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code_runner
2y ago
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They dropped the price of a new model a few times recently which meant used cars dropped that much more. I think that’s what is being referenced here.
Otherwise, the (mostly) static nature of Tesla models kept the used Tesla market in decent shape
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seshagiric
2y ago
Yeah, say I brought the car for $70K. 2 weeks later Tesla reduced the price by $12K. So, it's now $58K, and then you add depreciation...If I were to sell the car today (within 1 year of buying) I'd be looking at $35-40K!
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