The Top 3 Fastest Depreciating Cars in 2026 Are All Teslas - FuelArc News
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According to JD Power’s ChromeData, the Tesla’s most popular models have lost more than half their value since 2022, putting Tesla vehicles in podium position for all 3 of the top “Fastest Depreciating Automobiles of 2026” slots. Take a look, see the data for yourself: The Top 5 Fastest Depreciating Cars: All Electric, and Overwhelmingly […]

“Buying a car today is an investment into the future. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset – not a depreciating asset.” – Elon Musk, 2019

LOL that quote aged like milk (or worse, like a Model S)

    • reddig33@lemmy.worldEnglish
      3·
      3 days ago

      The one good thing is it means more affordable used EVs to put on the road, decreasing more emissions and oil reliance.

      • KayLeadfoot@fedia.ioOP
        2·
        3 days ago

        I drive the EV equivalent of a beater, and it’s really pretty nice, everything on it works!

        So yeah, silver linings, Tesla fans are losing their shirts by buying new, and anyone on the market for used is enjoying a buyer’s market.

  • Almacca@aussie.zoneEnglish
    3·
    3 days ago

    Unrelated, but I saw a Tesla the other day with one of those ‘I bought this before Elon went crazy’ stickers on it. When I looked it up on the rego check app, it was a 2024 model. Nice try, but no. :D

  • Buffalox@lemmy.world
    3·
    3 days ago

    Exactly as could be expected when Elon Musk claimed it was stupid to buy any other car than a Tesla, because Tesla would retain their value better than any other brand because he claimed they were the only car that was future proof, and then added they might even increase in value!!

    But anybody who isn’t part of his cult should know by now that Elon Musk is a con man, and he always lies, it’s funny how his lies look like Trump lies in their absolute disregard for reality.

    To be fair though, I bought a 4 year old VW ID.4 Tech, for 28k EUR, price from new is around 61k EUR, a depreciation of 54%.
    But 2 factors are at play in EU that aren’t in USA, the Euro has been stable and has increased 15% against the US Dollar, and we have had the arrival of competition from China, which has pressed prices for the entire market.
    For the market in Denmark a third factor is that the climate is vary hard on cars, especially with salted roads during winter.
    This decreases the average lifespan of cars, even with good maintenance and expensive rust protection. Maybe making a 4 year car in Denmark drop as much in price as a 6 year car in USA a somewhat qualified guess from 30+ years of experience as a car owner in Denmark.

    In USA Tesla is strongly protected from outside competition, and if the price in USD is half in 4 years, the depreciation in Euro is more like 58%.