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Tesla kills resale value with the way it operates.
- Thread starter meomyo
- Start date
Kruegmeister
Member
2012 $365K McLarens go for $100K
Tired of people complaining about Tesla Depreciation.
If you do not like Depreciation DO NOT buy new.
Tired of people complaining about Tesla Depreciation.
If you do not like Depreciation DO NOT buy new.
For our 2012 S P85, it depreciated at about the same rate as our previous ICEs - roughly 2% per month. Because the S P85 was significantly more expensive, the $ amount of depreciation was higher, but the % depreciation rate was in the same ballpark as our previous ICEs.
With two exceptions, since Tesla first producing the S, they've kept prices pretty stable, each year offering more range and features for roughly the same price.
When AP2 was introduced, Tesla increased prices through the activation fees for EAP and FSD, resulting in about a $10K price increase for customers buying both options.
And this year, due to a combination of the disappearing US tax credits, lower priced Model 3 and imminent EV competition, Tesla lowered prices (about 20%).
We can't fault Tesla for continuing to add new capabilities - without any significant price increases. All products with new technologies go through this - with prices going down and functionality increasing as the technology matures.
We can't fault them for lowering prices this year - even though it adversely impacts the value of vehicles previously sold to Tesla customers - if they hadn't brought the prices down - they would have struggled to sell as many vehicles - which would have had an impact on all of Tesla's customers.
Though by continuing to introduce new improvements as soon as they are ready - and keeping roughly the same pricing, Tesla is going to make it even more difficult for other manufacturers to compete head-to-head with Tesla...
It's likely Tesla has stabilized prices - and that they'll maintain the current price points for the S/3/X models - and bring in the Y for slightly higher than the 3, like the difference between X & Y. And we should expect them to continue to add new capabilities each year - likely seeing improvements in range and charging next year for X & Y, with longer life battery packs - and doing that at about the same price as this year's models.
As an owner of a 2017 S and 2018 X, we were initially frustrated in the likely 20% loss of future resale value for our current vehicles - though if we trade them in for new Tesla vehicles in the future - those replacement vehicles will also likely be about 20% less expensive, so it all works out in the long run...
With two exceptions, since Tesla first producing the S, they've kept prices pretty stable, each year offering more range and features for roughly the same price.
When AP2 was introduced, Tesla increased prices through the activation fees for EAP and FSD, resulting in about a $10K price increase for customers buying both options.
And this year, due to a combination of the disappearing US tax credits, lower priced Model 3 and imminent EV competition, Tesla lowered prices (about 20%).
We can't fault Tesla for continuing to add new capabilities - without any significant price increases. All products with new technologies go through this - with prices going down and functionality increasing as the technology matures.
We can't fault them for lowering prices this year - even though it adversely impacts the value of vehicles previously sold to Tesla customers - if they hadn't brought the prices down - they would have struggled to sell as many vehicles - which would have had an impact on all of Tesla's customers.
Though by continuing to introduce new improvements as soon as they are ready - and keeping roughly the same pricing, Tesla is going to make it even more difficult for other manufacturers to compete head-to-head with Tesla...
It's likely Tesla has stabilized prices - and that they'll maintain the current price points for the S/3/X models - and bring in the Y for slightly higher than the 3, like the difference between X & Y. And we should expect them to continue to add new capabilities each year - likely seeing improvements in range and charging next year for X & Y, with longer life battery packs - and doing that at about the same price as this year's models.
As an owner of a 2017 S and 2018 X, we were initially frustrated in the likely 20% loss of future resale value for our current vehicles - though if we trade them in for new Tesla vehicles in the future - those replacement vehicles will also likely be about 20% less expensive, so it all works out in the long run...
BigNick
Infamous Fat Sweaty Guy
Hard to get "comp" prices when trying to sell yourself when Tesla plays games with used car prices.
