What will battery day do to our resale values?

[insaneoctane]

I'm excited about battery day. 1M mile batteries, V2G, cobalt-free, industry leading power density, etc...Great stuff coming for sure, but I'm thinking my 2018 TM3 is going to take it in the shorts due to what's going to be announced. I get that Tesla is always innovating, but I suspect this event will impact my resale more significantly than most in the coming years.

 

[kengchang]

New battery won't go into main stream S3XY, I am expecting Tesla to create higher tier of product.
S/X Plaid and 3/Y Long Range Plus with hefty premium

 

[mrbulk]

It might keep some buyers from buying until the "better newer stuff" comes out (Osborne Effect).

 

[TexanEV]

New battery won't go into main stream S3XY, I am expecting Tesla to create higher tier of product.
S/X Plaid and 3/Y Long Range Plus with hefty premium

How hefty?

 

[kengchang]

How hefty?

Largely depends on how much range improvement and any other benefits that goes with it

 

[ucmndd]

You’re thinking too much.

 

[ellett]

Look at history. Did the Model S and Model X "take it in the shorts" when the Model 3 came out. Model S and X resale values seem to be pretty good to me. Are Model 3 resale prices "taking it in the shorts" now that the model Y is available to order?

There will certainly be a modest drop, but existing models should retain most of their value.

Besides, who's looking to sell? I'm planning on driving my Model 3 for many years.

 

[run-the-joules]

It's not like they're going to announce immediate updates to product. It's going to be like autonomy day where there's a bunch of hype for features we won't see available to the consumer for years.

 

[one2many]

OK rumor that in 2024 we can have 1 million miles battery, car
can go 400 mph. First with my current usage that car will last 100 years.
Second I do not live on the salt flats either. I am sure its been a while
that anyone has gone 100mph to work in LA in rush hour.
Battery development is going forward very fast, google is your friend.
The demand of cars is somewhat fickle. Anyone who buys a new car will
at some point take it in the shorts. Enjoy the best production EV in the world
and as we all say "its that Tesla smile" every day that counts.

 

[DBV1]

That will be nice, but would be great if you could double range too.

 

[one2many]

10 years at best for double the range

 

[LBusDoor90]

Look at history. Did the Model S and Model X "take it in the shorts" when the Model 3 came out. Model S and X resale values seem to be pretty good to me. Are Model 3 resale prices "taking it in the shorts" now that the model Y is available to order?

There will certainly be a modest drop, but existing models should retain most of their value.

Besides, who's looking to sell? I'm planning on driving my Model 3 for many years.

Exactly. I’m planning on being buried in mine.
I’m 52.

 

[CapeOne]

MS and MX resale values have definitely taken a hit, and advancing technologies plus new competition will continue to impact prices and resales. Just look at how much sticker prices dropped over the last 2-3 years. Today's MS Performance with 10% more range starts about $45k less ($37,500 less after $7,500 federal tax credit from 2017) than a 2017 MS Performance did. These sorts of price adjustments directly impact resales.

 

[EVDRVN]

Exactly. I’m planning on being buried in mine.
I’m 52.

When all the interior pieces rattle off you may just get what you asked for

 

[EVDRVN]

Don't worry everyone, MY and COVID 19 are going to do more damage to M3 resale. Besides Tesla counts on you to buy another car every few years before the warranty expires,

 

[SageBrush]

I'm excited about battery day. 1M mile batteries, V2G, cobalt-free, industry leading power density, etc...Great stuff coming for sure, but I'm thinking my 2018 TM3 is going to take it in the shorts due to what's going to be announced. I get that Tesla is always innovating, but I suspect this event will impact my resale more significantly than most in the coming years.

Hedge with TSLA

 

[Knightshade]

MS and MX resale values have definitely taken a hit

Morso from the ~$40,000 price drop on the P100D than from tech upgrades in newer S cars.

The 3 doesn't have that issue- new price today, net, is about the same (in some cases HIGHER) than during the tax credit years.

 

[LBusDoor90]

When all the interior pieces rattle off you may just get what you asked for

I made my only other 2 cars, a `91 manual Ford Escort and a `05 Prius, last 15 years each and both were still solid and able to be sold at the end. I have similar faith in the crew at Fremont (with a battery pack replacement or 2 on my way to 6 feet under).

 

[Mikedrives]

I am sure its been a while
that anyone has gone 100mph to work in LA in rush hour.

I saw a lot of people driving 90 and 95 through downtown Chicago during rush hour in the early days of the Covid shutdown, as I was passing them.

 

[CapeOne]

Morso from the ~$40,000 price drop on the P100D than from tech upgrades in newer S cars.

The 3 doesn't have that issue- new price today, net, is about the same (in some cases HIGHER) than during the tax credit years.

Being a less expensive model, it hasn't seen the kind of price adjustments as the MS or MX but some M3s have seen fairly notable reductions. Two years ago, an M3 LR AWD Performance with PU and FSD would've stickered for around $78k (still over $70k with tax credit) compared to just $63k for a similar car today.