The times when Tesla owners could sell their used EVs at a profit are gone. Tesla is cutting new car prices and prices of used Teslas are falling faster than those of other automakers.
According to industry data provided to Reuters, Tesla EVs are also spending more time in dealer lots than before.
The average price for a used Tesla in November was $55,754, down 17 percent from a July peak of $67,297. The price drop is more significant than the overall used car market’s drop…
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