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Tesla Model S hailed as fastest-selling 2nd hand electric car in the US
The Tesla Model S has been dubbed as the fastest-selling all-electric car in the United States’ second-hand car market from January to July this year. The full-sized premium sedan was given the distinction by automotive research firm iSeeCars.com, which aggregates second-hand auto listings across the country.
For its recent study, the auto research firm analyzed more than 4 million 1-3-year-old cars that were sold from January to July 2018. The firm noted in a report that overall, late-model vehicles usually take an average of 46.4 days before they are sold. iSeeCars.com CEO Phong Ly pointed out that cars which take longer to sell on the second-hand market usually signify that supply exceeds demand, while vehicles that are sold quickly usually connote that supply is lower than demand.
“It’s important to know how long vehicles stay on dealer lots because slower-moving cars can present negotiation opportunities for consumers. Cars that remain on market for longer than average indicate that supply is higher than demand, which could mean the pricing is too high or that the car isn’t as well-liked as its competitors,” Ly noted.
Among the United States’ available all-electric vehicles, the Tesla Model S stands as the fastest-selling used car from January to July. The all-electric car, which is designed by the company to be a vehicle that exceeds fossil fuel-powered competitors, spent an average of 32.4 days on used car dealer lots before getting sold. The iSeeCars.com CEO notes that such findings are primarily due to the Model S’ dominance in the premium all-electric car segment.
“The Model S is currently the only all-electric luxury car available, and its demand outstrips supply leading to scarcity in the used-car marketplace. Those who purchase a new model have to wait at least a month for delivery while there is no wait time for a used version,” Ly noted.
The Tesla Model S ranked as the second-fastest-selling used passenger car in the United States overall as well, directly behind the Toyota Prius C, an affordable hybrid vehicle that’s smaller than the full-sized Toyota Prius. The Prius C takes an average of 29.6 days before it is sold on second-hand dealer lots.
The findings of iSeeCars.com‘s study are in line with the results of another survey conducted by car-shopping platform Autolist.com last year. The results of Autolist.com‘s study concluded that used Tesla Model S sell 5% quicker than other luxury sedans from competing automakers such as the Audi A7, the Porsche Panamera, the BMW 6 Series, the Mercedes-Benz CLS, and even the Lexus LS 460. This was despite the average listing price of second-hand Model S being roughly 3% to 5% higher than comparable vehicles.
The number of the company’s electric cars on US roads is bound to increase, particularly since Tesla is now optimizing the production of the Model 3. With this, the second-hand market for the company’s electric cars would likely exhibit some growth. The impending rise in the number of Teslas on the road has been teased by Elon Musk in a letter to employees, where he noted that the company is “about to have the most amazing quarter in (its) history, building and delivering more than twice as many cars as (it) did last quarter.”
Considering that Tesla delivered a total of 40,740 vehicles and produced a total of 53,339 electric cars in Q2 2018, Elon Musk’s statement in his letter appears to be quite ambitious. That being said, Tesla board member Kimbal Musk noted during a recent segment on CNBC’s Closing Bell that this month would be pretty exciting for the company.
“This month is an exciting month for us. You know, it’s really gonna blow people’s minds how many Model 3s are gonna appear in America in just the next couple of weeks,” he said.
Watch Kimbal Musk’s discuss Elon Musk and the Model 3 in CNBC’s Closing Bell in the video below.
Tesla analyst Gary Black of The Future Fund claims that the company is making a big mistake getting rid of the Model S and Model X. Instead, he believes another vehicle within the company’s lineup should be discontinued: the Cybertruck.
Black divested The Future Fund from all Tesla holdings last year, but he still covers the stock as an analyst as it falls in the technology and autonomy sectors, which he covers.
In a new comment on Thursday, Black said the Cybertruck should be the vehicle Tesla gets rid of due to the negatives it has drawn to the company.
The Cybertruck is also selling in an underwhelming fashion considering the production capacity Tesla has set aside for it. It’s worth noting it is still the best-selling electric pickup on the market, and it has outlasted other EV truck projects as other manufacturers are receding their efforts.
Black said:
“IMHO it’s a mistake to keep Tesla Cybertruck which has negative brand equity and sold 10,000 units last year, and discontinue S/X which have strong repeat brand loyalty and together sold 30K units and are highly profitable. Why not discontinue CT and covert S/X to be fully autonomous?”
IMHO it’s a mistake to keep $TSLA Cybertruck which has negative brand equity and sold 10,000 units last year, and discontinue S/X which have strong repeat brand loyalty and together sold 30K units and are highly profitable. Why not discontinue CT and covert S/X to be fully…
— Gary Black (@garyblack00) January 29, 2026
On Wednesday, CEO Elon Musk confirmed that Tesla planned to transition Model S and Model X production lines at the Fremont Factory to handle manufacturing efforts of the Optimus Gen 3 robot.
