Throughout his career as Tesla CEO, Elon Musk has said some pretty wild things. And just as wrong.
As recently as last year, Elon Musk said that he believes that 'self-driving' Teslas can be worth up to five times more. That is, as used cars.
In other words, those cars – unlike virtually every other car ever built – will increase in value. And even quite violently.
However, the wild price increase has not occurred. On the contrary, used electric cars have generally plummeted in value. And if you ask Toyota's competitors, there is no market for used electric cars at all.
Carscoops writes that.
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But Elon Musk believes that. Already in 2019, he established that a Tesla is a car that only increases in value. Not a car that falls.
However, the media's review of the sales portal Edmunds shows a somewhat different picture. Here the price rattles down. It is particularly clear for model years 2019-2018 and below.
Preserved, used cars fall in price. But a data extract from Edmunds shows that Teslas may be harder hit than used cars in general.
If you compare January 2024 with the same period last year, the price of the Tesla Model 3 has fallen by 29 percent on average. For used cars in general, that figure is 'only' 19.5 per cent over the same period.
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The picture is the same at home. In the course of 2023, the price of used electric cars fell by the same 29 percent as in the United States. This is shown by figures from BilBasen.
All in all, motorists around the world have had to eat some huge losses in value since Tesla started cutting hugely off the price of brand new cars.
In fact, the value losses have become so great that the interest organization FDM sees especially owners of new and only slightly used electric cars with very big problems. Read more about it here .
