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6 months agoDuring 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.
Not to mention, 5 years in after you’ve invested in the power improvements to your house to allow charging, if your battery fails I guess fuck you? $20k to keep rolling lol. Think that’s part of why the used market is showing huge depreciation for EVs. No one wants to spend 20k for a used vehicle with a ticking time bomb 20k repair guaranteed some time in the future.