by Sharp Drop in Tesla Model 3 Value
The value of electric cars often drops sharply immediately after leaving the dealership. The owner of this 2023 Model 3 is probably very disappointed, as his car lost more than half its value in just 18 months and 35,500 miles of mileage.
Technical Specifications
This base Model 3 RWD has a 57.5 kWh battery, providing a range of 272 miles (438 km). The electric motor with a power of 271 hp and a torque of 310 lb-ft (420 Nm) offers enough performance for everyday use.
Why Did the Value Drop?
This is not the updated Highland version, so it does not have the modern design and improved interior. However, the car is still equipped with 18-inch wheels, a panoramic roof, heated seats, and a 15-inch multimedia screen.
The car was sold for $20,300, which is significantly lower than the initial price of $41,890. The high mileage for the car’s age (35,500 miles) and the appearance of the updated Model 3 affected its value. In addition, Elon Musk’s political activity could also have impacted the brand’s popularity.
The drop in prices for used electric cars, especially Teslas, is becoming more and more noticeable. This could be a profitable opportunity for buyers looking for an affordable option, but at the same time raises questions about the long-term value of such cars on the market.
