Tesla Model S Depreciation

A Tesla Model S will depreciate 49% after 5 years and have a 5 year resale value of $48,925.

The Tesla Model S does remarkably well for an alternative fuel vehicle, as most electrics and plug-in hybrids do terribly when it comes to maintaining their value. If you look at Tesla's depreciation curve, you will see that it loses a lot of value in the first three years, but flattens out significantly in later years. This can be a result of purchasers of new Teslas historically getting significant incentives from the government for buying an electric vehicle - at times as much as $7,500 upon purchase. If you buy one used, however, you don't benefit from those incentives. All things considered, if you want a higher-end electric car, with performance, the Model S is in a class by itself, and is tough to beat.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $96,063 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Tesla Model S.

Tesla Model S Depreciation Calculator

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Tesla Model S Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $14,227 85.19% $81,836 12,000 2022
2 $20,519 78.64% $75,544 24,000 2023
3 $37,580 60.88% $58,483 36,000 2024
4 $40,587 57.75% $55,476 48,000 2025
5 $47,138 50.93% $48,925 60,000 2026
6 $55,121 42.62% $40,942 72,000 2027
7 $59,521 38.04% $36,542 84,000 2028
8 $62,261 35.19% $33,802 96,000 2029
9 $64,796 32.55% $31,267 108,000 2030
10 $73,853 23.12% $22,210 120,000 2031

Tesla Model S Depreciation

Years Old Depreciation Residual Value Resale Value
1 $14,227 85.19% $81,836
2 $20,519 78.64% $75,544
3 $37,580 60.88% $58,483
4 $40,587 57.75% $55,476
5 $47,138 50.93% $48,925
6 $55,121 42.62% $40,942
7 $59,521 38.04% $36,542
8 $62,261 35.19% $33,802
9 $64,796 32.55% $31,267
10 $73,853 23.12% $22,210

Buying a Tesla Model S New vs Used

If you purchase a used Tesla Model S that is 2 years old, then you could save $20,519 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $26,619. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Model S models become available.

The Best Model Years to Buy a Tesla Model S

The 2018 Tesla Model S is our top pick for the best model year value for the Model S. With the 2018, you would only pay, on average, 61% of the price as new, with 75% of the vehicle's useful life remaining. The 2017 and 2016 model years are also attractive years for the Model S, and provide a relatively good value. Our rankings consider multiple factors, including the Model S's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Tesla Model S models.

Tesla Model S Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $96,063 $96,063 $270 $0 0% 100%
2020 $95,799 $81,900 $285 $14,163 14.74% 85.19% Good
2019 $95,271 $75,236 $314 $6,664 8.14% 78.64%
2018 $94,812 $58,077 $359 $17,159 22.81% 60.88% Best
2017 $94,984 $55,238 $388 $2,839 4.89% 57.75% Better
2016 $95,360 $49,011 $447 $6,227 11.27% 50.93% Better
2015 $92,618 $40,030 $555 $8,981 18.32% 42.62% Good
2014 $88,663 $34,334 $606 $5,696 14.23% 38.04%
2013 $78,791 $30,659 $640 $3,675 10.7% 38.1%
2012 $79,230 $30,631 $708 $28 0.09% 37.77%
Year Price % Paid Value Rank
2021 $96,063 100%
2020 $81,900 85.19% Good
2019 $75,236 78.64%
2018 $58,077 60.88% Best
2017 $55,238 57.75% Better
2016 $49,011 50.93% Better
2015 $40,030 42.62% Good
2014 $34,334 38.04%
2013 $30,659 38.1%
2012 $30,631 37.77%

Tesla Model S Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Tesla Model S ranks for Depreciation compared to other vehicles. Also check out how the Model S stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Tesla Model S Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Tesla Model S costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: