Average used EV price at Tesla drops by 26% after 6 months

Tesla's average used electric vehicle (EV) pricing has noticeably decreased over the previous few months, making it far less expensive than it was six months ago. Elon Musk's brand-new EV offering has seen price reductions, but so have the costs of its older cars. Elon Musk, the CEO of Tesla, uses his smartphone while traveling to the location of the company's newest factory, the so-called "Giga Factory," in Gruenheide, near Berlin, in northeastern Germany. Average Used EV Price Drop for Tesla In the last six months, the average cost of used Tesla electric vehicles has drastically decreased, according to recent research. [caption id="" align="aligncenter" width="594"] Image credit- Tech Times[/caption] According to the online news source, used Tesla EV prices are currently on average around 26% less expensive than they were in July of last year—six months from now. In actuality, the Tesla Model 3, Model X, and Model S are all included in the price decrease for used Tesla vehicles. The resale value of these cars is currently drastically declining. According to an Automobile Gurus poll, the current average cost of a used Tesla car is only around $49,967. When compared to its pricing six months ago, it has fallen quickly. According to reports, the typically used car cost will be close to $50,000 in July 2022. According to the most recent average price, the resale value of these Tesla EVs has decreased by about 26%. [caption id="" align="aligncenter" width="960"] Image credit- Yahoo Finance[/caption] New Tesla EV Average Prices If you're seeking to purchase a used Tesla EV, this is a great time to do it. For instance, the Tesla Model 3 now has a $40,386 starting price. A pre-owned Model Y will run you about $54,930, while a pre-owned Model S would set you back $53,304. Despite the substantial price reduction, purchasing a secondhand Model X is still extremely pricey. Over $71,000 should be the average price for a used model. With more than 60,000 miles on it, the Model 3, which debuted in 2017, is currently only $25,000 on the market. Those that have fewer kilometers and cost less than $30,000 are still worth considering if you want a lower mileage choice. So you can purchase a used Tesla for less than $40,000. https://www.gadgetany.com/news/5-facebook-marketing-strategies-small-businesses-must-implement/ Price drop for Tesla The large automaker has been significantly reducing the cost of its brand-new vehicles in response to the sharp decline in the price of used Tesla EVs. According to reports, the Elon Musk-owned EV manufacturer just reduced the cost of its lineup by almost 20%. New Model Ys are now available for $52,990, while the Model 3 Performance is priced at $53,990.