Used Tesla Prices Are Falling From Unusual Highs | Carscoops carscoops
due to rising fuel prices. This created a “price bubble” effect for used Teslas, as their owners flipped them for profit upon delivery.
Today, easing fuel prices, rising interest rates, Tesla’s increased production output, and growing EV competition changed the balance between supply and demand leading to a drop in used Tesla prices. Consequently, the automaker adapted to the new standards by offering for the Model 3 and the Model Y set to be delivered before the end of 2022, in an effort to boost year-end demand.: “You can’t sell your current Tesla for more money than you paid for it, which was true for a lot of the past two years. That would reduce demand for new Teslas”.Elon Musk admitted that Tesla considers lowering new car prices in order to sustain volume growth, which would result in lower profit margins.
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