Tesla car price
used cars is falling rapidly amid concerns about slowing demand for its cars.
Kent Nishimura / Los Angeles Times via Getty Images
- Price for used Tesla cars is falling faster than the rest of the used car market, Reuters reports.
- old thing Tesla The price dropped about $11,500 between July and November.
- Tesla investors are worried about weakening demand for the company Electric Car.
If you’ve been waiting to buy a Tesla until the price drops, your waiting time may be over.
Used Tesla car prices have fallen faster than used cars of other brands, Reuters reported on Tuesday, citing data from Edmunds. It could be great news for buyers who have delay buying electric cars because they are too expensive.
In July, the average is used sample 3, S, X or Y will cost you $67,297. But by November, the price dropped 17% to $55,754. Used car prices in general are also falling after years of tight supply, but without a sharp drop, down 4% year-on-year, according to Edmunds data.
Edmunds said Teslas also sat on the used car lot longer than other brands’ vehicles: 50 days versus 38 days. refuse gas priceReuters reported that competition from other brands and high interest rates all contributed to the drop in prices.
Used Teslas Losing Value Could Affect Demand for Brands new car, Karl Brauer, executive editor at car search engine iSeeCars.com told Reuters. Brauer said people who’ve bought new Tesla cars in the past few years have often been able to sell them for a profit, but that’s no longer possible.
Tesla stock has fallen into a downward spiral amid concerned that their demand for cars is waning after years of intense growth. Company discount some of my cars by $3,750 for the month of Decemberafterward doubled the deal just a week later. And the automaker is said to be slow down production in Chinalargest car market in the world.
As of Wednesday morning, Tesla stock is down more than 70% this year.
