Depreciation
Tesla Depreciation
Brand new Tesla vehicles depreciate 61% after 5 years on average.
2022 is our top pick for the best model year value for Tesla vehicles. With the 2022, you would only pay, on average, 44% of the price as new, with 75% of the vehicle's useful life remaining. The 2021 and 2023 model years are also attractive years for Tesla models, and provide a relatively good value.
Our rankings consider multiple factors, including original new prices, current prices, maintenance costs and remaining years of overall predictable expenses. Our top ranked model year represents the most car for the money with a Tesla model.
Tesla Average Depreciation Curve
Model year — % of original value retained today
Tesla Depreciation by Year
| Year | Depreciation | Residual Value | Percent Left | Value Rating |
|---|---|---|---|---|
| 2024 | 29.8% | 70.2% | 91.7% | Good |
| 2023 | 38.8% | 61.2% | 83.3% | Better |
| 2022 | 56.1% | 43.9% | 75.0% | Best |
| 2021 | 58.4% | 41.6% | 66.7% | Better |
| 2020 | 60.8% | 39.2% | 58.3% | Good |
| 2019 | 65.5% | 34.5% | 50.0% | |
| 2018 | 70.2% | 29.8% | 41.7% | |
| 2017 | 72.1% | 27.9% | 33.3% | |
| 2016 | 76.2% | 23.8% | 25.0% | |
| 2015 | 77.9% | 22.1% | 16.7% | |
| 2014 | 79.6% | 20.4% | 8.3% | |
| 2013 | 81.1% | 18.9% | 0.0% |
| Year | Depreciation | Residual Value | Value Rating |
|---|---|---|---|
| 2024 | 29.8% | 70.2% | Good |
| 2023 | 38.8% | 61.2% | Better |
| 2022 | 56.1% | 43.9% | Best |
| 2021 | 58.4% | 41.6% | Better |
| 2020 | 60.8% | 39.2% | Good |
| 2019 | 65.5% | 34.5% | |
| 2018 | 70.2% | 29.8% | |
| 2017 | 72.1% | 27.9% | |
| 2016 | 76.2% | 23.8% | |
| 2015 | 77.9% | 22.1% | |
| 2014 | 79.6% | 20.4% | |
| 2013 | 81.1% | 18.9% |
Best Year to Buy a Tesla
The 2022 Tesla offers the best value for money. You pay only 44% of the original price with 75% of useful life remaining. Other great options include the 2021 and 2023 model years.
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Tesla Depreciation by Model
Select a model to see its full depreciation curve and historical data.
“Useful Lifespan” and Methodology
While the “Useful Lifespan” of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data — and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.
We aggregate and analyze millions of automotive data points from a variety of the industry's leading data providers. The insights and information on this page represent the overall averages of the combined costs of vehicle ownership. This information should be used as a general guide, as your individual results may vary significantly from that which is shown. Our mission is to provide car buyers with the resources they need to make informed purchase decisions. To learn more, see our FAQs.
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