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Used Tesla Model 3 prices are rising in the UK

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Second-hand Tesla Model 3 prices in the United Kingdom are rising as demand for Tesla’s vehicles increases. 

Recently, Teslarati talked with Vantage Leasing, which put the Tesla Model 3’s performance in the UK’s used car market into perspective. According to on-hand data based on UK banks, the residual value of Tesla Model 3 sedans has increased as a whole. 

From December 2020 to July 2021, used Tesla Model 3 prices have increased. For example, the residual value of a Model 3 Standard Range Plus in December 2020 was estimated to be around £9,005.71 ($12,475.87). At the time, the base Model 3 cost £40,490 ($56,091.99) before savings.

By July 2021, the residual value for a base Model 3 was calculated to be about £12,681.35 (17,567.85), a significant hike from its value seven months prior. As of this writing, the base price for the Model 3 SR+ is £40,990 ($56,784.65) before savings, a little higher than in December 2020. 

The Model 3 Dual Motor AWD Long Range and Performance variants followed similar trends. In December 2020, the residual value of the Model 3 Performance was estimated to be £15,185.11 ($21,036.38), while the Model 3 Long Range Dual Motor had a residual value of £13,832.48 ($19,162.54). By July 2021, the residual values of both the Model 3 Performance and Model 3 Long Range went up to a little above £16,000 ($22,165.27).

Tesla priced the Model 3 Long Range at £46,990 ($65,096.63) and the Model 3 Performance at £56,990 ($78,949.92) in December 2020. Currently, the Long Range variant costs £48,490 ($67,174.62) while the Performance costs £59,990 ($83,105.91). The Long Range and Performance variants are produced in the USA, while the base Model 3 is exported from Tesla’s Gigafactory Shanghai in China.

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The chart above shows that the resale values of the base Model 3 and the Long Range variant are steadily increasing over time. The resale value of the Long Range, in particular, seems to be on par with the Performance variant for the last couple of months.

Since the beginning of 2021, Tesla has steadily increased Giga Shanghai’s Model 3 exports to Europe. Tesla also released the Model 3 refresh last year, featuring some adjustments to the sedan’s overall design. 

As some Tesla owners upgrade to newer Model 3s, the older sedans enter the used car market, where there appears to be plenty of demand for Tesla’s vehicles. The amount of consumers switching from petrol to electric vehicles also adds to the used electric vehicle market. 

The prices of all-electric vehicles are still too high for most people in certain countries. Second-hand EVs make electric cars more affordable. 

In general, Tesla seems to be making room for itself in the global used car market. Countries like the United States and Canada are already mulling over incentives for used electric vehicles

In the UK, the government offers home charging grants for buyers who purchase new or used plug-in vehicles. Unfortunately, there are no grants for used EVs, but some retailers and organizations have recommended introducing subsidies for second-hand EVs to the British government.

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The Teslarati team would appreciate hearing from you. If you have any tips, email us at tips@teslarati.com or reach out to me at maria@teslarati.com.

Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Tesla plans for new 300+ stall Supercharger with a special surprise for Semi

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(Credit: Tesla Owners East Bay/Twitter)

Tesla is planning for a new 300+ stall Supercharger station that will be an expansion of an existing facility, and the company is planning to add a surprise for the Semi.

The Firebaugh, California Supercharger is currently 72 Superchargers, but Tesla filed for an expansion that will add 232 additional plugs for passenger vehicles, and it also plans to add 16 Semichargers.

This will be the biggest Supercharger station Tesla will have to date, just months after it finished the Supercharger Oasis in Lost Hills, California, which has 168 stalls. This will have 304 total Supercharger stalls, and then the additional 16 Megachargers.

The Firebaugh Supercharger is located on I-5, which is a major reason for why Tesla has chosen the location for additional Megacharger plug-ins, as Tesla Semi Program Manager Dan Priestley said on X earlier today.

The project was revealed by MarcoRP, a Supercharger tracker.

The expansion is a massive signal for charging demand, especially as Tesla’s Superchargers are opened to numerous automakers and are no longer exclusive to the company’s EVs. Additionally, the installation of Megachargers is a good sign to come for the Tesla Semi program, which aims to truly ramp up this year.

