Tesla Model 3 Prices Plunge Over 25% as EV Demand Drops
Used Tesla prices, particularly for the Model 3, have dropped over 25% this year, according to IC Cars. This decline in value is part of a broader trend where demand for electric vehicles has decreased, leading to an oversupply. The drop in used Tesla prices is problematic for the company, as it puts pressure on new car sales. With buyers opting for lightly used models at lower prices, the demand for new Teslas may continue to decline.
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