Tesla cars lose their value even faster than a Maserati, study says

Still not great. Know someone with an M3P that's a year or so old, and got rear ended in a fender bender.

It took some time for the "approved" body shop to source the new bumper cover, but at least the car was driveable in the interim.
It's a problem with a lot of newer cars. I've never had a less than 5 year old vehicle that wasn't a backorder or wait on some specific body panel or lighting assembly in an accident. I think Tesla gets more press for it, but It's not that different for many modern vehicles.
 
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Even after this drop, used EV prices are still way too high for what they are and have a long way to go lower. I hope the manufacturers keep doubling down and mass produce hundreds of millions of EVs in a few short years. Supply massively outstripping demand is the only way for meaningful price reductions. Purchasing a used EV is a risky move at any price. A few battery cells gone bad are guaranteed to (economically) total the car at an unknown time, not to mention guaranteed capacity drop over time even with no sudden failure.

Either of the 3 cars in my current fleet are more useful and valuable to me than any EV currently in production. An EV for short trips would be nice to have but I wouldn't consider it a replacement for a real car with real range. Every time I throw away a smartphone with a failed rechargeable battery is a reminder of the fate that awaits all EVs on the road today.
 
Still not great. Know someone with an M3P that's a year or so old, and got rear ended in a fender bender.

It took some time for the "approved" body shop to source the new bumper cover, but at least the car was driveable in the interim.
There are now a number of quality aftermarket body parts for Tesla's various vehicles. And the cars are popular enough that there are "hot rod" style body parts too. Including carbon fiber fenders and bumpers, body kits, etc. Clearly, aftermarket stuff may not be everyone's first choice, as aftermarket quality can be spotty, but it is a choice.

Because these cars are so popular, there is also a thriving market for used, OEM body parts. Generally pulled from wrecks.
 
When I worked sales at a Lexus Dealership we had a guy bring his barely 6 month old Tesla model X. He had one of the first deliveries in the country. He lived in Vail and had a two mile long unpaved driveway. Tesla sales associates swore up and down how capable the model x was, and he'd never get stranded. Granted his situation is very rare in the USA. Never the less he paid $140,000 plus tax title license etc. The dealership gave him $90,000 on trade. He traded it for a Lexus GX460 that with full-time 4wd with low range can actually go off road.
If you need low range for your driveway time to think about moving or improving your road.

Reality is AWD is software and early version might not do as well in tougher conditions especially rushed to market vehicle.
 


This spike was the period where there was a significant wait for new vehicle and people were taking delivery and flipping them.

This selling for a premium was part of what led Elon to make the claim that between this and the upcoming FSD (lol) people that owned one had an "appreciating asset." They did for a short time.
 
If you need low range for your driveway time to think about moving or improving your road.

Reality is AWD is software and early version might not do as well in tougher conditions especially rushed to market vehicle.
Exactly. I don't really care about AWD as much as I used to. We've owned AWD cars and we don't now. It's not that I don't like AWD, I just don't see a point in it when it can't be locked in and unlike many I don't think it's a requirement of a vehicle to live in the climate I do. Once I owned a truck with lockers that's the only way I would have any care to have all 4 wheels driven. AWD while pretty trick and clever only reacts while slip is happening. Of course in a performance car this is huge in even somewhat adverse conditions. Once it gets really bad or treacherous 4WD is the only answer.

It doesn't help that the Tesla tries to stay in 2WD as much as possible for range. I don't think there's a way to tell it to stay active even at low speeds. I figure that would be simple enough because there isn't any part of it that requires mechanical engagement from my understanding. They just aren't apply power to the front motor when it's not commanding AWD.
 
When I worked sales at a Lexus Dealership we had a guy bring his barely 6 month old Tesla model X. He had one of the first deliveries in the country. He lived in Vail and had a two mile long unpaved driveway. Tesla sales associates swore up and down how capable the model x was, and he'd never get stranded. Granted his situation is very rare in the USA. Never the less he paid $140,000 plus tax title license etc. The dealership gave him $90,000 on trade. He traded it for a Lexus GX460 that with full-time 4wd with low range can actually go off road.
Anyone that can’t at minimum look at the tires and reali3 the off road prowess, or lack thereof, is an idiot. A rich idiot perhaps, but an idiot all the same.

Any Tesla is a car with four motors. It’s so apples to oranges from a Land Cruiser that it’s just laughable. This person must not have been vary observant.
 
Anyone that can’t at minimum look at the tires and reali3 the off road prowess, or lack thereof, is an idiot. A rich idiot perhaps, but an idiot all the same.

Any Tesla is a car with four motors. It’s so apples to oranges from a Land Cruiser that it’s just laughable. This person must not have been vary observant.
There's not a single Tesla that has 4 motors.
 
