Used Tesla prices have fallen dramatically since Tesla’s price cut at the beginning of this year but remain elevated compared to other used offerings.
Tesla is the clear leader in electric vehicles in the United States, controlling roughly two-thirds of the market in the country. With that attention and demand from consumers, it’s no wonder that used Tesla prices remain elevated as wait times for new vehicles persist. However, according to data released by iSeeCars, despite falling considerably, used Tesla prices remain elevated post-price cut.
Unsurprisingly, the used Tesla market took quite a blow earlier this year when the automaker slashed new vehicle prices. According to iSeeCars, the average price of a Tesla plummeted 4.8 percent in the weeks following the cut. This dramatic drop was more than three times more prominent than EVs, which saw prices moderately contract by 1.8 percent during the same timeframe.
However, taking a closer look at the data reveals a surprising trend:
Credit: iSeeCars
Perhaps the best example of the current used Tesla situation is the case of the Model 3. Despite its price falling 5.2 percent during the tracked timeframe, the average used Tesla Model 3 still sold for $42,633, which is too expensive to qualify for the used EV tax incentive. Furthermore, at that price point, the used Model 3 remains more expensive than the base model new Model 3, largely thanks to the IRA incentives for new EVs.
The situation is only slightly better for Tesla’s other popular model, the Model Y. After falling by 5 percent following the January price cuts, an average used Tesla Model Y now starts at $53,970, only just below the starting price of $54,990 but once again falls short of the starting price when considering incentives.
More anecdotally, looking at used Teslas for sale near me on Facebook Marketplace and Craigslist yielded only slightly better findings. Numerous Model 3s can be found within the $30,000 to $35,000 price range, with some rare deals appearing in the $20,000 range, but these are few and far between.
Many current Tesla owners looking to sell are in a unique situation. For the first time in a long time, a used Tesla can no longer be seen as an appreciating asset. On the other hand, buyers looking for a used Tesla still face many significantly over-priced offerings, preventing them from electrifying as quickly as they would like.
This isn’t to say that there aren’t any great used EVs as options for those looking for an affordable entry point. Despite iSeeCars finding that the average used EV for sale in the U.S. came in at an eyewatering $50,405, vehicles like the Nissan Leaf, BMW i3, and Chevy Bolt continue to be great starting offerings that often dip below the $20,000 mark.
As used Teslas continue to age and the market continues to normalize, there is no doubt that they will continue to drop in price. Just as seen with the earliest years of the Tesla Model S, there may come a day when an average used Model 3 dips below $25,000, and that day may be sooner than we anticipate.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
Elon Musk
Tesla’s Elon Musk considers insane Cybertruck mod: ‘Maybe we should make this’
The Cybertruck won’t do what the video shows (at least not in our lifetime), but a very entry-level version of it could be developed.
Tesla CEO Elon Musk has teased what could potentially be the company’s next big project, and while it is likely many, many years away, it shows the company truly has its sights set on the craziest things the world has seen.
Musk shared a video created by Grok Imagine, the AI tool that is able to take images and turn them into videos, showing a Cybertruck flying above the clouds and buildings of what appears to be a very futuristic city.
There are also massive robots roaming around in the video, so it is obviously an illustration of what life could look like in several generations.
However, Musk, who does not shy away from some really optimistic projects and goals, shared the video on X and said, “Maybe Tesla should make this.”
Maybe Tesla should make this https://t.co/9ieoqM03Wu
— Elon Musk (@elonmusk) August 19, 2025
What is depicted in the video is not what we’d see Tesla create anytime soon. However, the company could potentially engineer something to make the Cybertruck hover, as it plans to do with the Roadster.
Of course, this is likely a huge “if” considering the current state of the car industry. Vehicles are becoming more advanced with every passing day as companies like Tesla, Waymo, and others are working to sort out things like autonomous and driverless travel.
Tesla has been working on somewhat of a similar idea with the Roadster, a vehicle that has been delayed on several occasions because of Musk’s spectacular imagination. Earlier this year, Tesla’s Chief Designer, Franz von Holzhausen, revealed Musk wanted to push the limits of that vehicle even more.
It seems it could be on the way soon, considering Tesla has teased an “epic” demo for the car, which could come before the end of the year.
Tesla has been working to make the Roadster hover, using SpaceX cold gas thrusters. It will also utilize these for what could be an incredibly fast 1.1-second 0-60 MPH acceleration rate that has been teased countless times.
This project that Musk is teasing with the Cybertruck is likely one that we will not see in our lifetimes. However, this is just one example of the outlandish ideas Musk continues to tease for Tesla in the future.
News
Tesla Model Y L addresses one huge complaint from many owners
If you have ever used a wireless charger inside a Tesla or almost any vehicle, for that matter, you will notice that your phone will charge slowly, and it will get extremely hot. This is mostly due to the inherent inefficiency of electromagnetic induction, which is the process that wireless chargers use to transfer energy to the phone.
