The Tesla Cyber Truck will depreciate like every other Tesla
The Tesla Cybertruck came out as one of the most hyped vehicles of the past decade, and immediately drew celebrity status. The first models to be resold on online auctions saw prices well over MSRP, in some cases selling for more than double what the original owner paid. However, this trend is not likely to continue. The Cybertruck is meant to be a mass market vehicle, and I am confident in the next 6-12 months we will start seeing second hand cars sell for below MSRP and the depreciation that impacts other EVs will hit the Cybertruck.
Luxury EV Sedans are Depreciating Fast
It seems like luxury EV sedans have a serious depreciation problem. When looking at the Lucid Air, Tesla S Plaid, or the Mercedes EQS - all those models suffer from over 30% depreciation in their first year. This provides a great opportunity for buyers looking to get one of these models on the used car market for a bargain over their list price. Let's dive deeper into what kind of deals you can expect on luxury EV sedans.
How can you get a Model 3 for less than $30,000?
When the Model 3 first came out from Tesla, Elon Musk promised that he will make a car for the masses. An electric car under $35,000 for an incredibly appealing offer, but now over 3 years after the car was released the low end model is still nowhere in sight. The models that first rolled off the assembly line were priced closer to a BMW 5 series than an affordable Camry. Now, after a couple of years of depreciation and the disappearance of the waiting list, you can finally get a Model 3 with low miles for under $30,000