Ok then front and rear. Or whatever it is, I really don’t care. It’s a car with some wheels, possibly all wheels driving. So what? So is an Audi.
I'm not sure I understand what the point was that you were explaining. Was it that the vehicle would have been adequate with the right tires? I'm just trying to understand because I'm not sure ICE SUV was the actual solution to the problem, just the perceived and expensive lesson losing money on a trade.

That and I thought it was a steep driveway, not going offroad. I might have misread that detail from Prizm.
 
Equipped with proper tires I would have to assume the Model X would outperform a Lexus GX460 in terms of traction (on-road) except in rare circumstances.
 
I think leasing is definitely the way to go, especially to test out if an EV fits your lifestyle.

Regardless of what people think of Tesla/Musk I feel the article statement is true of all EVs, not just Tesla. Battery life is just too big of a question mark. Buying a used EV is more comparable to buying a used laptop or smart phone.
It's somewhat of a question but I'd put money on a Tesla battery making 150k over a Hyundai engine :D.
 
Equipped with proper tires I would have to assume the Model X would outperform a Lexus GX460 in terms of traction (on-road) except in rare circumstances.
That was my point. Not so much out performing, but the vehicle with the best tires for the situation is going to do best. Worst case scenario you shut the TCS off on the Tesla which is called "slip start mode" and keeps both(or all 3 in the Plaid) motors active and allow wheel spin.
 
Battery life may be a problem for other EV makers but it isn't for Tesla. Remember the claims of a million miles ? Even if those claims are optimistic how many owners are going to keep a car for more than 10 years or 150,000 miles ?
Comparing Tesla's depreciation to a Maserati ? Can you say a manipulated survey ?

You Doubting Thomas's assume that the worldwide conditions that led to Tesla's meteoric rise in sales and stock value were a one time phenomenon. Those who forget the past are doomed to repeat it and all that.....

But I guess it makes you feel good to bash Tesla, Elon and EV's in general.
Wow I'm an EV advocate but this is pretty over the top.

At least some of Tesla's recent problems with resale value are due to their own price cuts. They have made it more advantageous to just go buy a new one than to look at a used one.
 
There are now a number of quality aftermarket body parts for Tesla's various vehicles. And the cars are popular enough that there are "hot rod" style body parts too. Including carbon fiber fenders and bumpers, body kits, etc. Clearly, aftermarket stuff may not be everyone's first choice, as aftermarket quality can be spotty, but it is a choice.

Because these cars are so popular, there is also a thriving market for used, OEM body parts. Generally pulled from wrecks.
It's unfortunate that it takes as long as it does for wrecked Tesla parts to hit the secondary or mainstream market. If you ever browse Manheim, IAAI, or other auctions you'll see row after row of Model 3 and Y's with very little damage that according to Tesla are "Totalled ". According to many customers the "Tesla insurance opportunity" is not good. Recently it was ranked 37th out of 40 insurance companies.
 
It's unfortunate that it takes as long as it does for wrecked Tesla parts to hit the secondary or mainstream market. If you ever browse Manheim, IAAI, or other auctions you'll see row after row of Model 3 and Y's with very little damage that according to Tesla are "Totalled ". According to many customers the "Tesla insurance opportunity" is not good. Recently it was ranked 37th out of 40 insurance companies.
What do you mean? Getting parts off of wrecked cars? I don't think the the aftermarket is very strong here with confidence on working on them. There's a couple of shops, but it's still small. I would attempt it on my own for my own repairs as I always have, but I am not in a position to really test this out and open my own shop. I think the opportunity is there, but it'll take time to become mainstream. Too many are scared of the high voltage, but as someone who has worked on many Teslas and hybrids the high voltage stuff is very well marked.
 
What do you mean? Getting parts off of wrecked cars? I don't think the the aftermarket is very strong here with confidence on working on them. There's a couple of shops, but it's still small. I would attempt it on my own for my own repairs as I always have, but I am not in a position to really test this out and open my own shop. I think the opportunity is there, but it'll take time to become mainstream. Too many are scared of the high voltage, but as someone who has worked on many Teslas and hybrids the high voltage stuff is very well marked.
There are only two shops in the entire country that will repair the original roadster. A few years ago Musk said that Tesla will no longer work on them. Will this be the case with the Cybertruck or other Tesla vehicles down the line?
 
There are only two shops in the entire country that will repair the original roadster. A few years ago Musk said that Tesla will no longer work on them. Will this be the case with the Cybertruck or other Tesla vehicles down the line?
At least for awhile. The Roadster was extremely low production. That was never going to be anything more than a niche product. There's at least incentive to be able to fix the cars in the aftermarket, whether that results in it actually happening is another thing. I think it'll likely not become commonplace until there are a lot of cars out of warranty. They just have really long warranties and I'm sure the vast majority will go back to Tesla within that period.
 
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