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Fortune

Chris Morris

Used Tesla prices are tumbling as incentives near the end of the road

Tesla Inc. iSeeCars

A lot filled with Tesla cars (Credit: John Paraskevas / Newsday RM—Getty Images)

The price of used EVs continues to decline. The Tesla Models S and X both saw drops of more than 15% from June 2024 to June 2025. On the whole, the EV category saw prices fall 4.8% year over year.

Tesla’s not only facing challenges with its new cars, its used options are losing their value at a rapid clip as well.

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