• ButtermilkBiscuit@lemmy.world
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    6 months ago

    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.

    • gianni@lemmy.ca
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      6 months ago

      During COVID and in the immediate years after their production started used Tesla held value well.

      This was the case for all vehicles at the time due to the supply chain shortages.