USA

Tesla Depreciation Rate

Pioneer of mass-market EVs.

Early depreciation accelerated by price cuts and fast-moving tech generations.

Avg 5-yr retained

48%

Models tracked

Tesla depreciation by model

The Tesla Model 3 is the best-selling electric sedan globally, offering strong range, OTA updates, and access to the Supercharger network. Depreciation has been volatile due to Tesla's frequent MSRP cuts, but the refreshed 'Highland' generation and improving used-EV demand have stabilized retained value compared to the 2022–2023 drop.

The Tesla Model S is the flagship electric luxury sedan that pioneered the modern EV era. Despite its class-leading performance and tech, the Model S has historically suffered from above-average depreciation due to frequent Tesla price cuts, battery-replacement concerns, and rapid model refreshes, though Plaid variants retain value better than base trims.

The Tesla Model X is a three-row electric luxury SUV known for its falcon-wing doors, Ludicrous acceleration, and long range. Like most EVs, it has historically depreciated faster than comparable luxury ICE SUVs, with repeated Tesla price cuts accelerating resale value loss — though recent stabilization has improved retained value projections.

The Tesla Model Y is the world's best-selling EV and a benchmark electric crossover. Its depreciation has been volatile due to repeated Tesla price cuts, but strong demand, OTA updates, and Supercharger access keep retained value competitive within the EV segment.

Tesla depreciation FAQ

What is the average depreciation rate for Tesla?

Tesla vehicles depreciate by about 52% over 5 years on average — retaining roughly 48% of their original MSRP. Early depreciation accelerated by price cuts and fast-moving tech generations.

Which Tesla model has the lowest depreciation?

Depreciation rates vary significantly across the Tesla lineup. Open any model below to see its year-by-year depreciation curve, per-mile depreciation, and country-specific rates.

Does Tesla depreciation vary by country?

Yes. The same Tesla can depreciate up to 10% faster or slower in one market versus another, driven by local demand, climate, tax policy, and service network strength. Each model page breaks down the depreciation rate for all 7 markets we track.