These Teslas Have Lost 60% Of Their value

Recent research shows that some five-year-old used EVs are worth 50% less than when they were new. The Tesla Model Y and Model S have done worse, down over 60%. Why? A glut of Teslas is coming off leases. Second, more brands that were new a few years ago have entered the used-car market. Finally, Tesla is discounting its new cars, which makes them more attractive.