. Now, their values are dropping off a cliff. They’re depreciating on par with used luxury vehicles. I suspect that as people continue to have battery failures as the fleet ages, their prices will drop even more sharply. Be careful buying a used EV.
This was the case for all vehicles at the time due to the supply chain shortages.
From what I have noticed possibly. However there is awareness being raised that you could buy used and shortly after get hit with a 20k battery repair bill.
They’re not at all designed to be sold used IMO. Rather they are designed to be recycled and resold through Tesla.