Tesla Model X Depreciation

A Tesla Model X will depreciate 56% after 5 years and have a 5 year resale value of $46,216.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $106,220 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 X.

Tesla Model X Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $29,710 72.03% $76,510 13,500 2021
2 $35,913 66.19% $70,307 27,000 2022
3 $44,156 58.43% $62,064 40,500 2023
4 $53,068 50.04% $53,152 54,000 2024
5 $60,004 43.51% $46,216 67,500 2025
6 $70,562 33.57% $35,658 81,000 2026
7 $75,427 28.99% $30,793 94,500 2027
8 $80,058 24.63% $26,162 108,000 2028
9 $83,308 21.57% $22,912 121,500 2029
10 $86,559 18.51% $19,661 135,000 2030

Tesla Model X Depreciation

Years Old Depreciation Residual Value Resale Value
1 $29,710 72.03% $76,510
2 $35,913 66.19% $70,307
3 $44,156 58.43% $62,064
4 $53,068 50.04% $53,152
5 $60,004 43.51% $46,216
6 $70,562 33.57% $35,658
7 $75,427 28.99% $30,793
8 $80,058 24.63% $26,162
9 $83,308 21.57% $22,912
10 $86,559 18.51% $19,661

Tesla Model X Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Tesla Model X that is 2 years old, then you could save $35,913 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 $24,091. 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 X models become available.

Other Tesla Model X 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 X 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: