Tesla may be discontinuing its Model S electric vehicle, but used models remain available at significantly reduced prices. New Model S sedans start at $94,990, while used ones can be found for under $18,000 on platforms like Carvana. This depreciation creates buying opportunities for interested drivers.
The Tesla Model S, introduced in 2012 as one of the first mainstream electric luxury sedans from an American automaker, has seen its popularity fluctuate over the years. Despite potential discontinuation to make room for projects like Optimus bot production, the vehicle continues to hold a place in Tesla's history as a pioneer in clean energy transportation.
Current market listings highlight the extent of depreciation. A brand-new Model S starts at $94,990. In contrast, used models are available for much less. On Carvana, several Model S electric vehicles are listed under $18,000. These were originally priced around $70,000 when new, representing a depreciation rate of over 74%. The most affordable option is a 2014 model at $17,590 before taxes and fees, offering 302 horsepower and an original driving range of 208 miles, though battery degradation may reduce this figure over time.
CarMax also features used Model S options, with a 2021 Long Range Plus model starting at $34,998. These prices are notably lower than the average new vehicle cost of around $50,000, making the Model S more accessible.
The Model S stands out for demonstrating that electric vehicles can be engaging and practical daily drivers, akin to sports cars. It paved the way for competitors in its segment and remains impressive despite market rivals.
Prospective buyers should consider electric vehicle ownership challenges, such as needing a reliable charging plan for commuting and long trips. Battery degradation is a key factor affecting practicality, particularly for older models. A used Model S suits drivers with home charging setups or those seeking Tesla's quick acceleration and performance.
