Used Tesla prices are plunging in the latest troubling sign for Elon Musk

Tesla Model S Lost The Most Value On The Used Market Last Year, And Three Other Teslas Made The Top 20 List

The Tesla Model S and Model X ranked 3rd and 9th on the list of the 10 vehicles with the highest 5-year depreciation, and that depreciation is gaining momentum.

Prices for used Teslas are cratering as Elon Musk's woes deepen

Tesla has been hit by a wave of protests over Musk's efforts to slash the federal workforce.FREDERIC J. BROWN/AFP via Getty ImagesUsed Tesla prices fell over 10% year-over-year in March, per iSeeCars data.It comes as owners sell off their vehicles in droves amid a growing backlash against CEO Elon Musk.Musk's work at DOGE has fuelled protests and vandalism against Tesla and hit the company's sales.Tesla resale values are cratering as owners sell…

Used Tesla prices are plunging in the latest troubling sign for Elon Musk

Overall used car prices increased last month for the first time in two-and-a-half years — but not for every automaker. Tesla (TSLA) topped the list of used cars with the biggest yearly resale price drops as the company continues to see its value crater amid the public’s negative association with CEO Elon Musk.Read more...

Used car values may have largest monthly drop this year, Cap HPI says - Aligra.co.uk - Temporary or Permanent Recruitment

August’s average used car value is heading for a close to 2% drop, potentially the largest yet this year, as the market “realignment” continues, says Cap HPI. Average used car values have continued their decline, at the mid-August point by 1.2%, which has led director of valuations Derren Martin to forecast around a 2% drop by the month-end, which will be the biggest in 2023. In July, values fell by 1.9%. “We’re going through a realignment on pr…

Tesla tops list of brands with biggest drop in used car pricesAccording to iSeeCars research, used Tesla prices have fallen the most. The Model S has fallen 17.2%, the Model 3 has fallen 10.9%, and the Model Y has fallen 13.1%.

Used Tesla Prices Are Plummeting

A new study reveals used Tesla prices saw the biggest drop year-over-year. Learn how it compared to other brands.