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A ‘depreciation’ appreciation post.
All cars lose value as soon as you drive them off the lot, but EVs in particular have been know to depreciate more than usual. YouTuber and Out of Specs reviewer Kyle Conner found this out recently when he tried to trade in his Tesla Model S Plaid, for which he paid a whopping $140,940 two years ago, only to find out Tesla’s offer was just $46,400. That’s $94,450 in value obliterated in 24 months. On top of that, the Model S is “falling apart,” Conner noted.
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