Used Tesla Prices Are Crashing: What It Means for Buyers and Sellers

Used Tesla Prices Are Crashing: What It Means for Buyers and Sellers

Hey everyone, DennisCW here! If you've been keeping an eye on the Tesla market, you've probably noticed something wild: used Tesla prices are absolutely plummeting. This could be a golden opportunity for those hunting for a deal, but it might spell trouble for current owners looking to sell. In this post, I'll break down the latest data, share some insights, and even throw in my top accessory recommendations for new Tesla owners. Let's dive in!

The Plunge in Used Tesla Prices

Based on recent data from sources like CarGurus and insights from folks like Frederick Lambert (I know, not everyone's a fan, but the numbers don't lie), used Tesla prices are dropping fast. While the overall used car market has seen a slight uptick—about 1.22% to 2% year-over-year—Tesla prices have dipped by nearly 5% in the same period. Digging deeper into CarGurus' index, it's even more stark: Tesla used prices are down almost 14% year-over-year.

And get this: the Cybertruck is taking the biggest hit, with prices down a whopping 30%! This trend isn't isolated to Tesla; it seems to affect most electric vehicles. Remember, three years ago, the average used Tesla cost about $36,000 more than the average new car. Fast forward to today, and used Teslas are now cheaper than the average used car overall. That's a massive shift!

Why Is This Happening?

One big factor could be the upcoming end of the $4,000 used EV tax credit. Sellers might be rushing to offload their vehicles before the credit expires, flooding the market and driving prices down. Once it's gone, qualifying used EVs could effectively drop another $4,000 in value overnight. If you're in the market to buy, this is prime time—prices are low, and deals are everywhere. But if you're selling? You might want to act fast or brace for a lower return.

What do you think? Are you buying, selling, or just watching from the sidelines? Drop your thoughts in the comments below—I'd love to hear from the community!

Essential Accessories for Your New Tesla

Alright, shifting gears: So you've snagged that Tesla (new or used)—congrats! But did you know it comes with zero accessories? Not even a basic phone mount. Don't sweat it; I've got you covered with my must-have picks. These aren't just random suggestions—these are items I personally use and love.

Our partners at Jowua make some of the best Tesla accessories out there. Here's what I recommend every Tesla owner grabs:

• Phone Mount: Keeps your phone secure during those quick accelerations—no more flying devices!
• Center Console Organizer: Without it, you'll lose everything in that black hole of a console.
• Invisible Underscreen Station Mount: My newest fave—perfect for stashing sunglasses or small essentials.

But Jowua doesn't stop there. Check out their:

• Wireless Game Controller: Fits right in the glove box for on-the-go fun.
• Portable Air Compressor: Essential for peace of mind on long road trips.
• Electric Scooter: Why walk from the Supercharger when you can scoot?

The best part? Use my promo code (linked in the description of my video) to save money and support the channel. Plus, get free shipping on orders over $120. Head over to Jowua's site via the link below and gear up your Tesla today. A huge thanks to Jowua for partnering with us!

Wrapping It Up

Whether you're excited about snagging a used Tesla at a steal or concerned about resale values, the EV market is evolving fast. Stay tuned for more updates, and if you enjoyed this post, make sure to subscribe to my channel for the latest Tesla news and tips. What Tesla topic should I cover next? Let me know!

Drive safe, everyone!

-DennisCW