Here’s How Much A 2021 Tesla Model S Has Depreciated In Just 5 Years
AI-summarised brief · reviewed before publication
A 2021 Tesla Model S has depreciated significantly in just five years, with its value dropping by around 50%. The vehicle's original MSRP ranged from $70,620 for the base Long Range Plus trim to $141,190 for the high-end Plaid trim. According to Kelly Blue Book data, the used car market now sells the entry-level trim for as low as $35,200. This depreciation rate is faster than gas-powered counterparts, but slightly better than the 2021 Tesla Model X and Model Y, which lost around 55% and 60% of their value, respectively. The significant depreciation of electric vehicles is a notable trend.
💡 Why It Matters
- · Faster depreciation of electric vehicles like the Tesla Model S affects their resale value and overall cost of ownership.
- · Owners of these vehicles may face lower trade-in values.