Depreciation

Automotive YouTuber Kyle Conner purchased a Tesla Model S for $140,490 in 2022, only to find its trade-in value drastically reduced two years later. Tesla offered $46,400 for the vehicle with 37,000 miles, representing a 67% loss. Comparisons to similar gas-powered cars highlight the stark difference in resale values.

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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.