Lifestyle
Why does a Tesla have such high resale value?
If you buy an electric car that isn’t a Tesla, chances are you will take an enormous hit when it comes time to trade it in. According to Black Book, a 2013 Nissan LEAF is worth just 22% of its original MSRP. A five year old LEAF is worth a dismal 11% of what it cost new. A three year old conventional car is typically worth between 45% and 65% of its original cost.
Keep in mind that all calculations involving electric cars are skewed by the federal tax credit. What buyers paid for their car is often considerably less than MSRP after the credit is figured in. But even with that caveat, that used LEAF is typically worth about 30% of what a buyer paid for it three years ago.
“To be under 20 percent is fairly telling,” said Anil Goyal, Black Book’s senior vice-president of operations. “A lot of it has to do with demand.” Demand for used electric cars is suppressed by a number of factors. First is range. An early Nissan LEAF can only drive about 60 miles before range anxiety kicks in. The same is true of most other electric “compliance cars” like the Mitsubishi i-MiEV, Volkswagen e-Golf and Fiat 500e.
Another factor is the pace of improvements. When the personal computer first hit the market, upgrades happened so rapidly that the machine you bought in the morning was often obsolete by the time you got it home. Battery range has increased significantly in recent years. Black Book’s Goyal says used car buyers are just not that interested in a car that has less than 100 miles of range. The BMW i3 is included in that group.
A three year old Tesla Model S is worth 62% of its original value
Another factor is the chaotic nature of EV charging networks. Competing standards, lack of consumer information, and a welter of confusing charging plans cause anxiety for EV drivers. Which brings us to Tesla. A three year old Tesla Model S is worth 62% of its original value according to Black Book.
Why? Several factors. First, over the air updates eliminate most of the fear that the car will be out of date in a year or two. Second, the Supercharger network assures Tesla owners that when they need to replenish their batteries while away from home, a free fast charging facility is nearby.
Tesla continues to aggressively expand its fast-charging Supercharger network across the world
A third factor is styling. Most manufacturers decided to give their first electric cars “Hey, look at me!” lines. But mainstream buyers want mainstream styling. The Tesla looks Model S and Model X look like the premium luxury cars they are. The forthcoming Model 3 has a pleasing, modern design that will make it stand out from other sedans without the weirdness of the BMW i3. Chevrolet tried making the original Volt look different, but decided to make the second generation more conventional in appearance. It’s hard to tell a new Volt from a new Chevy Cruze.
A number of car companies are planning to offer battery electric vehicles in the next 3 to 5 years. How will they fare in the used car market after the new wears off and they have tens of thousands of miles on them? That’s purely speculative at this point, but unless they have the build quality and reliability people expect, over the air updates to keep then current with technological changes, and the comprehensive charging networks needed to eliminate any hint of range anxiety, they are unlikely to retain their original value as well as a Tesla.
While everyone else is whining about how hard it is to sell electric cars and hedging their bets by building cars that can be powered by gasoline, diesel, plug-in powertrains, batteries, fuel cells, and pixie dust, Tesla is just going out and doing what needs to be done to make the electric car revolution a reality.
The numbers don’t lie. When it comes to selling electric cars that people want and that continue to hold their value as the years and miles go by, only one company done it successfully — Tesla. Everyone else is so far behind that by the time they catch up to where Tesla is today, Elon will be sending the first astronauts on their way to Mars.
Lifestyle
Tesla brings perhaps the coolest interior feature to cars in latest update
Tesla adds on to the “fun” aspect of its vehicles.
Tesla has brought perhaps the coolest interior feature to its cars in a new update that is rolling out to vehicles now.
The feature will require a newer vehicle that has interior ambient lighting, which is present on the new Model S, Model X, Model 3 “Highland,” and Model Y “Juniper.” The Cybertruck also has ambient lighting strips throughout.
Tesla Model Y’s ambient lighting design changes revealed in leaked video
With the Version 2025.26+ Software Update, Tesla is rolling out a new “Sync Accent Lights w/ Music” feature, which is available on the Tesla Toybox:
Turn your Tesla into a rave cave with the new Light Sync feature 🎶
Rolling out now in software update 2025.26+ pic.twitter.com/IIsQxZ9jDP
— Tesla (@Tesla) July 29, 2025
To enable the feature, you’ll access the Toybox, choose “Light Sync,” and then choose “Sync Accent Lights w/ Music.”
Although it does not improve the performance of the vehicle, it is yet another example of Tesla making one of the coolest cars out there. This is truly a cool add-on that can be used to impress your friends and family.
Elon Musk
xAI, Musk Foundation helps schools near Memphis supercomputer site
Reports of xAI and the Musk Foundation’s work were recently posted by local news media.
Elon Musk’s artificial intelligence startup xAI and the Musk Foundation have been supporting Memphis-Shelby County Schools with HVAC repairs and facility upgrades, while also funding youth programs for students in the area.
Reports of xAI and the Musk Foundation’s work were recently posted by local news media.
xAI’s school visits lead to facility repairs
Representatives from xAI visited John P. Freeman Optional School, Fairley High School, and Westwood High School, all of which are located near its Colossus supercomputer site, to assess HVAC systems, plumbing, gym facilities, and athletic fields. The visits resulted in a list of priority repairs, some of which were completed in April and May.
