A Deep Dive Into Tesla Depreciation
Notice that the price of a used Model 3 started out costing almost triple the price of the average used car and now is only $8,002 higher.The tax credit for 2018 was $7,500, so the net price of the 2018 LR-AWD was $53,667 minus $7,500, which equals $46,167.
I looked at TSLA-EV again to find 2018 LR-AWD prices, but this becomes skewed because Tesla adds either Enhanced Autopilot or Full Self Driving to these cars to increase their selling price. These cars sold for an average of $38,000 and have an average mileage of 34,000 miles. So they have depreciated an average of $8,167 from the 2018 purchase price, and $5,490 from the 2023 purchase price. You should add about $5,000 to adjust for the options .
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