Musk said that it was time to wind down the S and X programs “with an honorable discharge,” also noting that the two cars are not major contributors to Tesla’s mission any longer, as its automotive division is more focused on autonomy, which will be handled by Model 3, Model Y, and Cybercab.
Tesla begins Cybertruck deliveries in a new region for the first time
The news has drawn conflicting perspectives, with many Tesla fans upset about the decision, especially as it ends the production of the largest car in the company’s lineup. Tesla’s focus is on smaller ride-sharing vehicles, especially as the vast majority of rides consist of two or fewer passengers.
The S and X do not fit in these plans.
Nevertheless, the Cybertruck fits in Tesla’s future plans. Musk said the pickup will be needed for the transportation of local goods. Musk also said Cybertruck would be transitioned to an autonomous line.
In a groundbreaking new report from Reuters, SpaceX is reportedly discussing merger possibilities with xAI ahead of the space exploration company’s plans to IPO later this year, in what would be a blockbuster move.
The outlet said it would combine rockets and Starlink satellites, as well as the X social media platform and AI project Grok under one roof. The report cites “a person briefed on the matter and two recent company filings seen by Reuters.”
Musk, nor SpaceX or xAI, have commented on the report, so, as of now, it is unconfirmed.
With that being said, the proposed merger would bring shares of xAI in exchange for shares of SpaceX. Both companies were registered in Nevada to expedite the transaction, according to the report.
On January 21, both entities were registered in Nevada. The report continues:
“One of them, a limited liability company, lists SpaceX and Bret Johnsen, the company’s chief financial officer, as managing members, while the other lists Johnsen as the company’s only officer, the filings show.”
The source also stated that some xAI executives could be given the option to receive cash in lieu of SpaceX stock. No agreement has been reached, nothing has been signed, and the timing and structure, as well as other important details, have not been finalized.
SpaceX is valued at $800 billion and is the most valuable privately held company, while xAI is valued at $230 billion as of November. SpaceX could be going public later this year, as Musk has said as recently as December that the company would offer its stock publicly.
The plans could help move along plans for large-scale data centers in space, something Musk has discussed on several occasions over the past few months.
At the World Economic Forum last week, Musk said:
“It’s a no-brainer for building solar-powered AI data centers in space, because as I mentioned, it’s also very cold in space. The net effect is that the lowest cost place to put AI will be space and that will be true within two to three years, three at the latest.”
He also said on X that “the most important thing in the next 3-4 years is data centers in space.”
If the report is true and the two companies end up coming together, it would not be the first time Musk’s companies have ended up coming together. He used Tesla stock to purchase SolarCity back in 2016. Last year, X became part of xAI in a share swap.
Tesla has announced it has hit a major milestone with Full Self-Driving subscriptions, shortly after it said it would exclusively offer the suite without the option to purchase it outright.
Tesla announced on Wednesday during its Q4 Earnings Call for 2025 that it had officially eclipsed the one million subscription mark for its Full Self-Driving suite. This represented a 38 percent increase year-over-year.
This is up from the roughly 800,000 active subscriptions it reported last year. The company has seen significant increases in FSD adoption over the past few years, as in 2021, it reported just 400,000. In 2022, it was up to 500,000 and, one year later, it had eclipsed 600,000.
NEWS: For the first time, Tesla has revealed how many people are subscribed or have purchased FSD (Supervised).
Active FSD Subscriptions:
• 2025: 1.1 million
• 2024: 800K
• 2023: 600K
• 2022: 500K
• 2021: 400K pic.twitter.com/KVtnyANWcs— Sawyer Merritt (@SawyerMerritt) January 28, 2026
In mid-January, CEO Elon Musk announced that the company would transition away from giving the option to purchase the Full Self-Driving suite outright, opting for the subscription program exclusively.
Musk said on X:
“Tesla will stop selling FSD after Feb 14. FSD will only be available as a monthly subscription thereafter.”
The move intends to streamline the Full Self-Driving purchase option, and gives Tesla more control over its revenue, and closes off the ability to buy it outright for a bargain when Musk has said its value could be close to $100,000 when it reaches full autonomy.
It also caters to Musk’s newest compensation package. One tranche requires Tesla to achieve 10 million active FSD subscriptions, and now that it has reached one million, it is already seeing some growth.
The strategy that Tesla will use to achieve this lofty goal is still under wraps. The most ideal solution would be to offer a less expensive version of the suite, which is not likely considering the company is increasing its capabilities, and it is becoming more robust.
Tesla is shifting FSD to a subscription-only model, confirms Elon Musk
Currently, Tesla’s FSD subscription price is $99 per month, but Musk said this price will increase, which seems counterintuitive to its goal of increasing the take rate. With that being said, it will be interesting to see what Tesla does to navigate growth while offering a robust FSD suite.
Tesla analyst claims another vehicle, not Model S and X, should be discontinued
SpaceX reportedly discussing merger with xAI ahead of blockbuster IPO
