Tesla owner stunned by massive one-year value drop

The reality of vehicle depreciation hit hard for a UK Tesla owner when he took his one-year-old electric car for a routine valuation – and discovered it had lost almost half of its original value in just 12 months.

Harley Perkins, a YouTuber known for his automotive content aimed at UK drivers, documented the moment he learned the value of his year-old Tesla – Elon Musk’s billion dollar baby.

The Tesla Model Y, purchased for £52,000 (approximately $70,200 USD), had less than 15,000 miles on the clock and remained in very good condition. Despite this, the valuation from WeBuyAnyCar came as a harsh surprise.Continue reading…