Tesla's aggressive price war on EVs has tumbled the value of its used cars. A new study suggests a new Tesla will depreciate three times faster than a Maserati.
The king is dead, long live the king. Those who own Maseratis are rejoicing today after they have learned their brand no longer sits atop the throne of depreciation. Instead, heavy is the head of Tesla. A new study by ISeeCars reveals that Tesla is the highest depreciating brand year-over-year, and it's not even close. The all-electric automaker beat out Maserati and Alfa Romeo, both brands that are known for heavy depreciation.
It's no secret that Tesla has been aggressive on its pricing. Hell, even the landscape of EVs has changed since last year. Many folks who couldn't easily benefit from the $7,500 EV tax credit to their taxes can now apply it at the point of sale. That subsidy alone surely crushed used EV prices. It's important to note that it isn't just Tesla dropping in value. All used EVs tend to depreciate heavily depreciating.
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