Tesla owner stunned by massive one-year value drop

A spokesperson for WeBuyAnyCar told the Express: “Once a car leaves the showroom, it begins to lose value – typically up to 35% in the first year for petrol or diesel vehicles. This is higher still for EVs, which depreciate faster and typically have higher prices so more value loss through depreciation can be expected – in some cases up to 50%.

“Factors like age, mileage, service history, condition, and even the number of previous owners all influence its resale value. Teslas are currently depreciating quicker than most models, with some other market factors also impacting resale value.”

WeBuyAnyCar continued, “Depreciation can be a shock for some car owners, so it’s important to always be aware of what to expect when you make that purchase. We have a guide on EV depreciation and how car owners can help ensure they retain as much value on their EV as possible. We recommend anyone looking to buy a new car, whether straight off the forecourt or second hand, do their research into how the make and model they’re interested in depreciates, as some are more impacted by this than others.”

While Teslas continue to lead in innovation and performance, resale value remains an area where many owners – particularly first-time EV buyers – are getting an uncomfortable crash course in financial reality.