Tesla plans to launch production of the Semi later this year.

It could also mean Tesla is going to expand its footprint of large-scale Supercharger projects in the coming years, which would be a big boost as EV adoption continues to soar in the United States.

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Tesla makes two big interior changes to several Model Y vehicles

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Credit: Tesla

Tesla has made two big interior changes to several Model Y vehicles in its lineup, and the changes come just as the new model year begins production.

Last year, Tesla launched the Model Y Standard, which separated the previous models into the “Premium” category. The Standard vehicles lack several features, including more premium interior materials, acoustic-lined glass, and storage.

@teslarati There are some BIG differences between the Tesla Model Y Standard and Tesla Model Y Premium #tesla #teslamodely ♬ Sia – Xeptemper

The Model Y “Premium” trims are now getting several new upgrades, which come after the company launched a seven-seat configuration of the vehicle last night in the North American market for an upcharge of $2,500.

The new Model Y seven-seat configuration did not come with just an additional row of seating; it also came with a slew of other goodies that now come standard and were previously only available on the Model Y Performance, which was launched late last year.

All Black Headliner

The new Tesla Model Y Premium trims will now come standard with a black headliner, something that many owners have been requesting for some time.

The previous grey headliner and trim within the vehicle is now gone; it will be all black on all of the Premium trims from here on out, a welcome change:

Credit: Tesla

Larger and Higher Resolution Center Touchscreen

The center touchscreen in the new Model Y Premium configuration is now larger and has a higher resolution than the previous version.

In last year’s Model Y configurations (apart from the Performance), the center touchscreen was 15.4″. Now, Tesla has decided to go with the 16″ version across all Premium trims, which is a nice step up. It was nice to see this in the Performance, but it is really great to see Tesla include this in the Model Y’s more Premium trim levels.

Tesla Model Y Seven Seater

Tesla launched the latest iteration of the seven-seater for the Model Y on Monday night. Traditionally, the Model Y seats five passengers in total, but there were calls for a more spacious version several years ago.

Tesla released it, but it was extremely tight in the back, basically reserving those back seats for only small people or children.

Credit: Tesla

The new configuration looks to be slightly more spacious in the third row, but not as much space as most would require or want. Instead,

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Lufthansa Group to equip Starlink on its 850-aircraft fleet

Under the collaboration, Lufthansa Group will install Starlink technology on both its existing fleet and all newly delivered aircraft, as noted by the group in a press release.

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Credit: Lufthansa

Lufthansa Group has announced a partnership with Starlink that will bring high-speed internet connectivity to every aircraft across all its carriers. 

This means that aircraft across the group’s brands, from Lufthansa, SWISS, and Austrian Airlines to Brussels Airlines, would be able to enjoy high-speed internet access using the industry-leading satellite internet solution.

Starlink in-flight internet

Under the collaboration, Lufthansa Group will install Starlink technology on both its existing fleet and all newly delivered aircraft, as noted by the group in a press release

Starlink’s low-Earth orbit satellites are expected to provide significantly higher bandwidth and lower latency than traditional in-flight Wi-Fi, which should enable streaming, online work, and other data-intensive applications for passengers during flights.

Starlink-powered internet is expected to be available on the first commercial flights as early as the second half of 2026. The rollout will continue through the decade, with the entire Lufthansa Group fleet scheduled to be fully equipped with Starlink by 2029. Once complete, no other European airline group will operate more Starlink-connected aircraft.

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Free high-speed access

As part of the initiative, Lufthansa Group will offer the new high-speed internet free of charge to all status customers and Travel ID users, regardless of cabin class. Chief Commercial Officer Dieter Vranckx shared his expectations for the program.

“In our anniversary year, in which we are celebrating Lufthansa’s 100th birthday, we have decided to introduce a new high-speed internet solution from Starlink for all our airlines. The Lufthansa Group is taking the next step and setting an essential milestone for the premium travel experience of our customers. 

“Connectivity on board plays an important role today, and with Starlink, we are not only investing in the best product on the market, but also in the satisfaction of our passengers,” Vranckx said. 

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