The new Tesla Model Y L is officially launching in China at a great price and with all of the awesome features of the original model, but with more space. The vehicle is also addressing one huge complaint that many owners have discussed.
The new Model Y L features a more spacious interior, new front seats with adjustable headrests, captains chairs, and mechanical armrests in the second row, and B Pillar air vents for improved circulation.
Tesla Model Y L officially launched: price, features, and more
However, there are some other features that are flying under the radar, including one that addresses a common complaint of many Tesla owners: wireless charging.
If you have ever used a wireless charger inside a Tesla or almost any vehicle, for that matter, you will notice that your phone will charge slowly, and it will get extremely hot. This is mostly due to the inherent inefficiency of electromagnetic induction, which is the process that wireless chargers use to transfer energy to the phone.
The inefficiency is evident in the heat, as that is the lost energy that should be going to the phone, but does not.
To combat this problem, Tesla has rolled out a new feature with the wireless charging mat in the Model Y L.
Tesla has used small slit air vents in the center of the wireless charger, which separates the two pads, to blow cool air on the phones to prevent overheating:
In a first for @Tesla, the new Model Y L has air cooled wireless phone chargers. The charging base has small slit air vents in the center that blows cool air onto your phone to prevent overheating.
The left driver’s side wireless charger now supports up to 50W charging speeds… pic.twitter.com/g6o4XgkYYE
— Sawyer Merritt (@SawyerMerritt) August 19, 2025
This will keep the temperature of your phone down and could prevent the dreaded “iPhone too hot” message that deems your device unusable until it reaches a more stable temperature.
Additionally, Tesla has upgraded the driver’s side wireless charger to support 50W charging speeds. The passenger charger remains at 30W.
This is a small but valuable improvement to the wireless charging apparatus could be a game changer, as there have been so many complaints about this feature in other Tesla vehicles.
News
Tesla Model Y Performance zips around Nurburgring with new features
With the performance, there are some improvements to interior aesthetics, but the goal with this particular trim of Tesla vehicles is to improve performance and aerodynamics, bringing a truly first-class experience to one of the best and fastest vehicles on the road.
The long-awaited Tesla Model Y Performance has been spotted zipping around the famed Nurburgring in Germany, a popular location for new vehicles to test their limits ahead of public release.
Earlier this year, Tesla executives Franz von Holzhausen and Lars Moravy both indicated that the updated and upgraded Model Y Performance would be on its way by the end of 2025, and it appears that time is coming close.
New images captured by Wilco Blok and Teslaplaidtokde on X show the Model Y Performance wrapped in camouflage, sporting a handful of new features as the lightning-fast version of the world’s best-selling vehicle prepares for a launch in various markets across the world:
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- Credit: Wilco Blok on Instagram
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- Credit: Wilco Blok on Instagram
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- Credit: Wilco Blok on Instagram
New Features
According to Blok and Teslaplaidtokde, the new Model Y Performance will feature a variety of new improvements compared to the past version.
This is something that was expected, as the launch of the new Model Y over the past year has shown various changes that made a great vehicle even better.
With the performance, there are some improvements to interior aesthetics, but the goal with this particular trim of Tesla vehicles is to improve performance and aerodynamics, bringing a truly first-class experience to one of the best and fastest vehicles on the road.
View this post on Instagram
Here’s what was mentioned as changes so far that have been seen on this test mule at Nurburgring:
- New 21″ wheels
- All black headliner, a big change that was included in the Model Y L, the first time a Model Y has had that option
- Updated brakes
- Bucket seats that appear to be similar to the new Model Y L in China
- New Carbon Fiber Spoiler
- Performance Badging
- Changes to both the front and rear bumper
- Suspension with Adaptive Dampers
View this post on Instagram
Expected Performance Metrics
These are not official figures, but this is what is expected based on what has been seen at the Nurburgring:
- 510 horsepower
- 0-60 MPH in 3.2-3.4 seconds
- 280-290 miles of range
- Anticipating the release of a new Track Mode
The previous iteration of the Model Y Performance featured 503 horsepower and a 0-60 MPH of 3.5 seconds. It also had a top speed of 155, which we believe will be improved with the next version of the Y Performance.
Here is some footage of the Model Y Performance running around the Nurburgring ahead of its release:
🚨 The Tesla Model Y Performance appears to have run some spirited laps at the Nurburgring in preparation for its launch https://t.co/PccY2KY2NF pic.twitter.com/Cd1TVwhNZq
— TESLARATI (@Teslarati) August 18, 2025
Tesla has not yet listed any date or timeframe for the Performance variant to be released. However, it is anticipated to be released by the end of 2025.
Tesla’s Elon Musk considers insane Cybertruck mod: ‘Maybe we should make this’
Tesla Model Y L addresses one huge complaint from many owners
Tesla Model Y Performance zips around Nurburgring with new features
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