It’s like browsing through old photo albums: it is nostalgic and unpredictable. Tesla cars themselves are not just about cruising along on futuristic technology. They all have their own story, and some are even suspense novels, regarding depreciation. Have you heard of the Model S before? It is an older sibling of the Model S, and a car that has a lot to tell. However, its fall from grace isn’t exactly a plunge, nor does it have new-car energy. Now, for the specifics: Older Model S cars will hold their value like an unfinished sandwich left in your office refrigerator – read this.
Alarming? It may be alarming, but it is still a popular car. The car’s rich, patrician laurels have been appreciated. Model S is like an old rock band that, although they don’t dominate the charts any more, still manages to pack mid-sized clubs with loyal fans.
Model 3 is a real cherry in this fruit salad. Its depreciation is a smoother curve, reminiscent of a child’s slide. The Model 3 could lose between 10 and 15% of its original price in three years.
It’s a comfort, at the very least, to know that you can still get a great deal of value for your money, even in an environment where car depreciation is often compared with throwing cash in a fireplace. Model X with those oh so-look-at me! doors is a great surprise. The value of gull wing doors is shattered pretty fast. It’s like opening a gift, finding socks in it, then unwrapping the paper.
What is the cause of these differences?
Although it may sometimes feel like rocket science, it’s really not.
The initial price, the demand-supply equation, as well as all of the hype about battery life and tech upgrades, can be confusing. Even the most valuable vehicle can be wiped out by the Tsunami wave of new technology.