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.
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.
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.
Based