Used Tesla Prices Are Falling Fast — Elon Musk Is Part of the Reason

By Douglas McIntyre  •  April 22, 2025

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that the resale value of used Teslas, particularly the Model S, has dropped by $10,000 in a year — a 17.2% decline. Other models like the Y and 3 are also seeing steep price drops. McIntyre notes that Elon Musk’s political associations may be alienating liberal consumers, who were once early adopters of EVs, leading to weakening demand and falling used prices.

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