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GOBankingRates
GOBankingRates
Tobi Opeyemi Amure

Tesla Model X, S and Y Have Lost More Value Than All Other Used Vehicles: Here’s Why

Mark Reinstein / iStock.com

Used car values for Tesla’s Model X, S and Y have plummeted over the last year, with losses outpacing every other major vehicle segment. According to iSeeCars, the average price drop for these Tesla models exceeded 13%, and for the Model X and S, the dip was more than 15% in just 12 months. Even as gas vehicles experienced a 5.2% increase in value, Teslas sharply bucked the trend, highlighting a substantial shift for electric vehicle (EV) owners.

Find Out: Here’s What It Costs To Charge a Tesla Monthly vs. Using Gas for a Honda Civic

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