In addition to the repairs, xAI also shared a number of initiatives that are planned for students in the area, as stated in a Commercial Appeal report.
“xAI is working on providing STEM workshops for local students, donating equipment to technical training programs, and supporting job fairs to boost employment opportunities. These initiatives reflect xAl’s commitment to fostering education and economic growth in Memphis,” xAI noted in a statement.
Musk Foundation donation
Apart from xAI, the Musk Foundation also donated $350,000 to the Boys & Girls Clubs of Greater Memphis, enabling the reopening of two club sites located at Booker T. Washington High School and Westwood High School. Both locations had closed earlier this year due to lapses in funding. As per xAI, the Musk Foundation’s donation allows clubs to reopen for almost 1,000 students.
The donation will fund staffing, supplies, and transportation, among others. “Kids are the future of humanity,” Elon Musk said in a statement, adding that students need “every chance to shoot for the stars.”
“We’re honored to support the Boys & Girls Clubs of Greater Memphis in reopening these sites, giving kids in underserved communities the tools to build brighter futures,” Musk said.
The gift was praised by local officials, including Boys & Girls Clubs board chair Michael Garriga, who stated that the “commitment will ensure the youth of our community have the opportunities they need to develop their skills and talents to become successful students and future citizens.”
Lifestyle
EV fans urge Tesla to acquire Unplugged Performance for edge in fleet and security industry
Unplugged Performance has built a name for itself by producing performance upgrades for Tesla vehicles.
A growing number of Tesla enthusiasts and longtime community voices are calling on the electric vehicle maker to acquire Unplugged Performance, a California-based aftermarket company best known for tuning Tesla vehicles and developing specialized government fleet solutions under its UP.FIT division.
The idea was once considered a niche proposal among EV fans, but it is now gaining serious attention not just as a performance play but as a strategic move to deepen Tesla’s roots in the fleet and security industry.
A strategic fit
Unplugged Performance has built a name for itself by producing performance upgrades for Tesla vehicles, from track-optimized components to visual and aerodynamic upgrades. But in recent years, its UP.FIT division has pivoted toward a more functional future by outfitting Tesla vehicles like Model Ys for police, military, and government use.
That work has sparked growing calls for closer collaboration with Tesla, especially as the EV maker increasingly leans into autonomy, AI, and fleet services as core components of its next chapter.
“I posted this four years ago, but I think it’s more true now than ever,” wrote Whole Mars Catalog, a well-known Tesla investor and FSD Beta tester, on X. “Tesla should buy Unplugged. But not just as a Performance division. What they are doing with UP.FIT unlocks large government and commercial fleet purchases that can improve utilization.”
Tesla fans such as shareholder Sawyer Merritt echoed the sentiment, calling Unplugged a “great fit within Tesla.” adding, “They are literally located directly next to Tesla’s design studio in Hawthorne.”
Enabling the next wave
Supporters of the idea noted that integrating Unplugged into Tesla’s corporate structure could help accelerate the adoption of autonomous technologies in government sectors. With UP.FIT patrol cars already in use across some U.S. police departments, Tesla fans envisioned a future where self-driving Teslas could potentially revolutionize law enforcement, search-and-rescue, and public service logistics.
“Just imagine how autonomous patrol cars could transform policing and bring us into a safer future,” the veteran FSD tester wrote.
The benefits could also extend to Tesla’s existing consumer base. “They also have some incredible products in the works that I think will appeal to many ordinary Tesla drivers — not just those looking for performance or mods. Stuff that’s so good it should have come straight from the design studio next door,” Whole Mars Catalog noted.
Unplugged Performance, founded in 2013, shares not just a product vision with Tesla, but also geography. Its Hawthorne headquarters sits directly adjacent to Tesla’s design studio, and the two companies have maintained a close working relationship over the years. The aftermarket firm has long positioned itself as a “mission-aligned” partner to Tesla.
In response to the recent calls for acquisition, Unplugged Performance acknowledged the support from the community. “Our very existence is to support the Tesla mission with @UpfitTesla and @UnpluggedTesla,” Unplugged CEO Ben Schaffer posted on X. “We love working with Tesla and are grateful for the community’s support since 2013!”
Elon Musk explains why Tesla stepped back from Project Dojo
Tesla creates clever solution to simplify and improve its Service
Tesla gets its best analysis from Morgan Stanley as ‘it’s all about to change’
-
News2 weeks agoTesla hints a smaller pickup truck could be on the way
-
News2 weeks agoTesla is ready with a perfect counter to the end of US EV tax credits
-
Elon Musk2 weeks agoTesla gives a massive update on its affordable model plans
-
News1 week agoElon Musk highlights Tesla Model Y’s most underrated feature
-
Lifestyle1 week agoTesla brings perhaps the coolest interior feature to cars in latest update
-
Elon Musk2 weeks agoElon Musk reveals Tesla’s next Robotaxi expansion in more ways than one
-
Elon Musk2 weeks agoTesla exec gives big update on Roadster, confirming recent rumor
-
News2 weeks agoTesla’s new affordable Model Y details teased in new sighting