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.
Root = sell
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.
Based