Tesla Depreciation
Hybrid and electric cars typically don't hold their value, as electric car technology changes more quickly than iPhones apps. Tesla, however, bucks this trend in the luxury segment, and does very well among its peers. For the 5-year and 7-year periods, Tesla has ranked in the top 3 among luxury brands. While we just have long-term figures for the Model S and Model X, Tesla's success bodes well for current (no pun intended) and future Tesla models. Early indications on the Model 3 suggest that it will be in a league of its own for maintaining its resale value.
The 2022 is our top pick for the best model year value for the Tesla vehicles. With the 2022, you would only pay, on average, 61% of the price as new, with 83% of the vehicle's useful life remaining. The 2021 and 2020 model years are also attractive years for the 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 predictabe expenses. Our top ranked model year represents the most car for the money with a Tesla model.
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Tesla Depreciation
| Year | Depreciation | Residual Value | Percent Left | Value Rating |
|---|---|---|---|---|
| 2024 | 0.00% | 100.00% | 100.00% | |
| 2023 | 26.63% | 73.37% | 91.67% | |
| 2022 | 38.89% | 61.11% | 83.33% | Best |
| 2021 | 44.43% | 55.57% | 75.00% | Better |
| 2020 | 49.56% | 50.44% | 66.67% | Better |
| 2019 | 54.70% | 45.30% | 58.33% | Good |
| 2018 | 59.37% | 40.63% | 50.00% | Good |
| 2017 | 63.06% | 36.94% | 41.67% | |
| 2016 | 70.66% | 29.34% | 33.33% | |
| 2015 | 74.16% | 25.84% | 25.00% | |
| 2014 | 77.06% | 22.94% | 16.67% | |
| 2013 | 77.10% | 22.90% | 8.33% | |
| 2012 | 76.04% | 23.96% | 0.00% |
| Year | Depreciation | Residual Value | Value Rating |
|---|---|---|---|
| 2024 | 0.00% | 100.00% | |
| 2023 | 26.63% | 73.37% | |
| 2022 | 38.89% | 61.11% | Best |
| 2021 | 44.43% | 55.57% | Better |
| 2020 | 49.56% | 50.44% | Better |
| 2019 | 54.70% | 45.30% | Good |
| 2018 | 59.37% | 40.63% | Good |
| 2017 | 63.06% | 36.94% | |
| 2016 | 70.66% | 29.34% | |
| 2015 | 74.16% | 25.84% | |
| 2014 | 77.06% | 22.94% | |
| 2013 | 77.10% | 22.90% | |
| 2012 | 76.04% | 23.96% |
Tesla Depreciation by Model
Used Tesla Models For Sale
2023 Tesla Model 3 Base
$45,000
2020 Tesla Model X Long Range Plus
$60,000
