It’s a complicated time for car shoppers. President Donald Trump’s tariffsthreaten to increase new car prices,Watch Power and the used car prices are expected to rise in turn. That is, of course, unless you’re shopping for Teslas, which are getting more affordable versus the rest of the car market.
Forbes reportsthat a used Model Y has dropped $6,000 on average over the last year. In March 2024, a Model Y with decent mileage would’ve gone for around $36,000. That price has dropped to $30,000, with a steady decrease coming since the U.S. elections in November. Forbes notes that it’s not particularly difficult to find a Tesla Model Y with under 20,000 miles for under $30,000.
This trend also affects Tesla’s other models. The Model Xhas dropped from around $45,000 to $41,500. Per CarGurus, Tesla vehicles, on average, have gone from $32,000 to about $29,000 over the last year. However, none of Tesla’s models were hit as hard as the Cybertruck. Just eight months ago, a used Cybertruckhad a $120,000 price tag. Today, those same Cybertrucks are going for a hair over $90,000, a reduction of approximately 25 percent.
For context, Tesla’s 10 percent drop in used car prices is much higher than most automakers. Kia, for instance, has mostly held steadyover the last year, while Ford prices have gone upsince 2025 started but are down around 4 percent since last March. Most automakers are around that same range. Edmunds notedlast month that used car supplies are beginning to dry up, which may lead to higher used car prices later in 2025. Tesla seems to be bucking that trend for now.
SEE ALSO: Tesla sales are reportedly falling globally. How bad it is and where.There are numerous reasons why buyers might be hesitant to purchase a Tesla or current owners might want to ditch their cars. Some may not agree with Musk’s increasingly right-wing political views, while others may want to avoid having their cars vandalized. While there are plenty of anecdotal reports of people selling their Teslas, there isn’t much firm data to quantify exactly how many people have done so or why. After all, Tesla has also begun shipping out its new Model Y, which may be leading existing Model Y fans to trade in the old model for the new one.
Tesla’s misfortunes in the used car market are the latest in a long string of bad press. Profits have plummeted 70 percent over the last quarter, and it’s likely not going to get better anytime soon. There are already reports of new Tesla shipments dropping 50 percentin Europe, led by Germany, where sales of new Teslas have declined by 76 percent. Public sentiment isn’t ideal, and activists are protesting Musk in Tesla showroomsacross the U.S.
On the ever-so-tiny plus side, you can get a Tesla for an outstanding price if you can stomach all of the controversy.
Topics Tesla Elon Musk
Previous：The 'recession indicator' meme, explained
Next：Gods of War
Chinese scientists have cloned two monkeys to advance human medicine
Strawberry Fields by Sadie Stein
The Morning Roundup for January 23, 2014
On Russell Hoban’s “Turtle Diary”
Classified Zuma spacecraft may have failed after SpaceX launch
One Human Family by Sadie Stein
Letters from Children, Sent to Harper's Young People in 1881
Tomato Pie and Culinary Failures
Amazon requires sellers to use more efficient packaging, or pay up
Morning Roundup for January 29, 2014
Why Building a Gaming PC Right Now is a Bad Idea, Part 3: Bad Timing
Morning Roundup for January 29, 2014
Jerry McGill: Sun Records artist, Memphis fixture, and “crazy sonuvabitch.”
Jerry McGill: Sun Records artist, Memphis fixture, and “crazy sonuvabitch.”
Yes, that was Ke Huy Quan on the phone in 'The White Lotus' Season 3
Tomato Pie and Culinary Failures
Our New Year’s Resolution: Stop Watching So Much Fucking TV by Dan Piepenbring
The Morning News Roundup for February 5, 2014
NYT mini crossword answers for May 12, 2025
Remembering the National Air and Space Museum and the nation's guilty conscience.
Crowdfunding medical bills is more common than you might thinkBloomberg responds to poor debate performance with a cringey doctored video where he looks goodBest deals of the day March 9: Apple Watch Series 8 (GPS), Amazon Fire Plus 10.1Penn Badgley weighs in on 'You' Season 4's giant plot twistWordle today: Here's the answer, hints for March 13Elizabeth Warren put Michael Bloomberg on blast in the debate, and the internet loved itUsing Google Chrome to manage your passwords is a bad idea. Here's why.Crowdfunding medical bills is more common than you might thinkEtsy sellers are furious over new mandatory ad feesVideo of a wild javelina sprinting down an Arizona street is perfect meme fuelTop US crypto bank Silvergate has gone into liquidationWho are you supposed to sing 'Happy Birthday' to when washing your hands?Could WhatsApp be leaving UK in battle over endCongressman's viral tweet calls out House's double standard'Everything Everywhere All at Once' wins the Academy Award for Best PictureTop US crypto bank Silvergate has gone into liquidationReflecting on the legacy of Hattie McDaniel, first Black actor to win an OscarKe Huy Quan wins the Oscar for Best Supporting Actor for 'EEAAO'World Health Organization is using TikTok to dispel coronavirus rumorsTom Steyer certainly tried to back it up in South Carolina ‘Street Fighter’ player is too salty to realize he just got complimented Tesla rolls out high speed Autopilot version 8.1 update Google Translate app is now available in China Westeros can't handle the perfection of this 'Game of Thrones' wedding Robots to deliver pizza, lulling us into food The Samsung Galaxy S8 has a killer feature nobody's talking about 'Ghost in the Shell' has nothing to say about technology or humanity Brands are creating Snapchat 'Shows' with dreams of getting on Discover Brace yourself for Victoria Beckham on 'Carpool Karaoke' Burger King created a Whopper The internet works its Photoshop magic on that bizarre Cristiano Ronaldo bust Here's what the Samsung Galaxy S8 will cost you in Australia Best Anker deal: Save $16 on Anker 6 Gov. Brown: Trump's climate rollbacks are a 'colossal mistake' The Samsung Galaxy S8 is here with 646 new emoji How Samsung's Galaxy S8 compares to the iPhone 7 A simple reason why you should stay out of floodwaters in Australia: Sharks For all the worst reasons, you need to see this statue of Cristiano Ronaldo Oculus software update harnesses power of new Gear VR controller Lyft just came out with its biggest innovation yet: buses
2.4593s , 10134.2109375 kb
Copyright © 2025 Powered by 【Watch Power】,Steady Information Network