Tesla Depreciation Calculator
A typical Tesla keeps about 48% of its price after 3 years and 37% after 5, about average for its class. Enter your own numbers below.
Get a plain-English read of your numbers, or ask anything about depreciation, when to sell or lease vs buy. Nothing is sent until you press Ask.
Today $38,000
- Total value lost
- $23,994 (63%)
- Cost of depreciation per month
- $400
- Each extra 1,000 miles a year costs
- $280 by the end
- Worst single year
- $11,400
| Year | Value | Lost that year | Total lost |
|---|---|---|---|
| Today | $38,000 | — | 0% |
| Year 1 | $26,600 | $11,400 · 30% | 30% |
| Year 2 | $21,280 | $5,320 · 20% | 44% |
| Year 3 | $18,088 | $3,192 · 15% | 52% |
| Year 4 | $15,737 | $2,351 · 13% | 59% |
| Year 5 | $14,006 | $1,731 · 11% | 63% |
Tesla depreciation rate
Repeated new-price cuts reset used values; the Model 3 and Y now follow roughly the EV average. Popular models: Model 3, Model Y, Model S, Model X.
| Value left after | 1 yr | 3 yrs | 5 yrs | 7 yrs |
|---|---|---|---|---|
| Tesla (model estimate) | 70% | 48% | 37% | 31% |
| Average electric vehicle | 70% | 48% | 37% | 31% |
The brand tier (average) reflects recurring patterns in Kelley Blue Book Best Resale Value Awards and iSeeCars depreciation studies. It shifts the yearly loss by about a quarter. It isn't model-specific data; check listings for a sale price.
See also: cars that hold their value, depreciation rate by year and compare two vehicles.
Questions people ask
How fast does a Tesla depreciate?
Tesla vehicles generally lose value about average for their class. Using AssetDropper's model for a typical electric vehicle with Tesla's resale tier, one keeps about 70% of its price after one year, 48% after three and 37% after five. Individual models vary a lot, so use the calculator with your own price, age and mileage.
Which Tesla models hold their value best?
Among the Tesla lineup (Model 3, Model Y, Model S, Model X), the models that resale studies by Kelley Blue Book and iSeeCars tend to rate highest are usually the trucks, SUVs and long-running nameplates. Repeated new-price cuts reset used values; the Model 3 and Y now follow roughly the EV average.
Is a used Tesla a good buy?
A used Tesla keeps its value well, so you pay a smaller discount versus new, but you'll also get more back when you sell. Compare a new and a 3-year-old example on the compare page.
How do I estimate my Tesla's value?
Enter today's value (or the price you paid) and the vehicle's age above. The calculator continues the depreciation curve from that age. For an exact sale price, check current listings for the same model, year, trim and mileage near you.