Tesla Depreciation & Resale Value
Retention curves calibrated against tracked completed sales, paired with live asking medians from the used market right now (we caught 39,481 price cuts worth $12,352,800 in the last 30 days). Every figure updates as the market moves.
Methodology: retention curves calibrated against tracked completed sales; asking medians recomputed from live tesla.com used inventory every 30 minutes; dollar losses use the volume trim's current base price.
How much value each Tesla keeps
Share of a new car's price retained, from the depreciation curves behind our valuation engine.
| Model | After 1 year | After 3 years | After 5 years | 5-yr loss (typical trim) |
|---|---|---|---|---|
| Model 3 | 80% | 59% | 45% | -$26,120 |
| Model Y | 82% | 64% | 50% | -$24,995 |
| Model S | 75% | 52% | 38% | -$50,524 |
| Model X | 78% | 55% | 40% | -$51,894 |
| Cybertruck | 80% | 58% | 43% | -$42,744 |
What used Teslas list for right now
Live median asking prices by model year from tesla.com used inventory — recomputed every 30 minutes. This is depreciation as the market actually prices it today.
Model 3
| 2025 | $40,650 | 44 tracked |
| 2024 | $38,100 | 103 tracked |
| 2023value pick · $7,500 below 2024 | $30,600 | 182 tracked |
| 2022 | $31,000 | 23 tracked |
| 2021 | $27,000 | 14 tracked |
| 2020 | $27,300 | 11 tracked |
| 2019 | $26,150 | 12 tracked |
Model Y
| 2026 | $48,600 | 7 tracked |
| 2025value pick · $7,400 below 2026 | $41,200 | 13 tracked |
| 2024 | $38,600 | 69 tracked |
| 2023 | $36,200 | 401 tracked |
| 2022 | $32,300 | 59 tracked |
| 2021 | $29,600 | 25 tracked |
| 2020 | $29,000 | 7 tracked |
Model S
| 2023 | $62,000 | 7 tracked |
| 2022value pick · $8,100 below 2023 | $53,900 | 13 tracked |
| 2021 | $47,900 | 13 tracked |
Model X
| 2023 | $64,750 | 36 tracked |
| 2022value pick · $1,950 below 2023 | $62,800 | 47 tracked |
Cybertruck
| 2025 | $82,400 | 25 tracked |
| 2024 | $84,050 | 38 tracked |
Tesla depreciation FAQ
Do Teslas hold their value?
Better than most EVs, worse than the hype: our tracked-sales curves put a new Model Y at roughly 50% of its price after 5 years and a Model 3 at about 45% — near the industry average for all cars, and stronger than most non-Tesla EVs. The steepest drop is year one (18–25%); a 3-year-old used Tesla depreciates much more slowly from its lower base.
How much does a Tesla depreciate per year?
Front-loaded: about 20% in year one, 10–13% of original price in year two, 8–10% in year three, then flattening. The live model-year table above shows what that means in actual dollars right now.
Which Tesla holds value best?
Model Y — around 50% retained at 5 years on our curves, helped by demand for used family SUVs. Model S and Model X depreciate fastest (38–40% retained), which also makes them the used bargains of the lineup now that both are out of production.
Is buying a used Tesla a good deal because of depreciation?
Often, yes — the first owner absorbs the steep 20% year-one drop, and a 3-year-old Tesla then depreciates at roughly half the rate. The live model-year medians above show exactly where the curve flattens; the 'value pick' badge marks the biggest year-over-year price cliff per model right now.
How does Tesla depreciation compare to gas cars?
Close to the all-car average and better than most other EVs: roughly 45–50% retained at five years for Model 3/Y versus an industry norm near 45%. Model S and X fall faster — typical for luxury cars, EV or not.
What will my Tesla be worth?
For a market answer rather than a curve estimate, our free valuation tool prices your exact car against tracked completed sales and live comps — and can bring cash offers with it. Get your Tesla's value →
Buying instead? The cost calculator projects any configuration's value for each of the next five years, and every used Tesla for sale shows where the depreciation bargains are today.